Using Technical Indicators as a part of your Trading Strategy
By utilizing charting patterns and indicators, investors dramatically increase their ability to select the proper time to buy and sell stocks. Investors have learned to examine the stock market regularly, as doctors would examine a patient. Doctors rely on their educated knowledge and such tools as an X ray.
Investors are now relying on their educated knowledge and technical charts. Even with all the tools we have today, Americans are still brainwashed into thinking that they should buy and hold long term to avoid paying taxes now. I'm sorry; I'd rather be taxed today, knowing what my tax liabilities are now, instead of hoping they will be lowered when I'm retired.
Technical Charting for Profits
Mark Lawson continues in his book Technical Charting for Profits that when investors have the proper knowledge, they will realize the advantages of taking profits sooner rather
than later. Investors have to understand that the key to investing is to know when to take some profits and
then decide when to reenter a trade again. The use of technical indicators along with the reading of candlestick
chart patterns allows traders to be consistent and profitable. Click Here to Read More
Useful Candlestick Chart Patterns
Here is a list of useful patterns that should be a part of any stock research:
Effective Trade Plans Delivered Daily
Click Here to view Video Examples of our Trade Plans
This is one of few out there that point to the big picture. It's not just buy and sell "tips", he helps you develop your own system and looks at the key picture of the psychology of trading...usually overlooked.