With the dozens of trading indicators out there, it is a Herculean task to read and learn about them one by one. It’s more efficient to go ahead and get started with chart analysis using a few simple but practical indicators. After grasping the basic concepts and indicators, you can easily pick up more indicators […]
Archives for 2021
Swing Trading with Trend Lines
The trend line is one of the most powerful tools for technical traders. If you are not already drawing trend lines, you have an excellent opportunity to add value to your market analysis with this simple tool. But first, what makes a trend line effective? The effectiveness of the deceptively simple trend line comes from […]
Trading Candlestick Patterns With Relative Strength Index (RSI)
In Steve Nison’s well-known work, Japanese Candlestick Charting Techniques, he included a section on using candlesticks with oscillators including stochastics, RSI, and moving average oscillator. Crucially, he observed that oscillators are objective and augment the more subjective candlestick patterns. This review will focus on trading candlestick patterns with Welles Wilder’s Relative Strength Index (RSI). This popular […]
5 Ways To Find Support and Resistance With Price Action and Volume
Want to improve your trading performance? Reliable trading tactics start with finding reliable support and resistance. These critical zones map out the areas where supply overwhelm demand and vice versa. Hence, they are valuable for spotting new trades and for taking profits. Finding reliable support and resistance is a crucial ability of a professional trader. […]
65 Resources for Learning How to Trade for a Living
Trading for a living is one of the loftiest goals of anyone who enjoys analyzing the markets. For someone who likes to study the markets, there’s nothing better than being able to trade for a living. Your trading education plays a big part in shaping your success. Will you be a thriving trader living off […]
Improved Three Bar Pullback Pattern
Trading pullbacks are very popular among price action traders. However, while pullback trading is a simple concept, you’ll find many different strategies due to the myriad ways to qualify trends and pullbacks. This article will examine one of the simplest methods to identify a pullback using only price action: the three-bar pullback. In the Futures […]
