Hidden support and resistance is virtually unknown to a majority of traders. Yet this phenomenon is responsible for many of the big trends and corrections that we see play out in markets over the longer time periods.
When you do any kind of trend trading, the ADX is one indicator that you will want understand well. The ADX is especially good at highlighting trends, where they begin and where they’re likely to end.
Elder’s triple screen was first used as a stock trading strategy but it’s widely used in forex and other markets as well. It is essentially a trend following system.
When working with a trading platform, we usually become accustomed to looking at charts in just one particular timeframe. Perhaps it’s the one that’s proven most profitable in the past.
In renko charts, price movements are reduced to a few simple patterns and that makes them effective at locating trends, reversals, supports and resistances.
Renko charts are a great way to analyze the market from a completely different perspective. If you like to cut to the chase and look at raw price action, then renko charts certainly are worth the time needed to learn them.
Perhaps one of the simplest trading strategies of all is that of the moving average crossover. Simple and exponential crossover strategies have a wide...