Bar-by-bar analysis is the hardest part of price action trading. Traders have even devised methods to make it easier – ranging from bar patterns to checklists. Whatever method you use, these examples will make you re-think how you look at price action. Why? Because they show that price action is a discretionary skill, and there is no […]
3 Moving Average Fake-Out Trade Setups On Weeklies
The Moving Average Fake-Out uses three moving averages to confirm established trends and provides a reliable way to join the path of least resistance. Learn: Moving Average Fake-Out These three stocks have risen steadily in their weekly charts. The color of the moving averages in the charts below changes according to their slope. The look-back […]
On-Balance Volume (OBV) Analysis of Major ETFs
The on-balance volume (OBV) is an excellent tool for trend analysis. We are applying it on five major exchange-traded funds (ETFs). These ETFs tracks broad asset classes and have reliable volume data, making them ideal candidates for OBV analysis. ETF Primer: Exchange-Traded Funds For Dummies The chart setup is the same for all five ETFs […]
9/30 Trading Setups on AET & OMC
The 9/30 trading setup is one of the most popular trading setups we have reviewed. Read: 9/30 Trading Setup These two setups are the conservative version of the strategy which requires the setup bar to move completely below the 9-period exponential moving average. 1. 9/30 Trade Setup on AET The daily chart of Aetna Inc (AET) […]
3 Holy Grail Trades
The Holy Grail trading strategy finds pullbacks in trending markets for swing trades. Learn more: Holy Grail Trading Setup 1. Holy Grail Trade on WMB Daily The Williams Companies (WMB) just broke out of a trading range and is presenting a long Holy Grail trade. ADX is above 30 and has risen. Price confirms the […]
