Search Result (2 Snaps)

How to Read a Chart & Act Effectively | PL: 14  Category: General | Comments (0) 2010-06-08 08:02:15 Natural size How to Read a Chart & Act Effectively Introduction This is a guide that tells you, in simple understandable language, how to choose the right charts, read them correctly, and act effectively in the market from what you see on them. Probably most of you have taken a course or studied the use of charts in the past. This should add to that knowledge. Recommendation There are several good charting packages available free. Netdania is what I use. Using charts effectively The default number of periods on these charts is...   Tags: charts, intraday trading, trade scenarios   Member: Nils, Stockholm | 1 Snaps

Dynamic Support & Resistance Levels for Intraday Trading | PL: 115  Category: Training | Comments (0) 2009-12-29 07:31:46 Natural size Dynamic Support & Resistance Levels for Intraday Trading As helpful as Pivot System levels often are, a significant drawback to their use lies in the fact that they are calculated from the prior day's price action, and may not accurately reflect recent changes in market psychology. Effective intraday trading also requires a means of identifying support and resistance which can more easily adapt and more accurately represent price activity under rapidly changing market conditions. The 20 period Exponential Moving Average (20EMA) can be used to...   Tags: Forex Trading, Intraday Trading, Support Levels, Dynamic Support & Resistance Levels, Pivot System   Member: Paul | 1 Snaps