Skilled eyes search for a breakout or breakdown after sideways
congestion. You should use pattern recognition to identify profitable turning points and
enter the position in whatever direction the market or stocks breaks out. Those who think
that technical analysis is all about using and analyzing indicators fail to identify these
important trading interfaces. Indicators do fail but human mind can work wonders.
You should always remember that price makes news, and not
vice versa. As a good trader you should see the market reaction to an event,
or a news and act. The general mistake traders make is instead of acting they
react to the events.
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