Here's a link to a site I just happened to stumble across that might be of interest to some of you guys just starting out , or veterans that could use a refresher. There's a long list of indicators on the left side that give a brief description and a sample chart... plus, pertinent links. Anyway, I thought it was an interesting site and thought some of you guys might enjoy it. www.incrediblecharts.com/technical/price_envelope.htm Have a great day!
Thanks breakout. www.stockcharts.com has a good glossary and is also an excellent site. There is a very good introduction to candlesticks over there. I've got to do some research on these K channels everyone is talking about. I don't even know what they are.
If I asked why, every time i trade i would be broke WHy is all the info on the internet free? There is alot of useful info there
I don't know, dude. I guess that's the beauty of the internet. Read the section on "stop losses"...it's good, sound advice. www.incrediblecharts.com/technical/stop-losses.htm
hey Breakout, If I'd spent as much time at this site as I did reading the posts on the Random Trading thread my life would be a lot less complicated. Here's 4 sentences which sum it all up. It will put you in the right mood to profit when random ocurrances start trending. I'm having a blast over there. http://www.incrediblecharts.com/technical/gamblers'_logic.htm
Another example of what you just might find over there. Empirical tests carried out on various chart formations by Professor Earl Davis of Purdue University were profitable between 70 and 90 per cent of the time in bull markets and between 80 and 90 per cent in bear markets. Average gains (on profitable trades) were 2 to 3 times as large as average losses (on unprofitable trades). Thomas Dorsey describes the results of the study in Point & Figure Charting, including which formations had the highest success rates