Normal
Hi,Heres some of the things i use to determine an entry, some of you may agree some may not.I watch for candlestick reversal patterns coupled with stochastics.I double check the chart i'm viewing which defaults at 6mnths (this just suits me and my timeframe) - but I also check the chart over alonger period to make sure i am not missing anything in terms of trends, support and resistance.I take previous support and resistance into account.I take into account the major moving averages like 50,100,250 SMA as these can quite often become targets for support and resistance.I listen to the finance report in the morninig news, reason being alot of other people do so when the US has a crap day quite often we do to, this could change my mind on weather to take that position on that day or not.I take into account the last few days trading, whats does the volume tell me?I also take into account MY last fews days, if i have been busy with work and my kids have been driving me crazy then i'll wait untill i am sure i'm ready I like to keep things pretty simple.there are some other things i also take into account but these are some of the main things i do when selecting my entry.cheers
Hi,
Heres some of the things i use to determine an entry, some of you may agree some may not.
I watch for candlestick reversal patterns coupled with stochastics.
I double check the chart i'm viewing which defaults at 6mnths (this just suits me and my timeframe) - but I also check the chart over alonger period to make sure i am not missing anything in terms of trends, support and resistance.
I take previous support and resistance into account.
I take into account the major moving averages like 50,100,250 SMA as these can quite often become targets for support and resistance.
I listen to the finance report in the morninig news, reason being alot of other people do so when the US has a crap day quite often we do to, this could change my mind on weather to take that position on that day or not.
I take into account the last few days trading, whats does the volume tell me?
I also take into account MY last fews days, if i have been busy with work and my kids have been driving me crazy then i'll wait untill i am sure i'm ready
I like to keep things pretty simple.
there are some other things i also take into account but these are some of the main things i do when selecting my entry.
cheers
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