The ADX indicator by J. Welles Wilder is a wildly popular indicator. Many trading strategies like Linda Raschke’s Holy Grail and Jeff Cooper’s 5 Day Momentum Method use the ADX indicator to identify strong trends. However, day trading with the ADX indicator is not common. The reason is while the ADX indicator is good at identifying […]
Take Only The Best Day Trading Setups
Taking the best day trading setups will make you the best day trader. Many people think of day trading as moving in and out of the market rapidly, and making daily profits. That is what brokers would like you to believe, because they earn a commission for each trade you make. The reality is different. You […]
4 Types Of Basic Trade Setups
Understanding the different types of trade setups is immensely useful. It is an easy way to improve your trading performance regardless of your strategy. There are four types of basic trade setups: Continuation Reversal Range-bound Break-out Trade Setups for Trending Markets #1: Continuation Trade Setup A continuation trade setup finds a chance to join an […]
Looking For The Perfect Trading Strategy?
Are you still looking for the perfect trading setup? Are you still caught up in this endless cycle? Find a new trading strategy and trade it. Get a series of winning trades and declare that you have found the Holy Grail, the perfect trading setup. Suffer a (longer) series of losing trades using the same trading […]
3 Types of Price Charts
Prices are important in technical analysis. Let’s get to know the three standard price charts we use in technical analysis. To draw a price chart, we need to choose a time frame. Then, we need the open, high, low, and close prices of each period. For the following examples, we are using daily prices. 1. Line […]
3 Key Principles of Technical Analysis
In this article, you will learn the three fundamental principles of technical analysis. 1st Principle – Market discounts everything. Everything includes news, facts, data, emotions, and expectations. Everyone (including the fundamental analyst) ponders over each piece of information to make only one decision: to buy or to sell. This single decision affects price and volume. […]
