Jesse Livermore

Jesse L. Livermore was born in South Acton, Massachusetts, in 1877. Livermore made and lost four stock market fortunes during his career.

Legendary trades

Ironically, many of the most spectacularly successful trades of all time were made of one of the so called ‘black’ days, where the market saw a huge decline. Black Monday refers to Monday, October 19 1987, when the Dow Jones Industrial Average (DJIA) fell 22.6% – the second largest one day decline in recorded stock

Bullish Ladder Bottom

The Ladder Bottom is a five candle bullish reversal formation. The pattern occurs during a downtrend, with the first three candlesticks are black with successive lower opens and close. The fourth day is a black candle with only an upper wick. The fifth day is a white candlestick that opens above the body of the

Bullish Homing Pigeon

Homing Pigeon is a two candlestick bullish reversal pattern. The formation occurs during a downtrend with a large black candlestick followed by a short black candlestick engulfed by the first. The formation suggests that the existing downtrend is weakening.

Parabolic SAR

Introduced by Welles Wilder in his 1978 book, New Concepts in Technical Trading Systems, the Parabolic SAR (PSAR) is an indicator that sets trailing price stops for long or short positions. It is more popular for setting stops than for establishing direction or trend. Wilder’s intent was to create an indicator that capitalized on a