The Stock market lived it up to its historical stereotype of being more volatile in the month of October than other months in the year. The signs were there early on that this month may get ugly due to a mix of variables in the financial markets such as interest rates breaking through key levels above, trade war fears, and midterm elections closing in. This blog post outlines the full technical story of October’s moves as we followed the charts week by week through our weekend blog.
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 the markets into the final days of October to see if November will bring any relief for the financial markets. To get a full week-by-week analysis of the broad markets in October, check out our blog posts here.
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 once again focus on the broad markets as the month of October has been nothing short of bloody. As the daily candles continue to show noise, the weekly candle charts are starting to show oversold levels that have seen reversals in the past. See how the charts turned out from last weekend by clicking here.
TrendSpider is a platform that allows all different types of traders to implement their own strategies with the different proprietary features that we have to offer. One of the coolest and newest features available in the platform is called “Trend Analysis Preferences” which allows users to change their trendline settings through a simple drop-down menu. This gives users more flexibility to see different chart views based on if they like the system more sensitive (fewer trendlines) or less sensitive (more trendlines). To learn more about this feature, check out our video and below and follow the step by step guide.
Whatever kind of trader you are, whatever the instruments you use, what strategy you rely on or what timescale you trade, a key part of your success in the long term is having the right broker. Your brokerage firm can offer a wide range of services, and a broad range of costs that go with them.