Technical Analysis

Charts of the Week: View of Financials

This week we look at a few of the financials to analyze the chart structures after Friday’s major downside reversal in Goldman Sachs Group (GS) and other related financials. Apart from whether Goldman is innocent or guilty of the charges levied by the SEC, the indelible impression left by Friday a

Charts of the Week

This week is a very critical one to the markets. The Government releases the employment report for March on Friday (a market holiday), expected to be the first positive data on additions to payrolls in months. In addition, Greece is coming to the bond market with a sovereign bond auction Tuesday or

Williams %R Introduction

Williams %R is based on a similar concept to RSI – measuring the latest close in relation to it’s price range over a given number of days. The same concept apply to this indicator, the divergence of the indicator with price in extreme areas being the most imortant.

Wave 59

If you are trading using the same moving averages and stochastics indicators as everyone else, maybe it’s time to take a look at some of the revolutionary tools in Wave59. For example: The 9-5 Count – tracks price cycles (not time cycles) to determine future turning points. When a price

Significance of Volume in Trading

Volume refers to the number of contracts of a security that are traded at a given time. In the context of technical analysis, trading volume is a significant indicator that is used to measure the strength of an upwards or downwards movement. A market move that is accompanied by heavy volume is cons

Gann’s 9-Sided Numbered Square

By Earik Beann ©2008, Reprinted with permission of Traders World Magazine (www.tradersworld.com) One of the things that you come to realize after studying Gann for even a short amount of time is that he never actually put down the tools he used to trade markets. So he would describe a general

Trend Analysis using Open Interest and Volume

Open Interest (also known as Open Contracts or Open Commitments) refers to the number of active or open contracts for any given security. It applies to the futures and options markets but not to stocks. In the futures market it refers to the total number

Using Currency Correlations in Forex Trading

Very often currency pairs are closely related to one another – and this is something that can be used to the Forex Traders advantage. Correlation analysis helps you understand these relationships. Positive and negative correlations between currency pairs are

Using Logarithmic Charts

By Alan Hull Website: AlanHull.com The science of technical analysis can be daunting for the newcomer. One of the most intimidating areas is the use of logarithmic charts. Adults who weren’t paying attention in their Math’s classes in High School will find the word ‘Logarithm&#

Tri-Star Candlestick Formation

The Tri-Star is a three candle reversal pattern, consisting of three consecutive Dojis. The formation occurs after an uptrend or downtrend. In the case of a bullish Tri-Star formation the second Doji candlestick gaps below the first and third. In a bearish Tri-Star formation, the market is in an upt