The Island Reversal Pattern is a chart pattern that involves a gap in price, consolidation and then another gap in the opposite direction (creating an island of candles as you’ll see in the below charts). Intro In their attempt to understand the movement of prices in different financial markets, pioneers of technical analysis techniques have… Continue reading Everything About the Island Reversal Pattern
Tag: Technical Trading
Market Overview for Week of March 21, 2022
It was another eventful week in markets with the Fed dipping their toes into hawkish water for the first time since 2018, Russia and Ukraine still failing to reach a peace deal or compromise, and insane price action in the Chinese stock market. Before we go over what happened this week and what will happen… Continue reading Market Overview for Week of March 21, 2022
The Nickel Short Squeeze: What Happened?
The Russia and Ukraine crisis have created countless second and third-order effects in markets that it’s dizzying. Last week, we saw the nickel market come to a complete halt and shut its doors for over a week in response to a violent short squeeze. In short, Russia is the world’s third largest nickel producer and… Continue reading The Nickel Short Squeeze: What Happened?
Market Overview for Week of March 14, 2022
It was a very eventful week. We can’t possibly get to everything and still keep things brief. Keep in mind the Stalin quote – “there are decades where nothing happens; and there are weeks where decades happen.” when trading these markets. The Russia/Ukraine war is still going strong with the Russian troops just nine miles… Continue reading Market Overview for Week of March 14, 2022
Market Leaders And Why They’re Important
“Watch the market leaders, the stocks that have led the charge upward in a bull market. That is where the action is and where the money is to be made. As the leaders go, so goes the entire market. If you cannot make money in the leaders, you are not going to make money in… Continue reading Market Leaders And Why They’re Important
Why The Stock Market Closes
A stock market or a stock exchange is a physical place or digital platform where day traders and other types of investors buy or sell stocks or shares of publicly listed companies. The Frankfurt Stock Exchange, founded in the late sixteenth century, is the world’s oldest stock market. A stock or a share represents… Continue reading Why The Stock Market Closes
How To Have An Endless Source of Trading Ideas
If you want a TL;DR for this article, the main idea is that creating a consistent and easily repeatable process for your trading is the best way to never run out of trading ideas. Endlessly tweaking screener parameters and cycling through different software platforms doesn’t generate ideas–those are simply tools that make your process quicker… Continue reading How To Have An Endless Source of Trading Ideas
ORTEX Financial Analytics Review 2022
Value For Investors Value For Active Traders Commissions & Fees Platform & Tools Customer Service Summary ORTEX is a new financial analysis and research firm. Based in London, its digital tools can be used to scan for US and foreign investments. Several asset classes are available. Let’s check it out. Pros Tons of data on… Continue reading ORTEX Financial Analytics Review 2022
Stock Market Overview For Week of March 7, 2022
It was another week with a VIX above 30, whipsaw price action in the US indexes and relentless bullishness in crude oil. This is all of course a direct result of the uncertainty created by the volatile situation in Ukraine. Before we move onto the situation in Ukraine, let’s take a look at what markets… Continue reading Stock Market Overview For Week of March 7, 2022
What Are Market Internals and How To Use Them
Market internals are indexes that serve to provide additional context beyond price about how the broad stock market is performing. or example, the most popular market internal is the Advance-Decline Index, which is a measure of the net number of stocks that went up today (number of advancing stocks – number of declining stocks… Continue reading What Are Market Internals and How To Use Them