If you are looking more towards a price action trading, then definitely the stocks that I will put in my watch list are definitely those that I can very quickly and easily see where are the major trend line, trend channels, the horizontal support resistance level or the support resistance or vice versa, reversal points where those levels are. If I’m not able to see those lines or draw those lines very easily, then I, usually, I would not want to keep it in my watch list. Or even if it’s in my watch list, I probably wouldn’t trade it.

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Philip Teo

Founder & CEO at Traderwave Pte Ltd
Philip Teo is an entrepreneur, speaker and trading coach who specialises in the field of Technical Analysis of the financial markets. He is currently the Founder and CEO of Traderwave Pte Ltd, a financial technology company that offers a web charting application to global traders. He has conducted many trading seminars and appeared on national television before. He is also currently an official speaker and trainer with SGX Academy. Learn more about him at his Google+ Profile, LinkedIn Profile and Facebook Profile

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