A prepared trader is a profitable trader, and Sunday is a great day to get ready for the week ahead by studying up from last week’s price action. This weekend, we take a look at how the charts look for SPY, QQQ, and XBI into the short holiday week! As we take a look at the Fibonacci levels on these charts, check out our recently published blog post about who Fibonacci was and how he came up with these levels! Click here to read the full story! Continue reading Sunday Update for Week of November 19th – SPY, QQQ, XBI Chart Updates
There are many indicators and methods used by traders all over the world, but few are used more often than those based upon Fibonacci numbers. From forex traders to institutions, Fibonacci is a mainstay of market analysis, and an important tool when trading or investing in stocks.
As with any tool we use though, it is very important to understand what it is, what it does, and how to use it in trades before ever adding it to your trading strategy.
Every Thursday, we perform an analysis of three tickers that are looking interesting into the end of the trading week. It is important to always remember using multiple time frames is the best approach to seeing the entire picture and in these videos, we use the daily and weekly time frames. Take a look to see how the broad markets are forming into the last trading day of the week! Continue reading TrendSpider Thursday Analysis: Broad Markets
As TrendSpider’s main focus is being a charting platform, we also actively share chart setups and ideas every day on our social media accounts! As with anything, nothing is close to being 100% in the markets and all traders should do their own due diligence before trading anything they are interested in. For that reason, the point of this post is to not have traders blindly follow us on social media but to have users understand some of the logic that was behind our reasoning for the post and direction we thought the stock may go. There are plenty of charts that did not go as our post expected but for this particular blog, we focus on explaining the logic for these correct moves. Below are some timestamps we have captured over the last few months!
This guest post was adapted from a private, members-only update that Trader Stewie from the Art of Trading shared with his subscribers. This is his perspective on using the “rising wedge” setup to profit from downward moves in price.
For those of you who are new to Trader Stewie, he has been trading for since 1998 and has a well-earned reputation for being a foremost expert technical analyst. In addition to running the Art of Trading, he also writes a blog called The Impatient Trader and is a prolific Twitter user. When Stewie isn’t trading, he can usually be found in the kitchen cooking up something delicious looking!