What is the most common technical indicator? (Hint: Even fundamental analysts place this indicator on their charts.) The moving average is the most common technical indicator. Why? It is simple. It is versatile. It adds value, if you know its limitations. In this trading guide, you will learn how to use this simple indicator to increase […]
4 Price Action Methods to Define the Intraday Trend: Part I
For all traders, the trend is the big picture. It is the rising tide that lifts all. For day traders, the intraday trend makes the difference between a session of windfall profits and one of major losses. By trading along with the intraday trend, we are following the path of least resistance to day trading […]
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 […]
Trading with Kings, Truth, and Bollinger Bands
If you skim through Elaine Knuth’s Trading Between the Lines: Pattern Recognition and Visualization of Markets, you might mistake it for a book on archaeology and meteorology, with a dose of mythology. On a closer look, it is a colorful description of trading methods. The Valley of the Kings and Place of Truth are Egyptian […]
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) […]
Moving Average Fake-Out On CMCSA Daily
CMCSA Big Picture – Moving Average Fake-Out This is a daily chart of CMCSA (Comcast). It has been in a strong upwards trend for a long period. Price got into deeper pullbacks as accumulation took place. The steeper trend lines show that trend accelerated after the deep pullbacks. CMCSA Small Picture – Moving Average Fake-Out This […]
