" Steps for a simple trading in the Stock Exchange of New York "
1- To identify the trend of the stock (bullish, bear market or in range).
2- To draw your lines of supports and resistances, for Day Trading in candles of 1 min (entry) and 5 minutes(confirmation),
and Swing Trading 15 minutes and 1 day.
3- To draw formations (channels, flags, Triangles, Cups , shoulder head shoulder).
4- To identify possible breaking of the formations.
5- To watch the Volume.
6- To watch the RSI(Relative Strength Index) To know whether the share is overbought (80) or oversold(20).
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