In this article, we will explore the intricacies of financial decision-making and how to protect your investments in the stock market. We’ll delve into various heuristics and cognitive biases that...
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How to use Technical Analysis
16/10/2023
In this last post of the basic technical analysis series, we will discuss how to use this ancient and efficient technique. Now that you understand what technical analysis is and what it really means, let’s see how to use it properly. What I’m going to tell you is my view about it, the way I see technical analysis and how I trade and invest. I use the “classic technical analysis”, and rarely use indicators of any kind, unlike the “modern technical analysis”. I know the most of them, and in my first trading years I did use some indicators, like RSI and OBV, but now, my chart is naked – just candles and volume, and sometimes I use an Exponential Moving Average (ema) and do a Fibonacci Retracement, but that’s all. And I have a reason for that. Every indicator must use at least one of two possible variables –
