Technical Analysis
Generating Signals from RSI
RSI signals that are not derived from overbought or oversold Ever wondered how you can generate signals from RSI apart from the usual overbought and oversold levels? It can be done although personally I wouldn’t trade on signals that do not include an input from price. Let’s face it RSI can be very frustrating when [...]
Read Full Post | Make a Comment ( None so far )Using Fibonacci Levels to Detect Range Bound and Trending Markets
Why we shouldn’t buy breakouts The FX-market oscillates on a regular basis between range bound and trending markets. In range bound market conditions, traders typically adopt a simple buy low, sell high approach, where as trending market climates call for traders to trade with the trend. However detecting whether the market is currently in a [...]
Read Full Post | Make a Comment ( None so far )Enhancing Currency Trading with the Elliott Wave Analysis
One of the most common topics of conversation for traders is Elliott Wave analysis. Ironically, few traders actually apply this method because many are unsure about the intricacies of the Elliott Wave. In truth, correct analysis and counting of the waves can be a daunting task. However, even without the help of electronic wave analysis, [...]
Read Full Post | Make a Comment ( None so far )Dual Moving Averages … the Market’s Favorite…
Why moving averages are my least favored trading tool “What moving averages do you use?” Isn’t that a common question? Is there and answer? Of course, many traders use moving averages. Which are the best periods to use then? My answer: “Depends on how much money you want to lose.” I am fascinated by the [...]
Read Full Post | Make a Comment ( None so far )Moving Averages as a Forecasting Indicator
There is reason for caution when analysts tell you that moving averages forecast price movement Many analysts still claim that moving averages can be used to forecast the subsequent day’s movement. I’m not sure why this is considered true as none of the tests I have ever done suggest that they are anything less than [...]
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