Plunge Protection Team (PPT) is the nickname for Working Group on Financial Markets. The term was branded as a myth by the financial industry until it was exposed and subsequently ...
After Hours is the trading session outside of RTH. Most of the time the liquidity during AH is not very good, making erratic price movements more likely.
Daytraders from the old days mostly are floor traders. They did not have access to charts, or pretty much nothing else. Having pre-calculated price levels derived from previous trading day, ...
Open range for a timeframe is the range established during the initiation process in STOPD. It is a yardstick good for measuring the price behaviour dynamically. For example, for intraday ...
A Wedge in chart often points to weaknesses in current expansion direction. It is a common reversal setup. A Falling Wedge is a chart formation with lower high and ...
Classic chart pattern pointing to potential moves to higher price level. Its bearish version is called double top. Detail description of Double Top can be found here.
Federal Open Market Committee (FOMC) of the Federal Reserve in United States holds regular meetings on its interest rate and other monetary policy decisions. The post-meeting announcements are widely monitored ...
Many people use simple moving averages as a way to tell the direction of the markets they trade. More interestingly, however, are bots built around these moving averages that can ...