Understanding Psychology-Based Technical Analysis: Dave Landry’s The Week In Charts
By Dave Landry | Dave Landry's The Week In Charts
Dave continues to discuss his methodology in action, showing a trade that just stopped out and two new mystery charts with potential. He then discussed his Landry 100 momentum list. Once again, he showed that “surprises tend to happen in the direction of the trend” and the importance of riding your winners and cutting your losses short. Shifting gears, he resumed his Mind The Trade Series. This week, he focused on the fact that the traders who bought the stock before you are a much bigger concern than the company itself. He then explained the psychology behind price-based technical analysis using this Trend Knockout setup (TKO). Finally, as usual, he covered stock and digital asset markets.