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.…
Technical Analysis
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…)
Candlestick Bodies and Wicks: Clues they Provide
This post will give a little more insight into what individual candles tell us. You can read more on the basics of candlesticks here. (more…)
The Rectangle Pattern
In this post I’m covering the rectangle, another popular chart pattern used in technical analysis. The rectangle (also known as a trading range or box) can be a continuation or…
The Morning and Evening Star Candlestick Patterns
In this post I will be covering the morning star and evening star candlestick patterns. Both are potent in identifying a potential reversal of price (current market trend). If you…
The Ascending and Descending Triangle
In this post I will explain the ascending and descending triangle as chart patterns being used by many traders as part of their trading arsenal. These patterns are very popular…