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Trading the OPEN: How To Profit From Realtime Gaps & Breakouts
Trading the OPEN: How To Profit From Realtime Gaps & Breakouts
For the first time ever, see exactly how to Prepare for each market's open... and how to spot the best gap and premarket trading setups as you see this "Trading The Open" footage captured live on video (this practical footage reveals, in crystal-clear detail, exactly what types of charts to look for to spot intraday and swing trades, using realtime charts illustrated and explained for you, step by step).
For the first time ever, see exactly how to Prepare for each market's open... and how to spot the best gap and premarket trading setups as you see this "Trading The Open" footage captured live on video (this practical footage reveals, in crystal-clear detail, exactly what types of charts to look for to spot intraday and swing trades, using realtime charts illustrated and explained for you, step by step
"Trading The Open" Live Market Walkthroughs... This stunning footage walks you through an entire market open, from scanning through setting entry and exit triggers.. so so you can see how to trade from start to finish, using realtime charts in motion, captured in triple-cam immersion footage (no powerpoint!) .. All live markets - so you'll learn in the most realistic way ever captured on video, for active traders.
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How to Scan for Stocks, plus How to Set your Entries and Exits, before the market opens. This step by step "blueprint" shows you exactly what you need to look for, and how to get ready for trading, before the open. Then we walk you through the entire market open, so you can see how we set triggers and follow up with LIVE realtime charts in motion, captured in triple-cam immersion footage. It's just like being in a live trading floor, captured so you can learn how to trade the market open, one trade at a time!
التقييم:
المشاهدات:209
بواسطة: ForexTube
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Counting Waves Correctly
Counting Waves Correctly
Counting Waves Correctly. How to apply the Wave Principle to every market, from stocks to cocoa -- and how to apply the three Elliott rules that will separate you from 90% of the self-appointed professionals using Elliott today
Counting Waves Correctly. How to apply the Wave Principle to every market, from stocks to cocoa -- and how to apply the three Elliott rules that will separate you from 90% of the self-appointed professionals using Elliott today
التقييم:
المشاهدات:1030
بواسطة: ForexTube
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Triangle 2
Triangle 2
The second lesson on how to identify and trade triangle chart patterns in the stock market, forex market, and futures market using technical analysis.
التقييم:
المشاهدات:160
بواسطة: ForexTube
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Triangle 1
Triangle
The first lesson in a two part series on how to identify and trade the ascending, descending, and symmetrical triangle chart patterns using technical analysis in the futures market, forex market and stock market for day traders and investors.
التقييم:
المشاهدات:149
بواسطة: ForexTube
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Flag/Pennant 2
Flag/Pennant Patterns
The second lesson in a two part series on trading strategies for trading the flag and pennant chart patterns using technical analysis for day traders and investors in the stock market, futures market, and foreign exchange market.
التقييم:
المشاهدات:127
بواسطة: ForexTube
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Parabolic SAR
Parabolic SAR
http://www.informedtrades.com/
A lesson on how to trade the Parabolic Stop and Reversal (SAR) indicator for traders of the forex, futures, and stock markets.
In our last lesson we learned about the Average Directional Index (ADX) an indicator which helps traders determine the strength of trends in the market. In today's lesson we are going to look at another indicator called the Parabolic Stop and Reversal (Parabolic SAR), which helps traders enter and manage positions when trading those trends.
The Parabolic SAR is an indicator that, like Bollinger bands is plotted on price, the general idea of which is to buy into up trends when the indicator is below price, and sell into downtrends when the indicator is above price. Once traders are in positions the indicator also assists in managing the position by providing guidance as to how one should trail their stop.
Example of the Parabolic SAR
While this is an indicator that works very well in trending markets, as you can see from the below chart simply following the basic be long when the indicator is below price and be short when the indicator is above price will lead to many whipsaws in range bound markets.
Example of Whipsaws in Range Bound Markets
To combat this problem the developer of the indicator J. Welles Wilder (who also developed the RSI and ADX) recommended establishing the strength and direction of the trend first through the use of things such as the ADX, and then using the Parabolic SAR to trade that trend. As mentioned above although the Parabolic SAR is used for both entering and managing positions, it is used far more to set stops once in a position.
As with the other indicators we have covered in past lessons it is recommended to use this indicator in conjunction with other methods of analysis for confirmation not only on trade entry but also on trade exit.
Example:
That's our lesson for today. While my lessons are by no means exhaustive on the subject this also concludes my series on technical indicators. If you are interested in learning more about the indicators that we have studies as well as some of the other indicators that traders use, I encourage you to visit the technical indicators section of informedtrades.com. In our next lesson we will finish up our series on technical analysis by taking a deeper look at candlestick chart patterns and how one can use these in their trading.
As always I encourage you to participate in the community by posting your comments and questions below, and have a great day!
التقييم:
المشاهدات:142
بواسطة: ForexTube
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Relative
How to Trade the Relative Strength Index
lesson on how to trade the RSI for traders and investors using technical analysis in the stock market, futures market and forex market.In our last lesson we looked at 3 different ways that the MACD indicator can be traded. In today's lesson we are going to look at a class of indicators which are known as Oscillators with a look at how to trade one of the more popular Oscillators the Relative Strength Index (RSI). An oscillator is a leading technical indicator which fluctuates above and below a center line and normally has upper and lower bands which indicate overbought and oversold conditions in the market (an exception to this would be the MACD which is an Oscillator as well). One of the most popular Oscillators outside of the MACD which we have already gone over is the Relative Strength Index (RSI) which is where we will start our discussion.The RSI is best described as an indicator which represents the momentum in a particular financial instrument as well as when it is reaching extreme levels to the upside (referred to as overbought) or downside (referred to as oversold) and is therefore due for a reversal. The indicator accomplishes this through a formula which compares the size of recent gains for a particular financial instrument to the size of recent losses, the results of which are plotted as a line which fluctuates between 0 and 100. Bands are then placed at 70 which is considered an extreme level to the upside, and 30which is considered an extreme level to the downside. Example of the RSI The first and most popular way that traders use the RSI is to identify and potentially trade overbought and oversold areas in the market. Because of the way the RSI is constructed a reading of 100 would indicate zero losses in the dataset that you are analyzing, and a reading of zero would indicate zero gains, both of which would be a very rare occurrence. As such James Wilder who developed the indicator chose the levels of 70 to identify overbought conditions and 30 to identify oversold conditions. When the RSI line trades above the 70 line this is seen by traders as a sign the market is becoming overextended to the upside. Conversely when the market trades below the 30 line this is seen by traders as a signthat the market is becoming over extended to the downside. As such traders will look for opportunities to go long when the RSI is below 30 and opportunities to go short when it is above 70. As with all indicators however this is best done when other parts of a trader's analysis line up with the indicator.Example of RSI Showing Overbought and Oversold: A second way that traders look to use the RSI is to look for divergences between the RSI and the financial instrument that they are analyzing, particularly when these divergences occur after overbought or oversold conditions in the market. These divergences can act as a sign that a move is loosing momentum and often occur before reversals in the market. As such traders will watch for divergences as a potential opportunity to trade a reversal in the stock, futures or forex markets or to enter in the direction of a trend on a pullback. Example of RSI Divergence: The third way that traders look to use the RSI is to identify bullish and bearish changes in the market by watching the RSI line for when it crosses above or below the center line. Although traders will not normally look to trade the crossover it can be used as confirmation for trades based on other methods. Example of the RSI Centerline Crossover: That's our lesson for today. You should now have a good understanding of the RSI and how traders use this indicator in their trading. In tomorrows lesson we will look at another Oscillator which is known as the Stochastic Oscillator so we hope to see you in that lesson.As always if you have any questions please feel free to leave them in the comments section below, and have a great day!
In our last lesson we looked at 3 different ways that the MACD indicator can be traded. In today's lesson we are going to look at a class of indicators which are known as Oscillators with a look at how to trade one of the more popular Oscillators the Relative Strength Index (RSI).
An oscillator is a leading technical indicator which fluctuates above and below a center line and normally has upper and lower bands which indicate overbought and oversold conditions in the market (an exception to this would be the MACD which is an Oscillator as well). One of the most popular Oscillators outside of the MACD which we have already gone over is the Relative Strength Index (RSI) which is where we will start our discussion.
The RSI is best described as an indicator which represents the momentum in a particular financial instrument as well as when it is reaching extreme levels to the upside (referred to as overbought) or downside (referred to as oversold) and is therefore due for a reversal. The indicator accomplishes this through a formula which compares the size of recent gains for a particular financial instrument to the size of recent losses, the results of which are plotted as a line which fluctuates between 0 and 100. Bands are then placed at 70 which is considered an extreme level to the upside, and 30 which is considered an extreme level to the downside.
Example of the RSI
The first and most popular way that traders use the RSI is to identify and potentially trade overbought and oversold areas in the market. Because of the way the RSI is constructed a reading of 100 would indicate zero losses in the dataset that you are analyzing, and a reading of zero would indicate zero gains, both of which would be a very rare occurrence. As such James Wilder who developed the indicator chose the levels of 70 to identify overbought conditions and 30 to identify oversold conditions. When the RSI line trades above the 70 line this is seen by traders as a sign the market is becoming overextended to the upside. Conversely when the market trades below the 30 line this is seen by traders as a sign that the market is becoming over extended to the downside. As such traders will look for opportunities to go long when the RSI is below 30 and opportunities to go short when it is above 70. As with all indicators however this is best done when other parts of a trader's analysis line up with the indicator.
Example of RSI Showing Overbought and Oversold:
A second way that traders look to use the RSI is to look for divergences between the RSI and the financial instrument that they are analyzing, particularly when these divergences occur after overbought or oversold conditions in the market. These divergences can act as a sign that a move is loosing momentum and often occur before reversals in the market. As such traders will watch for divergences as a potential opportunity to trade a reversal in the stock, futures or forex markets or to enter in the direction of a trend on a pullback.
Example of RSI Divergence:
The third way that traders look to use the RSI is to identify bullish and bearish changes in the market by watching the RSI line for when it crosses above or below the center line. Although traders will not normally look to trade the crossover it can be used as confirmation for trades based on other methods.
Example of the RSI Centerline Crossover:
That's our lesson for today. You should now have a good understanding of the RSI and how traders use this indicator in their trading. In tomorrows lesson we will look at another Oscillator which is known as the Stochastic Oscillator so we hope to see you in that lesson.
As always if you have any questions please feel free to leave them in the comments section below, and have a great day!
التقييم:
المشاهدات:156
بواسطة: ForexTube
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