Knowing when to be in and when to be out.
You can using ADX / DMI. Learn more with Dr. Schaap

It is not necessary to know everything about technical analysis. Using ADX/DMI gives you something very simple to know - then you practice until you can do it.

 

In this chart, Great Expectations™ GMCR, as long as there is ADX/ DMI rising, you can be long, as soon as there is a lower high of ADX or DMI, take profits. When ADX<25, simply stay out.

 

This is a Broadening Pattern formation (click to learn more), but who cares? ADX is <25, so there is nothing to do, money is not committed.

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