Technical Analysis Course - Momentum

In order to ascertain price movement – momentum, one must apply technical analysis, and this technical analysis must be short term oriented. That is why I am delighted with the application of Point & Line Charting expressed further on in this book.

There are myriads of approaches available to the trader. In the following section I will be listing but a few. The trader must accept those to which he is obliged to commit himself, based on his/her acceptance of them. His/her acceptance must flow from knowledge, experience and awareness.

The fewer techniques U employ, the happier U will be.

U will find however, Point & Line ( P&L ) Charting flows very well with any or all of these methods, because P&L charting is the penultimate in short-term day to day and intra-day analysis. I know of no system wherein that particular system analyzes market momentum, by taking into account the high/low/close of the specific day U wish to execute prices.

However, the general medium to long term approaches, which includes fundamental analysis, enable the trader to be aware of price movements and identifying the broad picture. It is very important to be able to identify the ” picture ” in chart formation analysis.

---

This is your new blog post. Click here and start typing, or drag in elements from the top bar.