Dr. Van K. Tharp is a specialist in the area of trading psychology. He is the author of Trade Your Way to Financial Freedom, Safe Strategies for Financial Freedom, Financial Freedom Through Electronic Day Trading. He is featured in Jack Schwager’s classic Market Wizard’s: Interviews with Great Traders.
A technical analysis charting method. The Candlestick Chart is a price chart that displays the high, low, open, and close over a specified period of time. It adds dimension and color to the Bar Chart by depicting the area of the bar between the open and close as a two dimensional real body. This area
Moving averages are among the most popular and widely used indicators. Moving averages are a method of smoothing price data and removing noise to visually depict and measure a trend. Moving averages are the basis of many technical trend following systems. The moving average is a trend following, lagging indicator – as the moving average
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 uptrend followed by three consecutive Dojis
Charles Dow never wrote a book containing his theory, rather it was set out in a number of editorials published in the Wall Street Journal. In 1903 S.A. Nelson compiled the essays into a book called The ABC of Stock Speculation. Dow Theory provideded the foundation and cornerstone of the field of technical analysis. Dow