Advanced Technical Trading

Advanced Technical Trading

www.ProfitableTradingTips.com

http://profitabletradingtips.com/tradinginvesting/advanced-technical-trading

There are several profitable day trading
strategies.


All of them are more profitable if your
technical trading skills are advanced.

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The sad fact is that most traders and
investors sell during a state of panic
and buy when they are overly optimistic.


Advanced technical trading skills
properly applied get you into the market
at the most opportune time and out with
the maximum profit.


A tried and true approach to day trading
is with the use of Japanese
Candlesticks.


This system presents the trader with
graphic display of evolving investor
sentiment.


Using advanced technical trading with
Japanese Candlesticks allows a trader
to gradually convert long to short
positions as an upward trend weakens
or short to long positions as the market
bottoms out.


Advanced technical trading relies on the
fact that history simply keeps repeating
itself and those who learn the lessons of
history need not repeat its mistakes.


Signals That
Indicate Market
Reversals


There are many truisms in life and there
are a lot of truisms in stock trading.


Advanced technical trading works to
create profits because it allows you to
enter and exit trades with the most
accurate analysis possible.


Traders use technical cues such as
moving averages to gain perspective in
trading stocks.


They use signals such as the Doji from
the Japanese Candlestick arsenal to
fine tune their decision making.


The Doji gives us a good example of
how advanced technical trading can
lead to profits.


This candlestick signal is a relatively flat
candle with shadows of varying lengths
extending above and below.


The candle which looks like a rectangle
on the trading chart shows us the
opening and closing prices for a given
time period, commonly for a day.


A white candle tells us that the stock
closed higher than its opening price.


A black candle tells us that the stock
close down for the day.


The shadows are lines that extend up
and down from the candle and tell us
how high and low the stock traded for
the day.


In the case of the Doji signal the candle
is nearly flat which tells us that the
opening and closing prices were nearly
the same.


The shadows may be long or short.


This signal is meaningful when it occurs
after a stock has been trending up or
down for a significant period of time.


It tells us that the market has become
undecided.


And it is a strong predictor of a change
in market direction.


Paying attention to the Doji in advanced
technical trading can lead to handsome
profits and help avoid uncomfortable
losses.


Following Cues to
Profits


There are lots of trading cues.


Advanced technical trading involves
paying close attention to the cues of
market sentiment while keeping market
fundamentals firmly in mind.


And, advanced technical trading is not
trading more frequently. It may, in fact,
require you to sit out many trading
situations that are not really clear.


The point of having an advanced skill
set is to use it judiciously and for
maximum profits while avoiding
unnecessary losses.

Advanced Technical Trading

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