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3 Comments

  1. Andrej-Reply
    June 5, 2013 at 12:50 am

    Hi, Charlie,
    I noticed that your friend uses a bit different technical indicators than you are. If you have a minute, can you explain in short your logic behind using yours? I am trying to learn the best combination and both you and ….. are the professional traders that make most sense to me; I also tend to learn best from what you explain. Thank You.
    Andrej

    • Charlie Burton-Reply
      June 5, 2013 at 7:17 am

      Hi Andre,

      I tend to use a number of moving averages such as the 8,21, 50, 100,200 and 500 as they can really help with short and long term trends. They also help identify support and resistance. I use my bands for identifying trade setups and as you will have seen they work very well and finally I use the most important of all, my momentum charts to tell me where the market strength is. I will try to remember to mention this again on Friday’s update…. Charlie

  2. Clodualdo-Reply
    May 9, 2016 at 6:45 am

    Hi Charlie,

    What is this bands that you are using? How come the moving average help to identify support and resistance? Regards, Clodualdo

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