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Gold/Mining/Energy : Big Dog's Boom Boom Room -- Ignore unavailable to you. Want to Upgrade?


To: lexi2004 who wrote (61511)3/12/2006 9:09:33 AM
From: chowder  Read Replies (1) | Respond to of 206176
 
>>> BTW, do you use Volume by Price? <<<

Not anymore. I can look at a price chart now and determine where price support or resistance is. I don't need an indicator which merely confirms what I already know.

I too have read many, many books from traders library and the more experience I got, the more I realized I needed very few indicators at all.

Technical analysis is a process. You must go through the process of learning all of the indicators and experience them in real time trades. After a while, you will find yourself using fewer and fewer of them.

I should be able to tell in 5 seconds or less if a chart is a buy, sell or ignore. Anything longer than that and the chart was ambiguous anyway. Hit the space bar and move on to the next chart.

dabum