Technical Analysis
Some principles I am learning...
1) Watch the volume traded, and the size of the trades, these give an indication of where the money is flowing and can help you to identify the momentum...of the false signals
1) Watch the volume traded, and the size of the trades, these give an indication of where the money is flowing and can help you to identify the momentum...of the false signals
2) Don't get sucked in by false signals, follow proper trading principles...establish your stop-loss positions first and size your trades properly... don't jump in and get sucked up by the momentum going down
3) if day trading, use the hourly and 15min charts properly...
4) for slightly longer, candlesticks and moving averages are your friends...establish the direction and the momentum, before you put in any trades...
Short term trading has to be disciplined if you want to make money
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