The Hull moving average was developed by Alan Hull as he tried to improve on the weighted moving averages and others for smoother trend and swing signals during a charts trends and swings in price action. The HMA uses weighted moving averages and dampens the smoothing effect and resulting lag by using the square root […]
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Website Articles Table of Contents with Links: What is Technical Analysis? Does Technical Analysis Work? What causes a Chart Pattern? How to Draw Trendlines on a Chart Bullish Pennant pattern Bullish Flag pattern Bearish Flag pattern Rising Wedge pattern Falling Wedge pattern Triangles pattern Symmetric Triangles pattern Ascending Triangles pattern Descending Triangles pattern Cup and
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A calculated risk is taken when the probability and size of potential success is estimated along with the magnitude of a possible loss is considered before a decision is made involving the potential of failure. A calculated risk tries to determine if the risk is worth the reward based on the probabilities between success and
An outside bar pattern is a two candle pattern that has a large candle engulf a previous smaller candle on a chart by both going above and below the previous candle highs and lows. A bullish outside bar candlestick goes lower than the previous candle lows and then closes higher than the previous candle highs.
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Rich Dad, Poor Dad is one of the best selling personal finance books of all time for its ability to teach the secrets of wealth building through an interesting narrative read. The book tells the story of the financial lessons a young Kiyosaki learned growing up with the contrast between his own dad who was
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Elon Musk’s current net worth in October of 2021 is $253.8 billion and he is the richest person in the world at fifty years old according to Forbes. This is over a quarter of a trillion dollars and makes him more wealthy than Mark Zuckerberg and Bill Gates combined. He grew his wealth dramatically this
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Reversal patterns happen when a chart has a strong break from its current trend and its momentum reverses course. This can happen on a trend line break of resistance or support out of a price range, a gap in price, or a long wick candlestick that changes direction and reverses off of highs in an
I have read over 400 trading and investing books in the past 20 years that have given me the principles of profitable trading and allowed me to make money in the markets consistently and build life changing amounts of capital. Here is a list of the ones that were most memorable, useful, and meaningful, along
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Bullish price action trading creates chart patterns that show uptrends in a market through the buying pressure by traders and investors creating higher highs and higher lows and breakouts to the upside. A bullish chart pattern is a visual record of the votes by bulls that increase price levels over a period of time. There are different
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A gap in stocks is when a chart skips over levels of prices and starts trading higher or lower than the last candle without a direct path through all previous prices. Gaps on charts are momentum signals in technical analysis in the direction of the gap. On an intraday chart if an opening gap versus
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What does Ape mean in stocks? Retail investors bullish on heavily-shorted stocks are now known as Apes. The new vocabulary for trading allows someone to be bullish, bearish, or apish. Apes are very strong holders of a stock that they have a huge conviction on it going higher due to being oversold, heavily shorted, and
Here is a list of my picks for the top ten financial documentaries available on Netflix at the time of this writing that you can watch with a subscription. These documentaries are informative, educational, and most are also entertaining. This is a great way to raise your financial IQ and are basically free if you
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Here are ten questions that can measure how financially fit you are in your personal finances. Grading scale: No = 0 I’m halfway there = 1 Yes = 2 You can pay off off your credit card debt any time you want to or have zero credit card debt. You have three to six months
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What does a black candlestick mean on a chart? A black candlestick forms on a chart set for hollow candles where all candlesticks will be set for filled or hollow and will appear as white, red, or black. The black candle forms when price closes lower than it opens but the closing price is still
In my opinion the following list are the best twelve Wall Street movies ever made based on their popularity, entertainment value, and lessons they teach for those paying attention. While these movies may not go too deep into how to make money in trading they do show the dangers of greed, fear, bubbles, and the
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Instead of searching for an options play structure every time you come across a potential option trade you want to make you can now simply refer to the below guides created by Gavin McMaster at OptionsTradingIQ.com you can also following Gav on Twitter at @OptionTradinIQ. Options traders at all trading levels can find having these
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A listing of the most shorted stocks right now is a a great place to look for potential deep dip technical entries or value buys. Stocks with the highest short interest across all major U.S. stock exchanges is the list to watch to stay updated on stocks setting up for potentially explosive moves to the
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A trailing stop loss is a risk management tool for locking in profits on a winning trade. While a trade may start out with a stop loss after the initial entry to exit if the trade does not go in the right direction but instead goes against the trader enough to show that a trade
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Buy to open versus buy to close in options trading are very different processes that many stock traders don’t understand. A buy to open order in options trading is when a call or put contract is bought and entered as a long position. The term comes mostly from the fact that when the option seller
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