Module 6 – Trader’s Toolkit

Caution

I have included the present chapter reluctantly. There is a risk to learning the use of mechanical indicators before the student has mastered the principles taught and demonstrated in earlier lessons. Beginning traders who rely too heavily on indicators, oscillators and other such devices before they have learned to read the tape directly with skill and judgement do themselves a disservice.

I recommend that you give this chapter a cursory review, then return for a more careful study only when you have gained some proficiency in trading without these tools.