How to Use Technical Analysis the Right Way.
Stop using Technical Analysis the wrong way and follow these tips.
Technical Analysis is a fascinating way of analyzing markets. It serves as a great complementary tool to Fundamental Analysis and it relies mostly on charts and indicators. Unfortunately, many retail traders misuse it, thus, causing catastrophic results and giving it a bad name. Technical Analysis is now regarded as a pseudo-science rather than a serious skill. This is of course not the case. My personal and professional experience with it prompted me to start writing about the correct way of using it.
I have just published a new book after the success of New Technical Indicators in Python. It features a more complete description and addition of complex trading strategies with a Github page dedicated to the continuously updated code. If you feel that this interests you, feel free to visit the below link, or if you prefer to buy the PDF version, you could contact me on Linkedin.
Always Start on the Higher Time Frame.
When performing Technical Analysis, you should remember that the higher time frame supersedes the lower time frame. This means that a monthly…
