A technical analysis, therefore, looks at the history of a security or commodity's trading pattern rather than external drivers such as economic, fundamental and news events.
Retail day traders, specifically those who manage their own rather than somebody else's money, have another rule their stop losses must comply with. They set a maximum loss per day that can withstand financially and mentally. That's a day traders strategy.
The swing trader strategy shows the different things. Loss and gain, based on the movement of the indicator only, it will move up or down, the price will follow.
This trading method using 1 indicator (buy and sell). You only see the movement of the indicator, if the buy indicator is almost touching the target, buy immediately and sell when the sell indicator has started to move down.
Profit and loss become more measurable, as seen on the screenshot.
This Indicator has been tested for accuracy such as on :
ASR; AGI; BTO; BTE; BIR; CR; ELD; ECN; FVI;
"HOW TO CREATE TRADING PLAN"
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