In my previous post, I talked about emotion as information that is worthy of analysis. I also said: The more you manage your emotions with the premise that emotion is information worthy of analysis, the greater control you gain over your actions.
Very simple trend analysis is provided by the graphics of the indexes. When one index is trading positive, today the NASDAQ, while another index is trading lower, today the Dow, merely shows a shifting of funds versus a change of the current trend.
In today's video, we will take a look at the a pre-market analysis of the European markets. Now I have done these types of videos in the past, but I thought this would be a good time to break out a new one as action in these European markets is something we should all be keeping an eye on.
Fibonacci ratio analysis is one of the most powerful leading indicators available to today's technical trader. The problem is most people either over complicate it or are simply unsure of where to start and stop the ratio analysis.
Growth as a trader happens when you anticipate market movements rather than react. Reacting to price change is what leaves you “back in the pack” initiating trades well after the ideal entry window has passed.
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