batter understand charts

TRK

New Member
#1
technical analysis is a skill that improves with experience and study always be a student and keep learning most important rules of technical trading 1) map the trands 2) spot the trand and go with it 3) find the low and high of it 4) know how for to back track 5) draw the line 6) follow that average 7) learn the turns 8) trand or not a trand 9) know the warning signs 10) know the confirming signs ---cont---
 

TRK

New Member
#3
""map the trends"" study long term charts begin a chart analysis with monthly and weekly charts spanning several years a lorgerscale map of the markeet provides more visibility and a better longterm perspective on a markeet once the longterm has been established then consult daily and intraday charts a shortterm markeet view alone con of ten be deceptive even if you only trade the very shortterm yov will do better if you're trading in the same direction as the intermediate and longer term trends ----cont
 

TRK

New Member
#6
"spot the trend and go with it" determine the trend and follow it market trends come in maney sizes longterm intermediateterm and shortterm first determine which one is youre gning to trade and use the appropriate chart make sure youer trade in the direction of that -----cont
 

TRK

New Member
#7
in the direction of that trend buy dips if the trend is up sell rallies if the trend is down if you're trading the intermediate trend use daily and weekly charts if you're day trading use daily and intra day charts but in each case let the longer range chart determine the trend and then use the shorter term chart for timing
 

TRK

New Member
#8
--find the low and hi-- find support and resistance levels the best place to boy a market is near support levels that support is usually a priveous reaction low the best place to sell a market is near resistance is usually a previous peak after a resistance peak has been broken it will usually provide support on subsequent pullbacks in other words the old high becomes the new low in the some way when a support level has been broken it will usually produce selling on subsequent rellies the old "low"
 
#10
rellies are batter trands! :p
 

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