Chart patterns are visual representations of the behaviors of buyers and sellers around different price levels. Chart patterns are bullish when a chart is making higher highs and higher lows, they are bearish when they are making lower highs and lower lows, and range bound when they have defined support and resistance levels and no […]
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A trading journal is the book a trader writes about their own trading. A trading journal records decisions made in the market so you can see any errors in discipline, risk management, or process. If you can measure it, you can change it. If you are mindful of your behavior you can learn from your
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Here is a list of the seven most popular reversal candlestick patterns used in technical analysis to determine a high probability area on a chart for a reversal of a current trend. These patterns show a shifting in power from buyers to sellers or sellers to buyers through the price action of the candle being
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Here is a list of trading strategies used by different types of traders to make money in the markets. Day trading: Day traders open and close their trades inside regular market hours. Day traders avoid the risk of overnight gaps but can only profit from intraday price moves. They close their positions by the end
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Exponential moving average crossover signals are one way to capture trends on a chart by entering a long trade when a shorter term moving average crosses over a longer term one, then exiting as the shorter term moving average crosses back under the longer term one. The inverse of this are moving average cross under
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Here is a list of the largest companies by market cap today based on their publicly traded equity as of October 12, 2020 and listed for trading in the U.S. On this list there are five NASDAQ listed stocks and four NYSE listed stocks and one company that trades on the OTC market because it
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What is a long-legged doji candlestick pattern? The long-legged doji candlestick pattern has both long upper and lower shadows (wicks) and generally has a closing price near where it opened in the time frame of the candle. The long-legged doji candlestick can signal extreme indecision in the current market with a large trading range but
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Munehisa Honma (本間 宗久) 1724-1803 is known as the father of the candlestick chart. He is believed to have been a rice merchant in 18th century Japan who traded the Dojima Rice market in Osaka. . In 1710, a Japanese rice spot market was transformed into a futures market for rice. This market used coupons
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A martingale strategy is a betting method designed for games where the gambler wins a 50/50 bet like a coin flip wins landing on heads and loses on tails. This strategy betting structure has the gambler double their bet if they lose so the first win would recover all previous losses and get back to
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The “magic formula investing” system parameters and principles are used by Joel Greenblatt in his approach to value investing to outperform the market. In his book ‘The Little Book that Beats the Market’, Greenblatt writes that this system buys cheap stocks of 30 companies that have high earnings yield and also a high return on
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