Day Trading Chart Patterns
- Length: 2:59
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- Author: StockTradingMaster
One of my preferred day trading chart patterns to swing trade short term is the Symmetrical Triangle. The Symmetrical Triangle chart pattern is kind of weird for the reason that it seems as if energy increases as the stock travels closer into the head of the pattern then it abruptly does a breakout. The anticipated target of the breakout move is equivalent to the distance the stock traveled going into the pattern. Nevertheless you ought to use the Symmetrical Triangle formation in correlation with other technical indicators like the MACD. The MACD needs to have the signal and the divergence lines both trending higher. For calculating when to sell after the breakout move, I choose to use the Slow Stochastic. Something that I will do is fiddle with my Slow Stochastic settings for the stock or market I am stock trading. You can check out the previous video I did about the dynamic tool I use to accomplish this in a couple of seconds. After you have the settings for your stock trading style and that have generated at least 3 good buy and sell signals, you will have your exit mark. Currently in the Market Vectors Steel ETF (SLX), the optimized Slow Stochastic settings are 4, 4, 2. The objective is to purchase as soon as the stock does a breakout, and exit out of the market on the Slow Stochastic cross of the %K and %D lines. I dig this chart as well for a possible re-entry. We have done a textbook Fibonacci retracement of 38.2% after the Symmetrical Triangle breakout. The Slow ...
WinForms Charts - Exclude Weekends and Holidays
- Length: 6:11
- Views: 2
- Author: DeveloperExpress
When creating charts to display data, it is important that the resulting presentation is easy-to-read, with no gaps to disrupt the flow of information being represented. This is crucial in financial or daily sales charts that require weekends and holidays to be excluded from the diagram. Starting with version 10.2 of DXperience, the XtraCharts Suite introduces a feature to easily exclude weekends, standard and custom holidays, or simply to allow you to modify the work week and display only the dates that you require in your chart diagram. In this demo, we'll look at a step-by-step approach to bind an XtraChart control to historical stock data, and then exclude weekends and any holidays to remove the gaps displayed on the chart.
Pristine Day Trader Newsletter Tour
- Length: 2:12
- Views: 21
- Author: PCH711
Subscribe Today: www.pristine.com The Pristine Day Trader is a publication you must receive if you are trading the markets all, or part of the trading day. This letter begins with precise market comments. Not just a re-hash of what happened the prior day, but specific guidance as to what the current day may look like, how to trade it, or how to use it as a bias for trading equities. Then, trading ideas are listed based on gapping stocks that morning. Gapping stocks are a niche that many traders trade exclusively due to the strong moves that often occur after a stock gaps. There is then a watchlist of long and short candidates. All this information delivered timely before market opens. Day Traders should not trade without it.
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