TradersLog Brought to you by: CandleStickShop.com Step 1 – Pull up a Weekly chart of the stock. Step 2 – Look for a BEARISH HARAMI against MINOR PRICE RESISTANCE, and/or a declining Major Moving Average (10 MA, 20 MA, or 50 MA) on the Weekly chart. Step 3 – Pull up a Daily chart of the
Bill Williams’ Awesome Oscillator (AO) is designed to show current market momentum and is displayed as a histogram. The Awesome Oscillator is created using the difference between the 34-period and 5-period simple moving averages of the bar’s midpoints (H+L)/2. Each bar of the histogram that is higher than the preceding bar is green. Each bar
Developed by J. Welles Wilder, the Average Directional Index (ADX) measures the degree of directional movement and reflects strength of a trend. The ADX line measures the directional movement as an oscillator on a scale of 0 to 100. Readings below 20 reflect a weak trend and readings above 40 reflect a strong trend. Readings
By Dan Blystone As the editor of a website focused on trading and investing I try to keep track of industry related trends and the hot topics of the moment. Notably, the combination of the forex market and automated trading systems has generated a massive hive of interest online. In this article we’ll cover the
A financial crisis that started in July 1997 in Thailand, and affected currencies, stock markets, and other asset prices of several Asian countries, many part of the East Asian Tigers. The Thailand Baht was devalued by as much as 48%, dropping to close to a 100% fall by New Year of 1998. The Indonesian Rupiah