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Trendlines and Channels- Draw a manual Trend line

Trendlines and Channels- Draw a manual Trend line

Trendlines & Channels As mentioned earlier, a trendline is a straight line drawn over the price to connect the swing highs in a downtrend, or under the price to connect the swing lows in an uptrend, to represent the main direction of price and to identify areas of support and resistance. Pivot points are essential in drawing trendlines. Pivot points ... Read More »

Bullish trend-Downtrend – identify Support and Resistance levels

Bullish trend-Downtrend – identify Support and Resistance levels

  A trend is the general direction of price movement. The trend can be ascending (bullish or uptrend), descending (bearish or downtrend) or flat (ranging). The names of the trends come from the way the animals attack their victims, the bull with its head bowed moves from low to high, and the bear on its feet moving from high to ... Read More »

Relative Strength Index RSI – easy and accurate indicator

Relative Strength Index RSI – easy and accurate indicator

Relative Strength Index (RSI)   The RSI is a momentum oscillator indicator , and it measures the speed and change of the price movement by comparing a market’s gains to its losses and plotting that on a 0 to 100 scale. Basically, if the RSI is less than 30, it means the market is oversold and the price will eventually ... Read More »

what is the trending market !

what is the trending market !

  what is the trending market ! A trending market is simply a market that is consistently making Higher Lows (HLs) and Higher Highs (HHs), or a market that is doing the inverse – moving down and making Lower Highs (LHs) and Lower Lows (LLs). See below how the Dow Jones was in a nice bullish uptrend. As you can see, the ... Read More »

Trade with MACD – Most profitable indicator

Trade with MACD – Most profitable indicator

  The Moving Average Convergence-Divergence, or simply the MACD, is a trend-following momentum indicator. It describes the difference between two Exponential Moving Averages (EMAs). Basically, convergence occurs when the two EMAs are moving closer together as the difference between them gets smaller, while divergence occurs when they are moving apart because the difference between the EMAs is getting larger. The MACD ... Read More »

Calculate The Value Of A Pip

Calculate The Value Of A Pip

How To Calculate The Value Of A Pip !   There are many great online calculators that will help you determine the value of a pip, but very few traders can do it on a piece of paper. This is a very short guide that presents you with the formulas you need to calculate the value of a pip, should you choose ... Read More »

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