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Welcome to My Trading Room, Volume III by Jacques Magliolo

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CHAPTER 5

How to Identify Trends

The greatest wealth is a poverty of desires.

—Seneca (4 BCE–65 AD)Roman philosopher and statesman

Strategy to Professional Status: Part IV: Phase 1

This section is split into two chapters, as follows:

Phase 1: Identifying trends.

Phase 2: Identifying patterns.

This section is the first part of a two-fold phase to Part IV. The first is to identify which of your selected shares have trends that comply with your strategy, and secondly, to identify trading patterns.

Identifying Trading Trends

Aim: To determine whether the share is liquid.

image

Candles

As a precursor to this lesson on technical triggers, I would ...

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