Support and resistance are one of the most basic forms of technical analysis. Like many other tools of the trade, being basic does not make it simple. Identifying and using support and resistance, S/R, successfully as part of your daily trading routine takes time and practice. I am here today to help you gain an […]
As you may know, I really like Fibonacci Retracements. They are a fantastic tool for technical analysis with many uses and applications. Basically, FR’s are target areas for support and resistance based on ancient mathematical relationships found in nature. At heart is the Golden Ratio, which can be found between all living things such as […]
Historical charts, or just charts, are the means by which we do what we do. Trade. Charts of historical price action are incredibly valuable and there is no question of there importance to technical analysis. However, there is widespread debate over the importance of using historical data to back test and its reliability on future […]
If you are looking for an article about trading techniques or tactics this is not it. This is an article unveiling many of the truths, or half truths, surrounding the binary options industry. Am I talking about scams, affiliate marketers, tipsters or gurus? No, I am talking about the industry itself, where it came from, […]
I began a discussion on when to use bearish positions in an earlier article. In that piece I focused on trading ranges and the use of oscillators like MACD, stochastic or RSI. Trading ranges, or the limits of those ranges, present high probability target areas in which signals can be taken, both bullish and bearish. […]
What do I mean? Trading bear positions as well as trading bull positions. I know that I, and I suspect many newbies and advanced traders as well, started out learning to trade bull positions. It is easier and only natural as the tendency in trading and stock ownership is to buy low and then sell […]
This is an introduction into one form of MACD wave analysis and how I use it for short term trading. MACD is a well known indicator of market momentum and one that can be used in a wide variety of ways. For now I will focus on one general method that I use on a […]
Convergences are a powerful indicator for traders of all varieties. Convergences, as the name suggests, are when two or more indicators or other analysis devices are leading you down the same path. Imagine a stream flowing down a valley. It meanders along on its own, following the trend of elevation until it joins, or converges, […]
Interpreting signals and indicators is the heart, soul and life of a technical analyst and day trader. The signals are how we make our bread and butter. The thing is, the signals are cold and heartless. They do not wave a flag saying “hey, trade me! I’m the best!”. You have to be able to […]
Day Wave trading, or more accurately day to day wave trading, is a short term trading method I have developed utilizing Fibonacci Retracements. For those of you who don’t know Fibonacci Retracements, or FR’s, are a method of predicting and projecting potential areas of support and resistance on a chart of asset prices. The levels, […]