TECHNICAL ANALYSIS : This second type of analysis is the one we use to develop our trading system revealed in this book. Too many people think technical analysis is about recognizing patterns and candle formations but the true is that it is really about understanding the sychology of money flows and making informed timing decisions eith an emphasis on risk management. One thing that is very important to say is that each person builds their own personal trading system, some systems that work for others will not work on you. What we want you to do after reading this ebook is to give you a “template” to build your own system based in supply and demand and price action. HOW TO UNDERSTAND CHART STYLES Graphic line On each session closing price is indicated on a graph. It is worth mentioning that according to temporality, the graphics update will be different. In a temporality of 4 hours, the graphic will be updated every 4 hours, while in one day, it will be updated once a day. This type of graph is helpful to easily find key points. In the following chapters, we show you how.
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