How to make use of Support and Resistance nuances of Chart Patterns for even Greater Opportunities
30 of November, 2010
By, Raghee Horner Autochartist is a powerful market scanning tool which allows any trader to anticipate and react to the elements of a trend, support and resistance. Three factors which form the basis of chart pattern trading. To best navigate the Autochartist platform and to get the most benefit from the chart pattern alerts traders [...]
Understanding Historical Pattern Tendencies
29 of November, 2010
by, Raghee Horner Chart patterns are one, if not the oldest, methods of chart and price analysis traders use. In fact, the popularity of chart patterns continues to rise for one reason: they work! However, as powerful the tool of chart pattern analysis is, it can often be a very time consuming and subjective task. [...]
Trending Pattern Types
25 of November, 2010
by, Raghee Horner For all trading styles understanding the trend of the market is key. To get the most effective chart pattern set up the direction and strength of the trend must be known. There are basically two types of chart patterns: trending and non-trending. Trending pattern types on the Autochartist platform are rising and [...]
Non-Trending Pattern Types
22 of November, 2010
by, Raghee Horner Non-trending chart patterns are powerful ways to capitalize on the indecision or confusion in the market. However, knowing whether the market is undergoing indecision or confusion is the key to knowing how to react to the decision levels on the chart. Consolidation and congestion can be seen in sideways range-bound markets. There [...]
Add another Dimension to Your Autochartist Chart
21 of November, 2010
by, James A. Hyerczyk There are a number of methods to determine support and resistance, but the two most prevalent are horizontal and diagonal. The horizontal support and resistance levels consist of tops, bottoms, and percentage retracement lines. They are known as horizontal support and resistance because when drawn on a chart, they extend far [...]
“A Rising Tide Lifts All Boats”
20 of November, 2010
By: James A. Hyerczyk This trading strategy combines a bullish/bearish Stock Index chart pattern with a bullish/bearish individual Stock pattern. Using the theory that “a rising tide lifts all boats”, this strategy looks for an individual Stock or CFD that has a pattern similar to the pattern in the Stock Indices. In other words, if [...]
“Patterns within Patterns”
19 of November, 2010
By: James A. Hyerczyk Using a Shorter Length Pattern to Anticipate the Confirmation of a Longer Length Pattern Often the decision is made to follow a particular pattern, but because of the length of the pattern, it takes a long time to develop. At the same time, a shorter-term pattern in the direction of the [...]
Trending Chart Patterns
18 of November, 2010
By: Raghee Horner Although most traders believe that when a trending chart pattern has been alerted it means that the market is indeed in a trend, this is not necessarily the case. Trending patterns can and do emerge in non-trending market environments too. Keep in mind, chart patterns are a culmination of trendlines, support, and [...]
Non Trending Chart Patterns
17 of November, 2010
By: Raghee Horner When a market moves in a sideways direction there are two potential scenarios to identify. Firstly, a market which moves in a narrow, sideways range with lower volatility typically represents a “wait and see” market sentiment. Secondly, it may be identified as a market where the range is wider and volatility higher. [...]
Autochartist Adapts to Your Trading Style: New Search Criteria Options
16 of November, 2010
By: James A. Hyerczyk After serious study or a serious hit to his wallet, a trader often has to determine whether he is better suited to trade breakouts or congestion. It seems at times that a trader may spend days tying to pick a top but then when the market breaks down sharply, the trader [...]