Trading Τακτικη

Analysis Routine / Tools, Significance Ordered List

The Seven (7) Steps and the Seven (7) Sub-steps!

  1. Waves (Elliott Wave Theory)
  2. Pivot Points  (Fibo & Midpoints)
    1. Daily
    2. 3-Day Rolling
    3. Weekly
    4. Monthly
    5. Quarterly
    6. Semester
    7. Yearly
  3. Higher Highs (HH) – Lower Lows (LL) Sequence
  4. Trend Direction (Moving Averages slopes and positions relative to price and to each other)
  5. Momentum / Over-bought / Over-sold (Momentum, ROC, RSI, MACD, Stochastic and Linear Regression Indicators)
  6. Support & Resistance (Trend lines, Horizontal lines, Previous Highs & Lows, Fibonacci levels, Pattern’s Targets and Point & Figure Points)
  7. Fundamentals

We mainly use charts to identify for a  market / asset:

  1. Trade Setups
  2. Trigger lines / points
  3. Path of least resistance
  4. Stop loss levels (reducing exposure)
  5. Fear levels (zeroing exposure) & Panic levels (for contrarian trades)
  6. Pyramiding levels
  7. Price targets and Euphoria levels (for contrarian trades)

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