Analyzing Different Stock Trading Patterns – TrendSpider Blog

When the average person thinks of stock trading, they think of someone running around the New York Stock exchange with paper flying all around them. While this used to be somewhat true back before computers took over, it does not describe the entire picture and there is a lot more that goes on behind the scenes. In this blog post, we look at some of the main technical patterns traders look for when trying to look at what to buy and how these influence their decision making.

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TrendSpider Strategy Guide: Trading Trendlines with Moving Average Confirmations

One of the main things to remember when trading is that using an approach which utilizes multiple confirmation signals is generally the best way to go for statistical significance purposes (the more confirmations, the less chance of a false signal). One of the most popular ways to find confirmations on the chart is through moving average signals that occur when two moving averages cross either to the upside or downside (the shorter term moving average creates the cross). These signals are important for a number of reasons and will be explored more in the following sections.  We will also explore one of TrendSpider’s most valuable features which help traders use their time more efficiently when the market is open.

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Trading the Bollinger Bands: How to use multiple Time frames

When it comes to technical trading, few people have an impact big enough for their name to become part of the lexicon of the industry, but John Bollinger is one such person. A long-time market technician, John Bollinger started looking at new ways of determining trading bands, that is areas of support and resistance, through adaptation of moving averages in the early 1980s. Information was hard to find in those pre-internet days, but using a basic microcomputer, John began developing his own approach. Continue reading Trading the Bollinger Bands: How to use multiple Time frames

Penny Stock Alerts: A Cautious Look

If you’re a trader with an email address, especially if you have signed up to any alert mailing lists, you have likely seen endless services advertising penny stock alerts. They all make claims of amazing profits and minimal risks, but is penny stock trading really the holy grail you have been looking for? Well, penny stocks are not a holy grail, but they can provide many great lessons on how to deal with greed and a consistent system of taking profits and minimizing losses. The first thing to learn before anything though is the fact that there are many penny stock alert scams around and you really need to be careful when looking for a way into this kind of trading. The question is, how can you tell if penny stock alerts are real or just another scam? We are going to show you how to avoid the scams and make the most of the penny stock opportunity. Continue reading Penny Stock Alerts: A Cautious Look

Trading Candlestick Patterns 101: Introduction and Common Candlesticks & Patterns

Whether you are new to trading or not, you have probably seen those stock photos of someone sitting in front of a screen full of charts that accompany every article about trading. But have you ever looked at those charts and wondered what it all means? There are many forms of charts, but probably the most commonly used are candlestick charts generally consisting of red and green rectangles that look similar to a box and whisker plot. These are called Japanese Candlesticks, and we’re going to talk a whole lot about them in this article.

For anyone looking to understand trading, having a strong background knowledge of candles and what they depict can give you a leg up in the challenging game of stock trading. This article covers everything you need to know about candlestick patterns from what they are, to some of the most common patterns and what they mean. Continue reading Trading Candlestick Patterns 101: Introduction and Common Candlesticks & Patterns