How I begin in Technical Analysis (THREAD)

I took a trader I liked & copied everything on the chart to mine (COLORS & INDICATORS)

This way you can ‘’see’’ what he see. Every time he post charts & updates you look at it & try to understand/notice how the chart moved

In relation to what he said & anticipated from his analysis. You’ll naturally start to understand how chart work while using the trader you chose as a GUIDE to YOUR analysis

Then you go from there & you TWEAK it over time to what work & what doesn’t for YOU

Start with DAILY Timeframe.

The one I chose used 200/50 SMA as target or support. I quickly noticed how accurate this was. So I kept it, use it & def my fav indicator. The accuracy of the 50/200 SMA when used as target is insane & on the other side, when used as support

It allow you to quickly find your risk (Stop Loss) cause you’ll notice when it break down it continue to drop

You’ll also notice the 50/200 are good entry zone cause it give an amazing R/R. You hold as long as it hold. If break down, I learned to let some wiggle room

Then if not get back over, you CUT. See? Only using the 50/200 SMA I learned ‘’PT?’’ (Resistance), Entry (Support) & when to cut QUICK