Price Action – The Most Powerful Indicator
Source: http://feeds.feedburner.com/~r/RecordPriceBreakoutcom/~3/369473738/Posted on Tuesday, August 19th, 2008 | In Market Commentary
Contributed by: Steve Warshaw (http://www.recordpricebreakout.com) -
Article Overview
With the litany of technical analysis tools, algorithms, and software available today, it’s no wonder traders have gotten away from the basics. The problem of course is that all of these fancy tools are useless until you’ve analyze the sign most important indicator of them all. Price!
Trendlines, moving averages, and price patterns: these are the things every trade should study first.
Two Powerful Examples
In the following video, you will see examples of two stocks you could have made a fortune on by drawing 1 simple trendline. Take a look:
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 About Steve Warshaw (http://www.recordpricebreakout.com)
RecordPriceBreakout was founded by Steve Warshaw in July, 2008. Steve is a full time software engineer and aspiring professional technical analyst. Steve has contributed significantly to the development of several trading software and technical analysis programs including Track and Trade High Finance by Gecko Software. |
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