Tung Dang T

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Start by finding a niche and specializing. Pick one market or pattern and learn it inside out before expanding your focus. My favorite exercise for novice traders is pick one market only. Without looking at an intraday chart, jot down the price every five minutes from the opening to the close. Do this for an entire week. Be in tune to the patterns. Where are the support and resistance levels? How does price act when it hits these levels? What happens during the last half-hour? How long does each intraday price move last?
The New Market Wizards: Conversations with America's Top Traders
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