I’ve spent the day doing some research, tweaking charts, configuring journals, blah blah…
Something I’ve always struggled with is understanding the trend on a chart.
When it’s flying up, yes it’s in an uptrend.
But what about when it’s flying up and recently been down?
Is it an overall uptrend? Should I be considering the recent downtrend more?
This is the conflicting situation where I’ve never really known how to read the charts.
Understanding the information presented on the charts is important. It’s easy to forget the details behind the charts and just see a simple reflection of price… but that won’t get us anywhere.
I found this recorded webinar on Mastering Trend Lines today, and although it is a little long, it is FULL of really good and useful information explaining some of the behind-the-charts actions of traders.
The beauty of 4hr trading means I can do much more around trading. Especially on my days off work.
Including, learning; walking the dog; going for lunch; washing the dishes!
Learning is a never ending process, and my ability to become a better trader will take me closer to that “work-free” lifestyle I believe is achievable.
I’m aiming to be a sniper trader, not a machine gunner!