About 90% of the advice here, including what im about to say is probably and most likely useless because no two traders are alike, and some of this "advice" is givin by people who dont, and cant trade. But i'm going to say it anyway. ...one word. Fibonacci. It works. period. why? look at the fact that: 1. Markets dont move in straight lines 2. Price will ALWAYS pullback at some point 3. This is true for ANY market 4. Many many many people look at these levels A lot of people talk shit about fibs because they relate them to Elliot wave, which are nothing alike, and can be used without EW, which is what most fib traders like myself do. Give me a stock, and i'll tell you how to trade it, for your time frame. heres a trade I took on FSLR. I made 16.2 points on that trade. If you ever wanted to know what they ment by "buy low, and sell high"..this is how they do it.
this is one of the most courteous and helpful threads ive come across in a long while. thanks to everyone involved.
Whatever you do don't listen to Mandelbrothelset, the guy knows everything there's to know about trading & trades as well as an iron does in swimming.