Tagged: day trading systems
While the title of this post is a play on words from a popular 1984 hit by the group, Whodini, there is no illusion here. Rather, we’re focusing on clear and concise price action rules you can use to identify and manage trends on your day trading charts. As a...
Beginner and experienced traders like to identify areas of support and resistance, or recent highs and lows, by drawing horizontal lines on the chart that coincide with barriers where price did not cross. The idea is that price, again, will not want to tread beyond those lines/values for whatever reason....
