Technical Concept: Support broken becomes Resistance (Red Arrows= Resistance) (Blue Arrows= Support) I not use sophisticated Technical jargon in an attempt to "Persuade" and "Impress" the reader because I not a Charlatan I do not use fancy Charts plenty of Indicators, Oscillators, and other stuff, all in a stock chart in an attempt to "Impress" the reader with my knowledge because I not a Tutor or Mentor. I am not either a Business man, Engineer, Doctor, Inventor or Innovator; this requires different skills and personalities
Who I am? I am End of Day Analyst and Stock Picker, I support myself in Charts, but I not self-proclaimed Technical Analyst Expert I do not fall into the mistake of comparing and affirm that Technical Analysis is better than Fundamental Analysis . I am a person without Higher Education, and not have Math Skills. I am a right brain oriented person and I focus in my strengths, for this reason I use Charts and I no try to become a Quantitative Trader, since it is a lost cause, in my case. I dedicated 10 lonely years of deliberate practice and in this process, I eliminated all kind of thoughts. I open and reset a lot of Demo Accounts for this purpose I tried and practice with different Markets (Forex, Options and Stocks) with different Time Frames (Intraday, Scalping, Swing/Position). I tried Mechanical Trading too, But definitely I am Discretionary Analyst or Qualitative, It took me years to know it, and a lot of books. I've learned by myself, but I do not think I'm smarter than others, “Ego is a sin”
What I do? I pick Stocks manually I watch one by one without the use of a Stock Screener I follow approximately 1300 to 1400 Stocks , with different market cap I have no preference for a particular industry I follow 10 Industries even Public Utilities I do not follow Penny Stocks and Over-The-Counter stocks I not follow Stocks with an Avg_Volume bellow 100,000 with (Low Liquidity) I use a simple method based in Support and Resistance , accompanied with moving averages, and I do a Top down Analysis with multiple time frames My first view of a Stock is a 10 year Weekly Chart, Then I do a zoom in and I focus in the action of the last 2 or 4 Years, I look my Daily Chart and 4-Hrs Chart too I understand the concept of Short Selling and spend hours searching this kind of patterns including the weekends.
What I can do for you? I can put ideas in the desk of Professional Traders, the ideas are based in Price Patterns + Price Action, and they can trade with your own system or set up My ideas are not influenced by the media or my neighbors,
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