The V-Trade Part 2: Technical Analysis by Sylvain Vervoort
Making buy and sell decisions are critical for any trader. But in some market environments, itís difficult to gauge which way prices will move. Are institutional traders just pushing prices to make a quick buck? Whatís a retail trader to do? Hereís one way to know.
In this second part of my V-Trade article series, Iíll discuss the process of making buy and sell decisions. Iíll focus on what you should know about technical analysis in order to successfully apply the five basic trading rules I outlined last time in part 1. Iíll go over several important components of technical analysis including chart types, passive support & resistance, active support & resistance, chart patterns, and wave count. Then Iíll explain how I apply these techniques to make manual and automatic buy & sell decisions ...