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 […]
On-Balance Volume Trading Strategy For Fading Dumb Money
What’s the second most important market data after price? One of the key tenet of Dow Theory is that volume confirms the trend. Volume increases when the market moves along with the true market trend. Volume decreases when the market is moving against the trend. Joseph Granville recognized how important volume is for confirming trends and […]
Camelback Trading Technique
The Camelback trading technique comes from Joe Ross’ trading manual. Its uses a moving average channel and an exponential moving average to keep traders on the right side of the market. Trading Rules – Camelback Trading Technique Long Trading Strategy Price is above the 40-period moving average of bar highs Slope of 15-period exponential moving average […]
Day Trading Forex With Ichimoku Kinko Hyo
Ichimoku Kinko Hyo (Ichimoku) by Goichi Hosoda is a unique trading method that combines several trend-following indicators. In this review, we apply the Ichimoku trading strategy on the forex markets for day trading. To trade with Ichimoku, we need learn some Japanese. Tenkan Sen (Turning Line) – Average of the highest high and the lowest low […]
Kane’s Stochastic %K Hooks Day Trading Strategy
In Day Trading Systems and Methods, Charles Lebeau, the pioneer of Chandelier exit, introduced this S&P day trading strategy from Steve Kane. It uses price action at a higher time-frame to find the trend. Then, it uses %K in the stochastic indicator to find a trade entry along with the trend. Trading Rules – Kane’s […]
The Secret To Using ADX Indicator
You can sum up the secret to using ADX indicator in a single word: SLOPE. Most traders learn that ADX is a robust system that tells you if the market is trending. The typical interpretation is that if ADX is above 25, the market is trending. If ADX is below 25, the market is meandering […]
