Understanding technical analysis of stocks, futures and commodities
Understanding what the chart patterns of stocks, futures and commodities are telling you (usually called Technical Analysis) a valuable tool in determining the trend of any market and assisting with entry and exit your trades.
The goal of technical analysis in the stock, futures or commodities market is to help us determine when a market is trending, and when it is not. If a stock or futures contract we want to trade is trending, then we want to be on board. If it's not, all you are going to do is lose money as you get whipsawed around day after day. This is not what we want as traders.
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