/biz/ - Business & Finance

>>12287749

Also I have found my strategy has simplified a good deal over the last four years I've been swing trading. There was a period where I was using a mess of indicators and all sorts of nonsense. Over time I cut most of that shit out as it just added conflicting signals over the price action and sometimes lead me in to bad trades I wouldn't have taken if some set of wavy lines hadn't crossed in a particular way.

Nowadays I keep it bare bones; support, resistance, trend, RSI, and double check moving averages in case there is anything meaningful happening between the long and short average. Whole thing can be boiled down to: buy at support, stop loss below support, take profit at resistance, trailing stop loss if I want to be greedy and let it ride beyond a ways + average up if key resistances break.

If you use trend lines, learn the standard way to draw them and don't get too creative. Trend lines are most useful when you're using essentially the same ones as everyone else is.