Tag Archives for " charts "
Depending on the type of daytrader you are, you may (or may not) find this fast-moving, high risk trading system useful. It goes without saying that trading on a one minute chart is only viable if you are in and out of a position quickly. Taking on a strategy in this time frame means taking […]Continue reading
Do you understand why support and resistance is so important to those who are day trading? It’s not some mystical chart pattern, there is a simple reason why these areas form on a chart, and if you don’t understand why that is you are setting yourself up for a lot of pain. Support and resistance […]Continue reading
The RSI Indicator is short for Relative Strength Index. It is a commonly used type of momentum indicator for technical analysis charts which shows you overbought and oversold levels of a price. it performs a calculation on the amount of “up” closes divided by the amount of “down” closes over a set period of days, […]Continue reading