Chapter 10: Stop playing blind archery
In this chapter, you will learn that:
• There are a few techniques I utilise in order to make a decision about the likely future direction of the share price action. I use trendlines, support/resistance lines, moving averages, a momentum indicator, volume and pattern recognition to analyse any share chart. If you don’t have a consistent way of analysing the market, you’re throwing money away.
• By using at least one indicator from each of the major indicator ‘families’, I am seeking to apply a weight of evidence theory to my trading, and maximise my probability of making a profitable trade.
• There are literally hundreds of other indicators available to traders. By adding more indicators, you will not ...
Get Trading Secrets: Killer trading strategies to beat the markets and finally achieve the success you deserve, 3rd Edition now with the O’Reilly learning platform.
O’Reilly members experience books, live events, courses curated by job role, and more from O’Reilly and nearly 200 top publishers.
