What Are the BEST Technical Indicators for Successful Trading?
8 technical analysis tools that give any trader an edge
You may have seen a TV ad where “traders” describe their strategies, and one says, “I trade on fundamentals.” That sounds very reassuring — except that, on any given day, “fundamentals” are a mixed bag:
- You might have a good U.S. employment report…but bad news from Europe
- A positive Fed statement…but a negative housing number
- Strong earnings…but slowing consumer spending
And so on. Which “fundamental” factor trumps the other? Which one carries more weight in your forecast? Your guess is as good (or bad) as anybody’s.
Your alternative is technical analysis, which forecasts the markets’ short- and long-term moves based on objective metrics, not guesses. Continue reading
How A Japanese Chart Formation Could DOOM the DOW
“It’s déjà vu all over again.” Is one of Yogi Berra’s famous original quotes and the same can be said for the DOW right now.
The weekly chart on the DOW is flashing the same Japanese candlestick signal that it had earlier in April of this year. Back then the DOW dropped from 11,200 to 9,700 in the space of just 10 weeks!
If nothing else watch this video as this could be one of the most important weeks for the DOW and its future. The video runs three minutes. You will find it both interesting and educational from both a Fibonacci and Japanese candlestick point of view. (Click icon in lower right to see full screen.)
Want to trade like Adam? Click here for FREE lessons.
As always our videos are free to watch and there are no registration requirements needed.
All the best,
Adam Hewison
President of INO.com Co-founder of MarketClub.com
Trend Reversal And Trend Continuation Profitable Candlestick Patterns
Trend is your friend. You will repeat this saying again and again. There is no doubt that trend trading is one of the most profitable trading strategies that has helped a lot of traders make a fortune. But to tell you the truth, trend has to be befriended. You will have to observe the trend closely. Monitor it and ride it when it is the best time and get out before it is too late. Otherwize, trend riding can give you a huge loss . How to know when it is the best time to ride the trend and when it is the best time to get out of a trend? Candlestick charting and candlestick patterns can help you in this regard. There are a number of highly profitable candlestick patterns that you can use to predict when the trend is about to reverse itself and when it is going to continue. One such candlestick pattern is the Bullish Necklines. This is a highly profitable trend continuation pattern . There are types of Necklines Patterns; one is the In Neck and the other is the Out Neck Pattern. Master Candlestick Charting with this 82 page PDF FREE Candlestick Guide . Learn this powerful Fibonacci Retracement method FREE that pulls 500+ pips per trade! Download this 1 Minute Forex Trading System that makes money instantly anytime you want! This system is very simple to use and can be used even by those who have never traded forex before, so give it a try, you will like it! Continue reading
