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The original swing theory of higher highs and lows for long trades and lower lows for short trades remains king. The issue where traders stumble is to filter the noise out and identify the highs/lows. Thats where technical traders come in with their arsenal. If you can master this, and I am not yet fully there, but slowly moving in that direction, trading takes the level of an art! Because you try to project trader psychology onto the charts, and that can be subjective and disastrous at times. The upside is that you trade only with price action, the purest form of market direction. Think about this!
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AuthorAbnash Singh, Am a Trader helping small traders to realize their dreams. Archives
October 2017
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