Keys to Success CoveredPrice Is King - When analyzing trends and determining next steps, never lose sight of the actual price movement. Ultimately, price should drive every decision.
Candlestick Analysis - This graphing method likely presents information in the most transparent, easily graspable manner.
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 – Is a key component of Master Trader Technical Strategies and it was pointed out not to confused he use of moving averages as them being actual price support or resistance.
Moving Averages – I explained my unique method of calculating moving averages to determine which moving averages will display the trend of a higher time frames on the lower 5-minute time frame. These moving averages providing traders a focus on a signal time frame with the knowledge of trends in multiple time frames.
Volume Analysis - For me, volume analysis might be somewhat overemphasized. However, it serves as an excellent indicator of probable turning points.
Position and Money Management - Lastly, even the best chart reader may fail without sufficient position and money management skills.
