Non-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.
Open 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 ...
Consolidation that drift down slowly after an up swing. A bullish continuation pattern. The bearish version of bull flag is a bear flag. You can find detail explanation of the ...
Daytraders 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, ...
Federal 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 ...
Plunge Protection Team (PPT) is the nickname for Working Group on Financial Markets. The term was branded as a myth by the financial industry until it was exposed and subsequently ...
3 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 ...
Many 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 ...
Inverse Head and Shoulder is the upside down chart pattern of Head and Shoulder. Contrary to popular subjective usage or description, IHS should not have its right shoulder dropping below ...
Measured move is a highly structured price movement that consists of 2 swings in the same direction with a pause in-between. Detailed explanation can be find in this article