This short video explains the problem with technical analysis. As investors/traders, our goal is to remove emotion from our decision making. However, with a bounty of powerful indicators and tools, we quickly introduce "indicator overload" and "analysis paralysis." GoNoGo Charts® seek to capture the responsible checklist with multiple indicators but calculate the weight of the evidence in the background, so the charts remain clean, elegant and focused on price action. This is the first video in a multi-part educational series from Tyler Wood, CMT and Alex Cole, co-founders of GoNoGo Charts®.
- 00:00 Greeting
- 00:49 The Importance of Routine
- 02:53 Trend Identification
- 04:11 Donchian Channels
- 05:16 Simple Moving Average
- 06:23 Moving Average Crossover
- 07:08 Bollinger Bands
- 08:35 Volume
- 09:22 Moving Avg Convergence Divergence (MACD)
- 11:51 The Problem
- 12:43 The Solution
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