TrendSpider is happy to announce a new feature created to make your life a little easier when trading. Have you ever had an alert set (either a mental alert or actual alert on TrendSpider) that the price missed by only a few cents and you completely missed the price reversal or either a buy or sell? We know how you feel… That is why we created the “Sensitivity Control” feature for our Dynamic Price Alerts which allows users to add a margin of error or “cushion” to their alerts. See what we mean by checking out the video below!
When it comes to trading, one of the most common strategies traders implement is simply trading between support and resistance areas created by previous volatility in the price of a stock. There are many different types of channels to trade such as Bollinger Bands and Keltner Channels, but this article will solely focus on channels created by support and resistance levels and how traders take advantage of these setups.
When it comes to trading, a huge piece of figuring out the puzzle is being able to identify simple patterns and have the knowledge of what their general sentiment is (i.e. Bullish or bearish setup). One of the main patterns technical traders focus on is the wedge pattern. This pattern is essentially when support and resistance trend lines are both sloped instead of one being completely horizontal (triangle patterns) and the other being sloped. Continue reading TrendSpider Strategy Guide: Trading Wedge Formations
We were lucky enough to catch this progression of HTGM over just a couple days! Watch this 3 chart series of HTGM breaking out of a symmetrical wedge and then moving to the next level of resistance identified by the TrendSpider platform. The beauty of this is that not one trendline was drawn manually! Continue reading TrendSpider Technical Analysis Progression: HTGM
TrendSpider has an incredibly powerful and reliable engine for detecting Trendlines. It first identifies all possible trendlines, then it scores them to identify the strongest. Manual Tuning allows the user to customize the analysis without drawing any trendlines by hand at all. Check out this video to learn how it works and why you should use it. Continue reading TrendSpider User Guide Video: How to use Manual Tuning Mode to find the best Trendlines for you