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 ...