What are the tools that I used in trading effectively?

Well, usually trading a stock is like having a proper plan to execute it so that we will minimize loss and ride on profit.. It is easy to say that done but these are very important in order to have success trades.

Well, below are the items that  I used in my trading and the very first is definitely the most important out of others as you should over come this first before you can do trading!

1) Emotions. Always stick to plan that you are executing and not being too emotion when things don't turn your way!

2) Fibonacci Retracement. Important levels to gauge support/resistance level as when it is bouncing back from the support or hitting resistance soon.

3) Trendlines. Trendlines another way to gauge support/resistance.

4) Trend Following. "Trend is your friend". I believe everyone has heard this many times, but it is really art to do this which to look for pullbacks within trend.

5) EMA 10days and 50days. This is another good gauge to pre-empt the movement of the stocks.

6) ADX. Another important tools to go with EMA 10days/50days to gauge the strength of movement of a stock.

7) Volume. How big/small volume together with japanese candlesticks can observe the way the stock will go.

8) Last, but not least.. Japanese Candlesticks.. With all the above applied on a chart, we will look out for this last one to complete how you want to trade a stock be it uptrend or downtrend.

Star-Trader