With the recent volatility in the markets I am having a hard time understanding why anybody would buy and hold anything. It just doesn’t make sense. Why in the world would you hold onto anything that’s not performing as it should?
Out of curiosity I looked at the 10 year charts for Microsoft and IBM - [...]
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suckers
Here is an example of how easy it is to visually identify strong trends ustilizing the Heinkin Ashi technique.
Notice that the appearance of an upper wick/shadow (the circled candle) signifies the end of a strong downward move.
If you have been using candlestick charts for some time you may have come across a modified candlestick technique calles Heikin Ashi.
Heikin Ashi candlesticks utilizes modified open, high, low and close values and displays them as candles. I won’t get into the formula as it is radily available online (just do a search of “heikin [...]
This week was the start of the second quarter of 2008 and a few things of note happened.
First, the S&P Futures had a positive week - is this a market bottom or a bear bounce? Corn crosses $6 for the first time - couldn’t hold it though…. And the dollar made significant gains against most [...]
A few weeks ago I came across a great website for learning about the Forex market. Its called “Baby Pips” and is simply the best website on trading I have ever come across. If you really want to learn about trading currencies, start with the “pre-school curriculum”.
Check out Baby Pips
Look at this chart to see how beatifully the price bounced around in between R1 (resistance 1) and R2 (Resistance 2).
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