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Technical Analysis

Defining the Trend

By Walid Khalil, CFTe, MFTA When I developed the Volume Zone Oscillator (VZO) back in 2009, the main idea was to translate Dow’s basic tenets” Volume Goes with the Trend” to an oscillator. This article will introduce the Volume Zone Oscillator (VZO) with its trading tactics to reach the trend

Key Tools and Strategies for the Electronic Futures Trader

By Tim Racette The first step to becoming a successful trader is developing a sound foundation of tools and knowledge in which to trade. Whether you’re new to trading or been at it for years, the tools and strategies outlined here provide a solid foundation for a successful trading career. Before

Two Patterns You Never Heard of: Throwbacks and Pullbacks

By Thomas N. Bulkowski Throwbacks and pullbacks are not new to securities, but if you don’t understand how price behaves, a losing trade may result. Figure 1 shows an example of a throwback. Price forms a symmetrical triangle by bumping up against overhead resistance highlighted by a down-slopin

Top 10 Chart Patterns for Technical Traders

By Darrell Hale Technical Analysis is one of the oldest tools for making trading decisions. At its core, it’s simply analyzing the price and volume of the instrument you are trading. There are many ways to get there (Moving Averages, Relative Strength, Oscillators, etc…). In this article we will

Harmonic Elliott Wave

INTRODUCTION There is no doubt Elliott Wave is one of those techniques that traders either love or hate. For some it’s almost a status symbol to be able to count waves. Others find it just too hard. I have looked over some online Elliott Wave forums on an occasional basis just to have a look at ho

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