Something Interesting in Financial Video July 2013
An overview of the first three tenets of Dow Theory. The second in a series on technical analysis for active traders of the stock, futures and forex markets.
Warren Buffet once said, Price is what you pay, but Value is what you get. Professional traders understand that we can find great value on our trades by understanding support and resistance. There are multiple ways to identify support and resistance price levels. Many traders turn to pivot points to identify safe price levels to enter and exit our traders. You will be able to find multiple forms of pivot points; however, we believe that camarilla pivots are the best.
Just to remind - we are having few related indicators in Metatrader 5 CodeBase:
The third lesson in a series on technical analysis for forex, futures, and stock traders which introduces the last 3 tenets of down theory
The fourth lesson in a series on technical analysis for day traders of the forex, futures, and stock markets.
The tool of the day trader when analyzing the forex, futures, or stock markets is the price chart. Very simply a price chart is a chart showing the movement of the price of a financial instrument over a chosen time.
Most charts will allow a wide variety of time frames to be displayed and the time frame that day traders choose to use varies widely and depends on each traders trading style. In general, longer term traders will focus on daily time frames and above, and shorter term traders will focus on intraday charts such as hourly or 15 minute charts. Many traders will also use a combination of time frames in order to get a full picture of what price has been doing by, for instance, looking first at a longer term daily chart, then moving to an hourly chart, and then finally to a 15 minute chart.
The fifth lesson in a series on technical analysis for active traders of the forex, futures, and stock markets.
Just as anything where market forces are at play, the price of a financial instrument in the stock, futures or forex markets is ultimately determined by supply and demand. Very simply, if demand is increasing in relation to supply then price will rise, and if demand is decreasing in relation to supply then price will fall.
As we have learned in previous lessons, what you are basically looking at when you see an uptrend on a chart is an extended period of time where demand has continued to increase in relation to supply. Similarly when looking at a downtrend you are seeing an extended period of time where demand has decreased in relation to supply for an extended period of time, causing price to fall. Similarly, in a downtrend, demand is continuously falling in relation to supply which causes the price of an instrument in the stock, futures or forex market to fall.
In this lesson we are going to look at something known as support and resistance which are price levels where the supply demand equation is expected to change, and price is then expected to stop moving in the direction it was moving previously, or reverse direction.
The sixth lesson in a series on technical analysis for active traders of the forex market, futures market, and stock market.
We should now have a good understanding of how to spot trends in the forex market, stock market, and futures market. Now lets tie everything together we have learned thus far with the final concept of this series, Multi Time frame analysis.
No matter what time frame you end up using as a trader or what time frame a particular strategy calls for, it is important always to have a big picture overview of what is happening in the market. Although there are exceptions, in general most traders will tell you that if your trade setup or analysis lines up on multiple time frames, then the odds of being correct are greatly increased.
7. Introduction to the Double Top and Double Bottom Charting Pattern
The first lesson in a series on chart patterns for traders and investors in the stock market, futures market, and forex market.
8. How to Trade Double Tops Like a Pro
The next lesson in a series on charting patterns for traders and investors in which goes into specific strategies which can be used to trade double tops and double bottoms in the forex market, stock market, and futures market.
The 3rd lesson in a series on charting patterns which looks at the head and shoulders pattern and how traders use this in the stock market, forex market, and futures market.
The 4th lesson in a series on charting patterns which looks at how to trade the head and shoulders pattern and the reverse had and shoulders pattern for daytraders in the stock market, futures market, and forex market.
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