This Element is an excerpt from Technical Analysis Plain and Simple: Charting the Markets in Your Language (9780137042012) by Michael N. Kahn, CMT. Available in print and digital formats.
Stop burying yourself in data: Cut to the chase and get the insights you need to discover real market trends and make better trades!
So many investment tools are available to the technician that it is easy to overdo it. Vast quantities of data may be unnecessary to discern simple patterns. The “noise” associated with daily data can confuse long-term analysis, and too many indicators can obscure the trend they are attempting to measure. Keep it simple: Less is more.