When you see sideways price action in a meandering market, what goes on in your mind? Is it danger, opportunity, or a blank? Let’s see if we can avoid the blank and put every congestion pattern to good use with these three practical uses of price congestion. Instead of giving useless labels to sideways price […]
Archives for August 2015
4 Trading Myths About The Moving Average
The moving average is a common trading indicator. Traders both use and misuse them. At times, they even abuse them. The result is a myriad of trading myths surrounding the topic of moving average. Let’s dispel four major myths about moving averages here. #1: The more moving averages, the better. Remember the rule of diminishing returns. […]
