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Using Pivot Points In FX
Trading requires reference points (support and resistance), which are used to determine when to enter the market, place stops and take profits. However, many beginning traders divert too much attention to.... |
Confirm Forex Momentum With Heikin Ashi
Investors and speculators are always looking for an edge in determining the strength and direction of trends. The Heikin Ashi application is one tool that may be able to provide this edge. Similar to the Ichimoku charts, the Heikin Ashi has been a relatively unknown tool that has recently seen a rise in popularity, even though it has been accessible since its introduction almost two decades ago. |
Moving Average Explosions
Moving averages may seem boring compared to other technical indicators, but there is more than meets the eye when it comes to this simple tool. Not only are moving averages used as directional indicators in the forex market... |
The Art of Candlestick Charting
The candlestick techniques we use today originated in the style of technical charting used by the Japanese for over 100 years before the West developed the bar and point-and-figure analysis systems. In the 1700s a Japanese man named Homma, a trader in the... |
Candlestick Charting - continuation patterns
In the world of Japanese candlesticks, there are a number of bullish and bearish continuation patterns. With a short list on the bullish side of the market, a chartist would look for the following patterns... |
Candlestick Charting - confirm or deny trends
This article focuses on continuation patterns and how they could deny or confirm trends in today's markets, giving the investor a clearer picture of whether or not to hold his or her position or execute a buy/sell order. |
Ascending Triangle
A bullish chart pattern used in technical analysis that is easily recognizable by the distinct shape created by two trendlines. In an ascending triangle, one trendline is drawn horizontally at a level that has historically prevented the price from heading higher... |
Descending Triangle
A bearish chart pattern used in technical analysis that is created by drawing one trendline that connects a series of lower highs and a second trendline that has historically proven to be a strong level of support. Traders watch for a move below support, as it suggests that downward... |
Double Top
A term used in technical analysis to describe the rise of a stock, a drop, another rise to the same level as the original rise, and finally another drop. |
Trading Double Tops and Double Bottoms
No chart pattern is more common in trading than the double bottom or double top. In fact this pattern appears so often that it alone may serve as proof positive that price action is not as wildly random as many academics claim. Price charts simply express trader sentiment and double tops and double bottoms represent a re-testing of temporary extremes. If prices were truly random, why do they pause so frequently at just those points? To traders the answer is that many participants are making their stand at those clearly demarcated levels. |
The Basics Of Bollinger Bands
John Bollinger, a long-time technician of the markets developed the technique of using moving averages with two trading bands, not unlike using envelopes on either side of a moving average. Unlike using a percentage calculation from a normal moving average, Bollinger Bands simply add and subtract a standard deviation calculation. |
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