The Hidden Secrets of Technical Analysis

We've just published a new T2W article called "The Hidden Secrets of Technical Analysis" by Lance Beggs.

Quick Summary: Did you know that there is a whole 'other world' of technical analysis that most novice traders are either totally ignorant of, or fear to go due to the fact that it might actually require some work?

PS. Don't forget to rate the article after you've read it and share your comments on this thread.

I really enjoyed this article. Price action is definitely first on my steps for analyzing a stock's performance. If it passes that test, I then go on to additional indicators for confirmation. I will definitely share this with my friends.

Michael Glass
http://blog.accendotraders.com

All questions, no answers.

Where/what are the answers?

Price is it's own best indicator..sadly way too many traders don't understand that..

Hi, you've got me interested but I confess am a little stuck on what you mean by the phrase "internal nature of price movement".
I'm guessing that you mean "those price movements that happen on a shorter and more recent timescale than that for which the indicators were evaluated".

As I say, this is a guess. Could you provide an example or so to illustrate it please?

Hi Lance. I really enjoy your articles. I think what you're saying here is that for instance if the price is above the 50 MA thus implying a general uptrend, put a magnifying glass on the situation by maybe waiting for a pullback from 8 or 10 up sessions (signifying an easing of an overbought situation) and some sign of support, maybe using candle patterns and/or fibonacci levels for continuation of the uptrend. Is this what you're saying or am I barking up the wrong tree?
Your paragraph about "...the psychology of the people sitting on the sidelines.." is deep, I'll have to ponder that one for a while. Can't wait for your future articles on that subject. Thanks. Dino.