ABCD pattern is a common price pattern used by lots of people out there and whats important they usually claim to have fair results with this strategy when combined with couple other things. Well, there is only one way to figure out the truth, isnt it.
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06OctDaytrading, Price Patterns Comments Off
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02OctFibonacci, Fractals and Geometry Comments Off
Getting back to methods based on fibonacci sequence. Most common thing you want to do with this tool is look for retracements and expansions from important swings. The more clusters come at about the same level the greater the probability is that this is going to hold and bounce the price back.
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27SepW.D Gann, number theories Comments Off
I mentioned it before when writing some about Gann and related stuff. There are so many different aproaches to this subject that its really dangerous to try trading it. So, really, be carefull what you are doing whe trying to figure out these mysteries like Gann. Here you have a beginning lesson on how you might exploit some of the ideas written by Gann and UNDERSTOOD by someone who thinks he knows what he actually talks about. Right, enjoy.
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27SepFibonacci, Fractals and Geometry Comments Off
Beside that strange accent this guy has some interesting stuff in his videos. Especially when its about geometry, fibo and… for the first time on my blog WOLFE WAVES. I hope there will be more stuff about it later but here you can see some basic stuff about it and how to apply it with other geometry methods in trading.
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23SepPrice Action Comments Off
Every child knows this “Trend is your friend” golden sentence. But there is this second part of that quote which is not that popular so here it goes as it should be: Trend is your friend, UNTIL IT ENDS lol Right but before you start to think about countertrend trades and catching falling knives with bare hands maybe its good to know how to act when there is actually a trend going on. So here you go with a simple video about how to act in trending market and use this greed factor to feed your account with some more $$$.
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23SepIndicators Comments Off
After MACD and RSI, most common indicator/oscillator is probably Stochastic. To tell you the truth I was using this indicator for about three years and it was the last one I got rid of my charts. Still I have a sentiment to this tiny and simple formula. Anyway here is a video about some general stochastic methods, how to read it and what to do with it.
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21SepCandlesticks and other chart types Comments Off
As one can expect there are many kinds of graphical representations of market data. I showed you candlesticks before and certainly I am going to get back to it soon but before this here goes point and figure type of chart. The idea behind it is to filter the noise in consolidation areas and make the chart more clear. There are many methods of using this kind of charts so here is the general description of chart itself.
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21SepW.D Gann, number theories Comments Off
I hope every trader have seen “Pi” the movie. If not, do this now, personaly I think its one of the best films related to trading and not only. Anyway I digged this short discussion about the numbers. What can I say more, enjoy! Then maybe think about this for a second befor monday and charts and indicators, trendlines and other stuff will bring you down on earth.
Here you go with Pi trailer, highly recommended!!!
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21SepFibonacci, Fractals and Geometry Comments Off
If you think about the market as a part of a larger phenomen it would be logical to look for some connections and corelations between these pieces. And if one go this path there is no limitations in sense of science you use to research plants, animals, societies and market itself… why? Because some say that all of those parts are based on the same idea or laws. See this video and watch how nature simply repeats its own parts… well, maybe in mathematical sense.
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21SepIndicators Comments Off
Beside MACD and maybe stochs, there is couple more very popular indicators. One of them is definitly RSI (relative strength index) used by many many traders. Like with other stuff including indicators the trick is to use it correctly and in combination with other tools. In this video you will fing quit nice set of explanation and rules on how to deal with RSI indicator.
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