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Understanding Volume Analysis Techniques Introduction to Volume Analysis Volume analysis is a fundamental aspect of technical analysis used by traders to assess the strength of a market trend. It involves the study of trading volume or the number of shares or contracts traded in a security or an entire market during a given period. The…
Introduction to Algorithmic Strategies in Technical Analysis Technical analysis is a trading discipline employed to evaluate investments and identify trading opportunities by analyzing statistical trends gathered from trading activity, such as price movement and volume. Unlike fundamental analysts, who attempt to evaluate a security’s intrinsic value, technical analysts focus on patterns of price movements, trading…
Understanding Support/Resistance Trading Strategies Support and resistance trading strategies are key concepts in technical analysis that traders use to predict the price movement of a security. These strategies revolve around the basic principle that price levels in the market tend to rise until they reach a level of resistance and fall until they reach a…
Understanding Harmonic Patterns in Trading Introduction to Harmonic Patterns Harmonic patterns in trading are specific structures that possess a sequence of Fibonacci numbers. These patterns were discovered by H.M. Gartley in 1932 and have been utilized by traders ever since to predict potential future market movements. They are used in technical analysis to identify opportunities…
Understanding Resistance Breakout Strategies in Trading Introduction Resistance breakout strategies are a popular trading approach used by investors and traders to identify potential buying opportunities in the stock market. This strategy is based on the concept of resistance level, a key concept in technical analysis, which refers to a price level that a stock or…
Applying Dow Theory to Modern Markets Introduction to Dow Theory Dow Theory is a fundamental concept in technical analysis, which was derived from the writings of Charles Dow, the founder of The Wall Street Journal and co-founder of Dow Jones and Company. The theory is based on six basic tenets and is primarily used to…
Introduction to Event-Driven Market Analysis Event-driven market analysis is a method used by investors and financial analysts to predict or understand the impact of specific events on the market. These events can range from macroeconomic data releases, company earnings announcements, geopolitical events, to natural disasters. Understanding the potential impact of these events can help investors…
Using Bollinger Bands for Trading Introduction to Bollinger Bands Bollinger Bands are a technical analysis tool developed by John Bollinger in the 1980s. The bands are used to measure the highness or lowness of the price relative to previous trades. They consist of a middle band and two outer bands. The middle band is a…
Backtesting with Historical Data Backtesting is an essential element in the development and evaluation of trading strategies. It involves simulating a trading strategy using historical data to see how it would have performed. This article will delve into the importance of backtesting, how it works, and the potential pitfalls to avoid. Understanding Backtesting Backtesting is…
Introduction to Fibonacci Extensions in Trading Fibonacci extensions are a popular tool among technical traders. They are used to predict potential levels of support and resistance, and can also be used to set target prices for trades. The concept is based on the Fibonacci sequence, a mathematical concept developed by Leonardo Fibonacci in the 13th…