Introducing Don's "T R A D E - M A P" Approach: Part 5 Of 5, MO
Part 5 of 5. The above chart is for 15 minute time intervals. As indicated on the hour chart in Part 4, Altria Group will probably consolidate for a short while. This is healthy. In the past five charts we have explained a disciplined approach to the anatomy of a trade. TRY AND REMEMBER, Don't trade on emotion, trade on analysis.
DON'S RULE: "The markets are forever a humbling experience".
Sometimes you can do your homework and still have the market turn against you. It could be a news induced event, an oil shock, a political blunder.
If you construct a series of technical tools that work, stick with them. It is indeed a bold thing to trade.
And last, but not least, use your own personal "TRADE-MAP" approach. Stick with it. "TRADE-MAP" means to me:
TRADE = 1. T : Time and space (Fractals); 2. R : Repeating Cycles; 3. A : Advancing Trend; 4. D : Declining Trend; 5. E : Energy in Phase Forces.
.....MAP = 6. M : Momentum and Velocity; 7. A : Analysis of Structure; 8. P : Price Performance.
There you have it: Don's personal "TRADE-MAP".
I hope this has been helpful, entertaining, and informative. May all of your trades go well. Don.
DON'S RULE: "The markets are forever a humbling experience".
Sometimes you can do your homework and still have the market turn against you. It could be a news induced event, an oil shock, a political blunder.
If you construct a series of technical tools that work, stick with them. It is indeed a bold thing to trade.
And last, but not least, use your own personal "TRADE-MAP" approach. Stick with it. "TRADE-MAP" means to me:
TRADE = 1. T : Time and space (Fractals); 2. R : Repeating Cycles; 3. A : Advancing Trend; 4. D : Declining Trend; 5. E : Energy in Phase Forces.
.....MAP = 6. M : Momentum and Velocity; 7. A : Analysis of Structure; 8. P : Price Performance.
There you have it: Don's personal "TRADE-MAP".
I hope this has been helpful, entertaining, and informative. May all of your trades go well. Don.