And here some other information on the subject:
John Murphy's Ten Laws of Technical Trading
John Murphy's ten laws of technical trading explain the main ideas to beginners and streamline the trading methodology for experienced practitioners. The precepts define the key tools of technical analysis and show how to use them to identify buying and selling opportunities.
- Map the Trends
- Spot the Trend and Go With It
- Find the Low and High of It
- Know How Far to Backtrack
- Draw the Line
- Follow That Average
- Learn the Turns
- Know the Warning Signs
- Trend or Not a Trend?
- Know the Confirming Signs
In the following link you will find information to each above mentioned topic. You will learn which indicator is used for what kind of analyzes. This little specific knowledge should prevent you from using indicators with different names for the same topic. Arcus already has pointed in that direction in his post and the following link will expand that knowledge:
http://stockcharts.com/school/doku.php?id=chart_school:trading_strategies:john_murphy_s_ten_laws
And by the way: John Murphy is the owner of the website in the link.
John Murphy's Ten Laws of Technical Trading
John Murphy's ten laws of technical trading explain the main ideas to beginners and streamline the trading methodology for experienced practitioners. The precepts define the key tools of technical analysis and show how to use them to identify buying and selling opportunities.
- Map the Trends
- Spot the Trend and Go With It
- Find the Low and High of It
- Know How Far to Backtrack
- Draw the Line
- Follow That Average
- Learn the Turns
- Know the Warning Signs
- Trend or Not a Trend?
- Know the Confirming Signs
In the following link you will find information to each above mentioned topic. You will learn which indicator is used for what kind of analyzes. This little specific knowledge should prevent you from using indicators with different names for the same topic. Arcus already has pointed in that direction in his post and the following link will expand that knowledge:
http://stockcharts.com/school/doku.php?id=chart_school:trading_strategies:john_murphy_s_ten_laws
And by the way: John Murphy is the owner of the website in the link.
