
Double bottom breakouts occur where a market finds support at a previous low, and breaks back above previous resistance. In the Dow Jones hourly chart above we can see the lows that held on 10th and 17th of March; the question now is can we confirm and hold ...
Trading
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After making long sustained moves in one direction, many markets retrace a part of the move before continuing on further.
For example, if a stock increased from $5 to $10 and then slipped back 50%, this retracement would take it to $7.50 before it continued ...
There are three main types in stock markets:
There's the primary trend which is generally greater than one-year in length, and must have produced gains (or losses) of 20% or more.
Then we've got the secondary, or intermediate trend. This is typically three ...
30 minute break-out trading system (Creator: Jake Bernstein)
It reads rather like recipe:
Do not enter market for first 30 minutes.
Make note of high and low price for first 30 minutes.
After 30 minutes, buy if the ending price of the 30 minutes is greater ...
City folklore has it there are certain days on which you should and shouldn't trade. So it is we have “turnaround Tuesdays” or “trouble Thursdays”. And there's also the old adage that says you don’t sell on Mondays. You can find some support in the data, as ...
Point and figure charts like this one take no account of time - just the price. They are only scaled along the vertical price axis and only the price movement is recorded. A point and figure chart does not record anything if the price remains ...
We are now six months into the financial panic and the wild swings continue on the global stock markets. All manner of commentary continues to fixate on words such as ‘recession’, ‘credit crunch’ and ‘sub-prime’. The great speculator George Soros is the latest ...
The head and shoulders pattern occur at market tops or bottoms, and predict a trend reversal of some magnitude.
It is formed when prices reach a peak, then dip, then form a higher peak, then dip, then form a lower peak near the same level as the first peak. ...
Price
The components are obvious. You have the opening price, the high, the low and the close. All momentum indicators are just a derivativeof the price action. Do not forget - price is king. A loss is a loss, no matter what the secondary indicators are ...
They are charts that provides at-a-glance equilibrium prices for specified securities. Ichimoku translates from Japanese into English as "one look". This charting technique was created by a Japanese newspaper writer. It analyses the mid-points of historical ...
Trading
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