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Trendlines are a relatively simple tool that can be used to gauge the overall direction of a given asset, but, more importantly, they can also be used by traders to help predict areas of support and resistance This means that trendlines are used to identify the levels on a chart beyond which the price of an asset will have a difficult time moving. In the context of technical analysis, a channel is when the price of an asset is moving between two parallel trendlines. The upper trendline connects the swing highs in price, while the lower trendline connects the swing lows. Trendlines are a great tool, showcasing short-term trends within the overall trend. Pay attention to price action and always consider it when using trendlines. If the price makes lower lows and lower highs, it's still a downtrend even if the price moves above a descending trendline. If the price makes higher highs and higher lows, the price still has an uptrend even if it moves below the trendline. Today's E

It's a popular trading method and shows results (Profit or Loss) instantly. A breakout is a stock price moving outside a defined support or resistance level with increased volume. A breakout trader enters a long position after the stock price breaks above resistance or enters a short position after the stock breaks below support. Once the stock trades beyond the price barrier, volatility tends to increase and prices usually trend in the breakout's direction. The reason breakouts are such an important trading strategy is because these setups are the starting point for future volatility increases, large price swings and, in many circumstances, major price trends. A few pointers for Breakout trading: 1. TRADE BREAKOUTS IN THE DIRECTION OF THE TREND 2. WAIT FOR HIGHER VOLUME TO CONFIRM A BREAKOUT 3. ENTER ON RETEST OF SUPPORT OR RESISTANCE 4. TAKE ADVANTAGE OF VOLATILITY CYCLES 5. HAVE A PREDETERMINED EXIT PLAN 6. SAVE TIME BY SCANNING FOR BREAKOUT CANDIDATES

Dennis Gartman is the trader’s trader. He is up at 2 to 3 a.m. and  writes a daily letter (the eponymous The Gartman Letter) every  morning by 6 a.m. Eastern time, wherever he is in the world. He  analyzes the currency, commodity, energy, and metals markets, and  has been doing so for nearly twenty years. A wide range of people  read Gartman—the rich and famous, the small investor along with  staffers at nearly every major trading house and fund in the world.  His wisdom and insights are often seen on TV, and he is in constant  demand as a speaker at investment conferences. He has forgotten  more about trading than most people will ever know. He trades every  day, and his trades are on the record for all the world to see.

What if you could read the principles for success for some of the world's greatest traders? Well you can, here is how author Jack Schwager summed up the the similarities of the 'Market Wizards' he spent years interviewing in his books. I Have prepared a PPT- contains trading gems , which can be downloaded from this link : Download Link Snippets are here   It Is Absolutely Necessary To Have An Edge : You can't win without an edge, even with the world's greatest discipline and money management skills. If you don't have an edge, all that money management and discipline will do for you is to guarantee that you will gradually bleed to death. Incidentally, if you don't know what your edge is, you don't have one. Money Management and Risk Control Money management is even more important than the trading method. The Trading Plan * Never risk more than 5% of your capital on any trade. * Predetermine your exit point before you get in a trade. T

There are many ways you can buy and sell using different types of orders, and each way serves a purpose. Here are the basic trading order types, and when you will want to use them. Allowing market to hit your order ( trigger your  entry ) is KEY learning in my trading journey. 01. Market Orders : Simplest order type to quick buy and sell. The issue with market orders is that you don't know the exact price you are buying or selling at.Sometime this may results in big slippage. 02.Buy Limit Order : This order is place below the current price and filled only at or below the limit price .                                                                                                                                                        03.Sell Limit Orders : This orders is placed above the current price and filled only at or above the limit price. This is often used as target to get out of trade.