The Average Directional Index (ADX)
The Average Directional Index (ADX) was created by J. Welles Wilder, and is explained fully in his book, New Concepts in Technical Trading Systems. I suggest that if you haven’t…
Technical Analysis
The Directional Movement Index (DMI)
The Directional Movement Indicator (DMI) was created by J. Welles Wilder, and is explained fully in his book, New Concepts in Technical Trading Systems. I delve into this indicator in…
Bollinger Bands
This post introduces Bollinger Bands, a very popular trading indicator. Please read on. (more…)
The Harami Candlestick Pattern
This post will cover the bullish and bearish harami candlestick pattern. Before I start, if you are new to candlesticks and want an introduction, you can start here. (more…)
Tight Stops or Wide Stops?
I can’t decide for you (the trader) on how tight or wide your stops must be, but I can explain how they (tight or wide stops) will affect your trading.…
The Relative Strength Index (RSI)
The Relative Strength Indicator (RSI) is a technical indicator that was created by J. Welles Wilder and is explained fully in his book, New Concepts in Technical Trading Systems. (more…)
Flags and Pennants
Flags and pennants are very popular short term, continuation chart patterns. They are very reliable and many traders trade them exclusively with great success. If you’re interested, please read on.…
Moving Averages
One of the most common indicators used in technical analysis is the moving average. (more…)