Price Is King - When analyzing trends and determining the next steps, price movement should drive every decision. Price action represents traders’ beliefs and expectations created with money.
Candlestick Analysis - This graphing method presents information in the most transparent, easily graspable manner. You will learn my Bar-by-Bar Analysis Technique.
Trend and Multiple Time Frame (MTF) Analysis - Analyzing trends over multiple time frames offers the best chance at success by providing a more holistic analysis of price movement. Then, working down to the five-minute time frame serves as a highly efficient market analysis method.
Support and Resistance Analysis – This is a key component of Master Trader Technical Strategies. There is no such thing as hidden levels or need for Fib. Levels.
Moving Averages – I explained my unique method of calculating moving averages to determine which moving averages will display a higher time frame trend on the lower 5-minute time frame. Volume Analysis - For me, volume analysis might be somewhat overemphasized. However, it serves as an excellent indicator of potential turning points.
Position and Money Management - Lastly, even the best chart reader may fail without sufficient position and money management skills.
|