People seem to think that because so few people are successful in trading that there must be a complicated process to complete in order to make money. The truth is that the simpler we make trading, the more profitable it seems to be. This week I decided to discuss a simple technique that is often overlooked when traders are reading charts. We are all too quick to look at the squiggly lines we call indicators and oscillators and dismiss the simplest signal available to us, PRICE!
The most common way that price is displayed for most traders is through candle charts. If you are not familiar with the construction of a candlestick, I have included the quick reference below. A green candle usually indicates strength in price and is formed by price closing higher than it opened during… Continue Reading
