| I think when many people hear the term technical | | | | may require some subjectiveness from the trader, |
| analysis, they think of a chart filled with indicators | | | | but that's what trading is all about! Nothing can be |
| such as moving averages, stochastics, etc... I on the | | | | 100% mechanical. |
| other hand think a little differently. I think this is the | | | | Start Off With Volatility |
| exact opposite of technical analysis. | | | | Have you ever heard some traders say that it's |
| What Is It That You Are Analyzing? | | | | much easier to tell where the market is headed when |
| It seems to me anyway, that the indicators are | | | | prices are more volatile than when they are slow. |
| doing all the analyzing, and the trader is basing his | | | | There is a an excellent reason for that. A volatile |
| trading decisions off of what the indicators are telling | | | | market leaves footprints, as in support and |
| them. I believe for it to be truly considered technical | | | | resistance. So every time there is a volatile |
| analysis, the trader is the one who should be | | | | movement in price, you can see perfect entry and |
| analyzing the markets, not the indicator. | | | | exit areas if you know where to look. This is |
| That's What About Price Action Is All About | | | | something that you just can't learn from trading with |
| It's about being able to look at basic data like price | | | | Stochastics. Goodness knows I tried when I was first |
| movement, analyze it, and be able to comprehend a | | | | starting out in trading. |
| trading plan based off of that information. True, it | | | | |