Timing Solutions for Swing Traders: A Novel Approach to Successful Trading Using Technical Analysis and Financial Astrology

CONCLUSION

By now, traders should have a better understanding of the importance of using the collective signals of the four trend-related dimensions—pattern, volume, price momentum, and price and moving averages—as trading guidelines. Generally, trade entries occur when the coherent signals of these four dimensions are bullish, and trade exits happen when the signals are bearish. In addition, this chapter has shown how the addition of financial astrology can help further determine probable price direction and change in trend. But before we proceed to the chapters covering each of the four trend-related dimensions, here’s a word of caution.

After trading for some time and making some profitable trades, traders may face one possible danger. Because technical analysis is a rule-based approach, the process becomes repetitive. Traders may start to get bored with the routine and begin to neglect their trading rules and methods. Boredom may cause traders to either adopt a complacent attitude or deviate from their trading methods. They may easily overlook the risks of trading. To overcome this syndrome, traders need to make every trade with attentive care as if it is their first trade.