Chat With Traders

006: Tim Walker – Using Technical Analysis and the Methods of Gann to Takeout Big Moves

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Feb 5, 2015
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ANECDOTE

First Trade Failure Lesson

  • Tim Walker's first trade was a losing short sell on BHP, which contradicted beginner rules.
  • This taught him that trading is more complex than basic beginner advice suggests.
ADVICE

Focus on Market's Bigger Picture

  • Learn to see the market's bigger context before trading to avoid randomly guessing.
  • Zoom out to weekly or monthly charts to distinguish bull or bear markets for directional bias.
ANECDOTE

Favorite Trade Confirmed Success

  • Tim's favorite trade was a double bottom setup in Coalsmire that coincided with a takeover rumor.
  • This lucky event confirmed to him that applying proper study and rules can lead to success.
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