T2W Bot
Staff member
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?
Well, there is! And I’d suggest that if most novices fear to go there, then perhaps it might be worth some investigation.
What is technical analysis? For most novice traders it seems to be one of, or a combination of, the two following approaches:
The art of defining recent price action through classical charting techniques such as the Dow Theory definitions of an uptrend and downtrend, and recognition of patterns such as channels, triangles, head and shoulders, cup and handles, and on and on, or
The art of representing price action through the numerous indicators available on your charting platform, such as moving averages, stochastics, MACD, and on and on.
This is great. It’s a good start. But the fact is that no matter how we define the structure of the market, whether based on...
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