Hi
Was wondering if I could get a few opinions.
When looking at a new stock / commodity / FX pair / whatever, this is my typical process:
1. Look for current trends / patterns
2. Determine past major and immediate resistances / supports
3. If it’s in an uptrend or bullish pattern, buy near a support
4. If it’s in a downtrend or bearish pattern, short near a resistance
Am I lacking some things?
It feels like it’s too simplistic to do get by on.
What does "advanced" technical analysis entail?
thanks
Tags: commodity, current trends, few opinions, Forex, fx, resistance, resistances, stock, uptrend