Bollinger Bands are a technical indicator created by John Bollinger in the 1980s. They were created to form a quantified visual trading range that was adaptive to dynamic volatility expansion and contraction. “Bollinger Bands are use a measure of central tendency as a base such as a moving average. They curves drawn in and around […]
How to Use Bollinger Bands Read More »
Here is an example of a simple moving average crossover strategy that beats buy and hold investing. This strategy combines two winning strategies, the golden cross 50/200 day and the stand alone price over the 200 day moving average system. These are both end of day signals based on the daily chart. Entry conditions: You go
A Moving Average Strategy that Beats Buy and Hold Read More »
The current chart is currently driven by headline risk but does have technical levels to watch. $SPY price remains over the 200 day moving average. This moving average is a long term bullish trend signal. The 10 day moving average crossed under the 50 day moving average this is a bearish signal in the short
Two Signals to Watch on the $SPY Chart: 8/25/19 Read More »
This is a Guest Post by Jake @TrendSpider. In this weekend’s analysis, we take a look at the broad market ETFs, SPY and QQQ, as well as Bitcoin. In this update, we take a look at how the longer term areas of support are still in play into next week. Make sure to set your alerts
The Key Trading Ranges on the $SPY and $QQQ Charts Read More »
Moving averages are the best indicators for the direction of a trend because of their power and simplicity to smooth out price direction in trend trading. They create lines on your charts to filter out the daily trading ranges and show the true direction a market is going in for a specific time frame. When
What is the Best Indicator for Trend Direction? Read More »
In trading more action and time spent watching screens is not necessarily rewarded with more profits. The majority of the time trading every day and watching every tick in price is not rewarded by making more money the odds are greater that emotional errors of over activity will be made. Ed Seykota had some of the best annual
Trade Less and Make More Read More »
“Trend followers use reactive technical analysis. Instead of trying to predict a market direction, their strategy is to react to the market’s movements whenever they occur. This enables them to focus on the market’s actual moves and not get emotionally involved with trying to predict direction or duration.” -Michael Covel Trading a trend in price
A Simple Trend Trading Strategy Read More »
Chart Courtesy of StockCharts.com Breakouts can be signals based on price breaking and closing above a declining trend line, horizontal trend line, or a close above previous price range resistance. Once a breakout is entered a stop loss can be placed at the low of the bar of the day of the breakout. If it
10 Rules For A Breakout Trading Strategy Read More »
Market Wizard Richard Dennis known as the ‘Prince of the Pit’ turned $1,600 into $200 million in 10 years trend trading commodities. What happened when legendary trader Richard Dennis put a want ad in the paper to hire traders? What kind of results would ordinary people have if they were given a winning system and
Richard Dennis’ Rules For the Turtle Traders Read More »
No trading strategy works all the time because the market doesn’t stay the same. Markets change from range bound, to trending, and at times become very volatile but go nowhere. Quantified trading signals can be based on different types of price action patterns created in different types of market environments. Trend traders buy high in
Four Price Action Patterns Read More »