RE: Stage Analysis Beginners Questions
(2020-11-20, 09:25 AM)isatrader Wrote: I use alerts that I set in the evenings that notify me via my phone, as most breakouts happen in the first few hours of the trading day when I'm working. So I can quickly login and then check if I'm going to make the trade or not. It's all about preplanning your trades. You should know what you are looking for and the levels for the potential entry and stop loss in advance. So it's then just a matter of executing the trade if all else is correct.
I see that's right since we'd know the support and resistance levels. For example possible entry to ADBE - it's been in consolidation phase so we'd wait for the breakout above the 30 MA on high volume. Possibly the in theĀ 505 range? I agree I'll look at chart mid- morning and there's already been a breakout. cheers