My trading method is based a sound foundation (balanced risk and sound money management) and a mix of fundamental analysis and observing price action.
I use a few crude chart indicators: your handy trend line, the ever reliable support and resistance line, an SMA 50, and fib retracements. I do not rely on these indicators to make me any money. They do help me locate where price is likely to bounce, bob, flip, turn, and do all sorts of unexpected exciting things!
Right now I risk 1% on near term trades (couple weeks to a month), and I'll risk more if the reward justifies it, but never more than 2%.
I use a few crude chart indicators: your handy trend line, the ever reliable support and resistance line, an SMA 50, and fib retracements. I do not rely on these indicators to make me any money. They do help me locate where price is likely to bounce, bob, flip, turn, and do all sorts of unexpected exciting things!
Right now I risk 1% on near term trades (couple weeks to a month), and I'll risk more if the reward justifies it, but never more than 2%.