3 Pushes
By Lawrence3 short thursts in the same direction yet price does not gain much ground in that direction. A reliable pattern pointing to short term exhaustion and that a pullback is likely. Detailed explanation can be found in this article
Trading Edges That Last
By LawrenceOnline Series
- You May Also LikeDaytraders from the old days mostly are floor traders. They did not have access to charts, or pretty much nothing else. Having pre-calculated price levels derived from previous trading day, ...READ MOREMany people use simple moving averages as a way to tell the direction of the markets they trade. More interestingly, however, are bots built around these moving averages that can ...READ MOREIt has many names as it is discovered and rediscovered again and again by different people. When you see a move, say an up move, retracements are expected. If a retracement ...READ MOREOpen range for a timeframe is the range established during the initiation process in STOPD. It is a yardstick good for measuring the price behaviour dynamically. For example, for intraday ...READ MORENon-Farm Payroll report is an highly anticipated economic report with major significance in moving both stock markets and forex majors. See its Survival Guide for more details.READ MOREThe price where a significant move started. e.g. the resistance before break out to the upside or the support before break out to the downsideREAD MOREFederal Open Market Committee (FOMC) of the Federal Reserve in United States holds regular meetings on its interest rate and other monetary policy decisions. The post-meeting announcements are widely monitored ...READ MORETime based statistical bias useful for trade planning and as a filtering method for trading systems.READ MOREClassic chart pattern pointing to potential moves to higher price level. Its bearish version is called double top. Detail description of Double Top can be found here.READ MORE
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