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, ...
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 ...
Non-Farm Payroll report is an highly anticipated economic report with major significance in moving both stock markets and forex majors. See its Survival Guide for more details.
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 ...
Inverse Head and Shoulder is the upside down chart pattern of Head and Shoulder. Contrary to popular subjective usage or description, IHS should not have its right shoulder dropping below ...
Measured move is a highly structured price movement that consists of 2 swings in the same direction with a pause in-between. Detailed explanation can be find in this article
It has many names as it is discovered and rediscovered again and again by different people.
When you see a move, say an up move, retracements are expected. If a retracement ...
A Wedge in chart often points to weaknesses in current expansion direction. It is a common reversal setup. A Rising Wedge is a chart formation with higher high and ...