Hello everybody,
this is ronnie,
i hav a query regarding application of technical analysis in day trading. Like how many chart patterns r there for understanding the pattern. How to study these charts .
Thanx
answer is not simple as the question seems , try the site stockcharts.com , there is some small but good explanation there , the ta is a very broad concept , there are lots of patterns studies and indicators u need to understand them one by one , and find out most suitable set for urself . ur question should not be
application of technical analysis in day trading if u don't know ta .
firstly clear concepts in this area , paper trade and back test strategies then try in swing trades if u have mastered in them then try for day trading , one notable point is that application of ta in day trading can be counted among toughest tasks in world and u need the speed of a fighter Pilot because u need to take quick and correct decisions within minutes or seconds otherwise ur position will kill ur capital .
i hope information would be helpful .
abhi :thumb: