Here I have another chart for you and I will go into detail on the meaning of the different things I draw on the chart.
The small and red/green arrows are always on my charts... What do they mean?
Our main tool for chart reading/technical analysis is called "candlestick reading" and even though I don't mention much the different conventional names for the candlestick patterns, candle closure is what I use for my trades... and feelings/intuition/experience, for the most part.
Most of the time, the signals aren't strong enough or are just too early, meaning that they haven't been confirmed.
Any conventional trader would jump, go away and dismiss the chart all-together, but charts are always changing and even a confirmed signal can easily reverse and a trade go wrong... What can't be wrong is your own inner guidance, what you are feeling, your intuition is boss.
That's why some charts have not enough signals, yet I share the trade and the public has access to all the results.
What I mean is that I get it right more often by following my heart that any conventional practice that I read while I was studying to learn how this all works.
My main suggestion for you, if you are a beginner trader... Follow your heart, don't second guess yourself, practice and base your strategy/system on your own results.
Don't let anybody tell you how it works... Get the results you want and if you have them, you know that your system is valid... YOUR STRATEGY IS NOW WORTH GOLD!
Umm I don't think that is very good advice at all. U need to remove all emotions from yourself while you are trading if you want to remain consistent and profitable the way markets move in an ebb and flow manner driven by individuals fear and greed. You should be telling people that before they even take a trade that they should have a level or zone marked out before you place the trade.