Here is an example of a simple long term profitable trend following system for the $SPY and $QQQ ETFs. This is backtest data from trading the most popular of all moving average crossover signals the “Golden Cross” that is the 50 day / 200 day simple moving average crossover. This signal goes long when the […]
Golden Cross Trading Backtest on $SPY $QQQ Read More »
This is a Guest Post by Jake @TrendSpider. In this weekend’s analysis, we take a look at the broad market ETF’s SPY, QQQ, and Bitcoin. In this update, we view how the daily Raindrops(TM) and weekly hollow candles played out for the week while utilizing unique features from TrendSpider to do this. Make sure to set
Breakouts Versus Trendlines on the Charts Read More »
This is a list of things to look for as possible signs before a stock makes a top and rolls over. Alone these are just possibilities but the probabilities increase as more of the signs are in place. When the RSI gets near 70 on the daily chart for a stock and it becomes overbought
How to Identify A Trend Reversal In A Stock Read More »
“Successful trading depends on the 3M`s – Mind, Method and Money. Beginners focus on analysis, but professionals operate in a three dimensional space. They are aware of trading psychology their own feelings and the mass psychology of the markets. Each trader needs to have a method for choosing specific stocks, options or futures as well
Money Management in Trading Read More »
The MACD (Pronounced Mac-Dee), is short for moving average convergence/divergence, it is a technical trading indicator used in technical analysis to filter and trade price action. It was created by Gerald Appel in the late 1970s as a new tool for technical analysts. It is designed to reveal changes in price strength, direction, momentum, and duration for trends and swings. The
How to Trade With the MACD Indicator Read More »
Trend lines are the identifiers and connectors of resistance and support in chart patterns. Trend lines are ways to measure and quantify the path of least resistance for a chart in your time frame. Trend lines are identifiers of the trend in your trading time frame. Vertical trend lines must be drawn from left to
How to Draw Support and Resistance Lines Read More »
In trading as in life there are both risks and rewards to consider before you start any journey. You have to ask yourself are the risks of loss worth the possibility of the gains from the rewards. In trading your risk is created on entry by a combination of your position sizing and stop loss if
The Risk vs Reward in Trading Read More »
The goal of a trend following system is to capture trends for big profits and cut losses short. A trend follower needs a diversified list of assets to trade in different markets to always have the opportunity to capture a trend where ever it happens. A good trend following system will have backtested signals on
A Simple Trend Following System Read More »
The 50 day moving average is the current resistance on the $SPY chart. The $295 price level has also acted as strong resistance. Current support is the $282.50 price level. RSI is neutral but slightly bullish at 52.19. MACD currently has a bullish crossover. The Average True Range declined late last week to 4.19. The
The Support and Resistance Levels on the $SPY Chart: 9/1/19 Read More »
This is a Guest Post by Jake @TrendSpider. In this weekend’s analysis, we take a look at the broad market ETF’s SPY, QQQ, and Bitcoin. In this update, we take a look at how the monthly candles closed for August and what the month of September will start with. Make sure to set your alerts on
Short Term Bulls Versus Long Term Bears Read More »