[Tips] Simple But Effective Technical Analysis Tips
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Hey everyone! I wanted to drop some no-nonsense TA tips that have really leveled up my trading. These are easy to remember and actually work. Feel free to add your own tweaks!
1. Start with the Trend
- Always check a higher timeframe (4H or Daily) first.
- Trade only in the direction of that trend on your execution chart (1H/15m).
2. Draw Clean Trendlines
- Connect at least two swing highs (downtrend) or two swing lows (uptrend).
- Extend the line forward—wait for price to respect it twice before trusting it.
3. Use a Single Moving Average Filter
- Add a 50-period EMA to your chart.
- Bias longs only when price is above the 50 EMA; shorts when it’s below.
4. Measure Volatility with ATR
- Use ATR(14) to size your stops.
- A good rule: SL = 1.5 × ATR from your entry point.
5. Look for Confluence
- Entry zones are stronger when multiple elements align:
- Trendline touch
- Moving-average support/resistance
- A Fibonacci retracement level
6. Wait for a Confirming Candle
- Don’t chase wicks—enter only after a full candle closes beyond your level.
- Bullish engulfing or pin-bars are great confirmation patterns.
7. Keep Position Size Conservative
- Risk no more than 1–2% of your account per trade.
- That way one loss won’t derail your month.
8. Journal Every Trade
- Note date, pair, timeframe, setup, entry/exit, outcome and lesson learned.
- Review weekly to spot strengths and weaknesses.
Give these a try on your next session—consistency beats complexity!
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C CryptoKas pinned this topic
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Love this! Tip #4 on ATR-based stops saved me from a bunch of false breakouts last week
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Great starter pack! I’d also add: use volume profile when possible. High-volume nodes make killer support/resistance zones.