One of the most common problems traders face when reading technical charts is determining the right profit-taking and stop-loss points. The market ‘noise’ caused due to short-term volatility most often triggers a panic response, due to which traders exit the trade prematurely. By cutting out of winning trades early, they are not able to make the most of the opportunity, and capitalize on a potentially larger return.
Wouldn’t it be great if the technical chart could filter the market noise caused due to price fluctuations allowing you to make optimal trading decisions?