A prepared trader is a generally 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. In this weekend’s analysis, we have one of our affiliates, Kevin Smith, join us and chat about some broad market charts and technical charts into the week ahead. Have a great weekend! Continue reading Sunday Update Week of January 28th – The SMA (20) Wall Holds But Government Reopens
A prepared trader is a generally 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. In this weekend’s analysis, we take a look at the broad markets continued strong move up this week and compare the recent lower indicator action with the early 2016 moves which aren’t exactly the same but are showing many similarities.
As TrendSpider has just introduced lower indicators, we think the use of these tools can be very resourceful if used correctly. Last week, we touched on how to add these indicators to the chart as well as what to look for between price action and the lower indicators. This week, we are going to take a look at the relationship between two momentum oscillators, the Williams % Range and Relative Strength Index.
TrendSpider is happy to announce the availability of lower indicators and will be adding more as time progresses. We believe the addition of these resources will greatly help traders utilize the ability to backtest price vs. indicator action. In this strategy guide blog post, we will show traders how to utilize these correctly on the platform as well as general ways to spot repeating patterns in the market.
There are so many different approaches to trading, you could try a new one every day for the rest of your life and never run out of options. However, one that has been consistently popular, and consistently effective over the years has been momentum oscillator trading strategies.