In this section we provide articles to help develop the reader’s technical analysis knowledge base and to highlight ways in which technical analysis tools can be used for successful trading decisions.
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The Fibonacci sequence of numbers has been used in trading strategies for many decades now and is a valuable tool in the identification of important levels to monitor when trading markets. In this article, we will look at: The historical and mathematical basis of the Fibonacci numbers An outline of the various Fibonacci numbers used … Continued
What is a Trend Line? A trend line is a line drawn between either successive higher swing lows, which is an uptrend line, or between consecutive lower swing highs, in that case a downtrend line. The trend line is used to signify both the direction of the trend and also to be used as either … Continued
Below we provide a glossary of key Technical Analysis terms. These range from the basic, through intermediate, to more advance terms used in the Technical Analysis approach to markets. Here we start with those terms beginning A through to P. You can click on a letter to find your section quicker. A – B – … Continued
Technical Analysis has a long history and in Europe can be traced to the 17th century writings of Joseph de la Vega about the Dutch Stock markets. In 18th Century Japan, Homma Munehisa, a very successful rice futures trader developed the Candlestick trading approach, which is still used today. Charles Dow Jose De La Vega … Continued
There are three basic tenets of technical analysis as follows: Market price action discounts everything. All information that is both relevant and available is already built into current prices. Price action moves in trends over various time frames. These trends are either down, up or sideways. History will tend to repeat itself. The common factor … Continued