When i was introduce to technical analysis a year ago, the first indicator that caught my attention is the
Moving Averages. Simple and easy to use but many a time fail me badly.
They always said when all moving averages are curled or curved up, the stock/etf/index/currency pair are in uptrend.
The stronger the curl the stronger the uptrend.
"One thing they NEVER tell me is when Moving Averages are too far apart compare to initial entry, it's time to cash out."
Since this important piece of information was not explained out loud, i have to experienced it painfully for my first trade which i bought at the "wild parties" shown.
This chart remind me of my virgin loss trade which i like to share here for new investors/traders.
P.S. RSI bearish divergence already gave a warning
Moving Averages. Simple and easy to use but many a time fail me badly.
They always said when all moving averages are curled or curved up, the stock/etf/index/currency pair are in uptrend.
The stronger the curl the stronger the uptrend.
"One thing they NEVER tell me is when Moving Averages are too far apart compare to initial entry, it's time to cash out."
Since this important piece of information was not explained out loud, i have to experienced it painfully for my first trade which i bought at the "wild parties" shown.
This chart remind me of my virgin loss trade which i like to share here for new investors/traders.
P.S. RSI bearish divergence already gave a warning