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 […]
3 Delicious Weekly Trading Setups
The Yum-Yum continuation pattern uses range expansion to confirm break-outs that continues the trend. Learn: Yum-Yum Continuation Pattern Traders of this pattern must buy at the top of a bull trend and sell at the bottom of a bear trend. For intrepid traders only. Yum-Yum patterns on weekly charts are opportunities to scale into an investment […]
2 Stochastic Swing Trades
Kane’s %K Hook Day Trading Strategy is a dual time-frame trading method that uses the hourly and the 5-minute time-frame for day trading. We have adapted it for swing trading by observing the weekly chart for trends and the daily chart for stochastic entries. 1. Stochastic Trade on IVZ Daily This chart shows the daily […]
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) […]
