Jump to content

Welcome to the new Traders Laboratory! Please bear with us as we finish the migration over the next few days. If you find any issues, want to leave feedback, get in touch with us, or offer suggestions please post to the Support forum here.

  • Welcome Guests

    Welcome. You are currently viewing the forum as a guest which does not give you access to all the great features at Traders Laboratory such as interacting with members, access to all forums, downloading attachments, and eligibility to win free giveaways. Registration is fast, simple and absolutely free. Create a FREE Traders Laboratory account here.

jswanson

The Secret Weapon of Technical Analysis

Recommended Posts

The vast majority of technical indicators perform a computation on the price or volume of an individual security.Â* While these indicators can provide valuable insights, most traders ignore the most effective type of technical indicators.Market Breadth IndicatorsMarket breadth indicators do...

Share this post


Link to post
Share on other sites

I must say i do like the Arms index. Still experimenting with it, though it does appear to be workable (i've only really looked at two week data).. My first thought was to use an OB extreme close to forecast a down day in the S&P tomorrow. Doesn't always work, i'll be looking into it some more though

Share this post


Link to post
Share on other sites

As a general rule, looking where others aren't (looking) offers the highest potential utility

 

I like the work of Ken Shaleen. It works for me..

 

His book is expensive "Volume & Interest" (published by Cutting Edge Trading). As I recall my copy bought a long time ago was about $150.00. It could be more now. An alternative (if you don't want to spend the money) is to research his comments on the Internet and try to fill in the blanks, or have someone who knows his work train you....

 

Wish I could say more about that, but I have a Globex class starting in 20 minutes and I have to finish my lesson plan.

 

Best of luck

Steve

 

PS....by the way "Technical Analysis & Options Strategies" (same author) is also pretty good for those interested in that approach...

Edited by steve46

Share this post


Link to post
Share on other sites

Market breadth indicators do not use information based on a single security, they use information based on every security - and all securities are treated equally. This is very different from calculating an indicator value on an index or exchange traded fund (ETF), most of which are capitalization weighted.

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.


  • Topics

  • Posts

    • $BAC Bank of America stock finally got the breakout , see https://stockconsultant.com/?BAC
    • $AYI Acuity Brands stock good day with a breakout above 104.85 , see https://stockconsultant.com/?AYI
    • $AXP American Express stock with a solid breakout above 97.46 , see https://stockconsultant.com/?AXP
    • $ACGL Arch Capital Group stock with a nice narrow range breakout above 31.43, from Stocks To Watch , see https://stockconsultant.com/?ACGL
    • Date : 7th August 2020.FX Update – Ahead of NFP, USD finds a bid.The narrow trade-weighted USDIndex (DXY) posted a two-day high at 93.16, extending the rebound from the 27-month low seen yesterday at 92.53. EURUSD concurrently retreated to a 1.1819 low, which is a pip shy of yesterday’s low and 2 pips shy of making it a big figure correction from yesterday’s 27-month peak. Cable posted a two-day low at 1.3098, drawing back from the 1.3187 five-month peak seen Thursday following the warily upbeat BoE outlook. USDJPY continued to ply a narrow range (less than 15 pips) around the 105.50 mark. Both the Aussie and Kiwi Dollars corrected moderately as the US currency firmed. AUDUSD, after first edging out a high at 0.7243, which matches Wednesday’s 18-month peak, ebbed to a low at 0.7196. USDCAD lifted to a three-day high at 1.3372.Front-month USOil futures were soft for a second day, maintaining sub-$42.00 levels after posting a five-month high earlier in the week at $42.52. Gold prices corrected below $2,050.00 after printing a fresh nominal record high at $2,077.85. The ascent of gold has been a reflection of investor concerns over the risk of there being an eventual pop in inflation as a consequence of massive global fiscal stimulus efforts and massive global monetary uber-accommodation, although there has been scant sign of this happening thus far, with disinflation remaining in force and with much of the US yield curve and other sovereign benchmark yields either at or near record lows. In the mix is speculation that the Fed, and possibly other major central banks, may be amid a strategic shift to allow higher inflation.The US Department of Labor’s weekly initial jobless claims will be THE key data release from the US later today, while labor market reports from Canada and the United States will be closely watched by market participants. The median forecast of economists polled by Reuters is for the Non-Farm Payroll to rise by 1,600,000, following the big miss in ADP number of 167,000 on Wednesday and the better than expected Weekly Claims yesterday of 1,186,000 compared to expectations of 1,400,000. The range in the Reuters poll estimates varies from -280,000 to 3,500,000. On the other hand, Canada is expected to add 400,000 jobs with the Unemployment Rate slumping lower to 11% from 12.3%.Always trade with strict risk management. Your capital is the single most important aspect of your trading business.Please note that times displayed based on local time zone and are from time of writing this report.Click HERE to access the full HotForex Economic calendar.Want to learn to trade and analyse the markets? Join our webinars and get analysis and trading ideas combined with better understanding on how markets work. Click HERE to register for FREE!Click HERE to READ more Market news. Stuart Cowell Head Market Analyst HotForex Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in FX and CFDs products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission.
×
×
  • Create New...

Important Information

By using this site, you agree to our Terms of Use.