Chapter 12: Your charting system
I’ve discussed only a few of the many charts and charting tools used for technical analysis; nevertheless, you’re probably feeling a little overwhelmed and wondering how you can combine the tools and techniques into a coherent system. In this chapter I’ll put it all together so you can develop a system that will work for you. Some of what I’ll say is a synopsis of what’s been included in earlier chapters; at appropriate points you may wish to refresh your understanding by referring back.
Creating a trading/investing plan
As discussed in chapter 1, you can buy or sell an investment instrument as a trader or an investor, depending on the intended time frame, the source of profits required and the type of instrument ...