What you want to "know" is about "trading." But you didn't even include the term. Learn about trading and proper trading strategy, and you must accommodate many techniques. What works best for you within a specific risk and time frame, may not work best for me. You must do something to test your plan on a simulator, then work from the probabilities. At best, you'll still be wrong about half of the time. So money management "technique" is a major part of the plan.
But this isn't a teaching site; no can do in this little box.
What is it you don't understand? What's your question? One at a time. But keep in mind, you cannot possibly "know" anything about future price, no matter what "technique."
Here are the secret "tips" you want to "know" about "Trading."
Against the Gods: The Remarkable Story of Risk: by Peter L. Bernstein
The Mathematics of Money Management: Risk Analysis Techniques for Traders: by Ralph Vince
New Market Timing Techniques: Innovative Studies in Market Rhythm & Price Exhaustion: by Thomas R. DeMark
The New Science of Technical Analysis: by Thomas R. DeMark
The Education of a Speculator: by Victor Niederhoffer
Schwager, Jack - Stock Market Wizards
Douglas, Mark - Trading in the Zone
Nassar, David – Rules of the Trade
Stocks for the Long Run, by Jeremy Siegel
Bulls Make Money, Bears Make Money, Pigs Get Slaughtered, by Gallea
Trading for a Living, by Alexander Elder
From Riches to Rags, by I.C. Freeley
Millionaire Traders, Lein & Schlosberg
Options as a Strategic Investment by Lawrence G. McMillan
You can get all of these books at your local library through the Interlibrary Loan system for free.
Using charts (and other simple technical indicators) to time your trades better, spot price trends, estimate the distance a new price thrust will travel, locate logic points for buy and sell stops, and identify potential trend reversal points. Get Mcx trading tips from profit.biz
