Sergey Golubev / Blog
When the CCI is high it shows that price is unusually high compared to the average price. When the CCI is low it shows that price is unusually low compared to the average price. When the CCI is high it shows that price is unusually high compared to the average price...
The aim of this book is to explain point-and-figure charting to European investors and traders, and to show why it is the most reliable technical tool for timing entry and exit points in stocks, indices and other securities...
The Relative Strength Index (RSI) was created by J. Welles Wilder Jr. and introduced in his book, "New Concepts in Technical Trading Systems," published in 1978. Wilder was a mechanical engineer and real estate investor before going into market research and trading...
Identify the Trend The first step to trading any successful trend based strategy is to find the trend! One of easiest ways to find the trend is through identifying a charts swing highs and swing lows. Traders can work from left to right on their graph and identify the outliers in price...
Perseverance and having great patient is the greatest advantage for a forex trader...
Wilder suggests that divergence between an asset's price movement and the RSI oscillator can signal a potential reversal. The reasoning is that in these instances, directional momentum does not confirm price...
RSI is one of the most popular indicators used in technical analysis. RSI indicator plots the divergence and convergence of moving averages. The RSI is constructed using moving average analysis. Moving Average Convergence/Divergence is a trend-following indicator...
Tenkan-sen line is located below Kijun-sen line of Ichimoku indicator with 1306.82 resistance and 1131.75 support levels on monthly timeframe chart for the bearish market condition to be continuing...
As we all know, trading in forex could be a kind of investment that is classified as high risk, but also a high reward trading system that could allow an investor to either make a lot of money in a short period of time, or it could also work against to lose a huge sum...
Take an Overall View of the Market If you’re trading in a bullish market, then the majority of your trades should be long. If the market bearish then most trades you take should be short...