Legendary traders – wells wilder new concepts in technical trading

Wells Wilder wrote perhaps one of the most innovative trading texts ever and New Concepts in Technical Trading published in 1978 remains a classic. The book single-handedly revolutionized the way myself and other traders viewed technical analysis...

RSI, ADX, DMI, Parabolic, volatility breakouts, pivot point reversals are used as standard by many traders but it was Wilder who bought them to the fore and gave us indicators and thoughts which even a quarter of a century later remain tools that are essential for many savvy traders.

If you want to become a better Forex trader then check out Wells Wilders thoughts and indicators and you will get an edge in your quest for profits.

The book was of course written before computers were mainstream and the indicators are easily plotted today and of the indictors enclosed in the book, I find the ADX and RSI as profitable today as they have ever were. If you have not used them, try looking at these profitable trading strategies which are my two favorites.

The ADX

Is used to show if a market is trending and the strength of a trend and a great way to use it is as a profit taking signal; simply look for the ADX line to move above 40 and turn down and look to bank profits from the existing trend.

The RSI

Combine this with another classic indicator and the stochastic and do this:

Watch for stochastic crossovers from overbought or oversold with bullish or bearish divergence, backed up by the RSI being bearish or bullish, to time your trading signals with greater accuracy.

The other indicators have value to of course - but the above two indicators I have found particularly useful and can be used by any trader, to increase profitability and reduce risk.

Study Wells Wilder indicators and thoughts and you are learning from a true market master, who's work is just as valid today as it ever was.

Understanding technical stock market analysis

An understanding of technical stock market analysis can be a valuable tool in determining the trend of any market and assisting with entry and exit levels for your trades. Using technical analysis to determine when a market is trending (and just as importantly, when it is not) is a good way of putting the odds in your favor when you enter the market.

As a general rule, strongly trending markets have small reactions of between 1 and 4 bars on any chart you may be looking at, so we are always trying to enter trends that meet this criteria. These bars can be for time periods of a little as one minute for day-traders, up to weekly or even monthly charts for long-term investors. Read more...

Explaining the term technical analysis

The study of a security's price action for the purpose of forecasting profitable price trends and movement is known as Technical Analysis. The price action is defined as movement in a security's price, volume, and open interest. 

Technical Analysis is primarily, maybe not exclusively, conducted by studying charts of the recent past price action. Many different methods and tools are new in Technical Analysis, but they all rely on the superlative assumption that price patterns and trends exist in markets, and thus, that they can be identified and exploited too.  Read more...

Technical indicators in forex trading: understanding their limitations

Forex traders often look at technical indicators such as Bollinger Bands, Pivot Points, MACD, Moving Averages and the such to help them determine where to enter or exit trades. Using technical indicators is fine, however many traders overemphasize their importance or just plain misunderstand them.

Many forex traders think that they can simply download an indicator and then mechanically apply it into their trading and do so profitably. This is just a plain illusion. Successful traders realize that there is a lot more to using indicators than just asking them to generate buy/sell signals or pin-point exact entry points. Technical indicators for them represent just one part of their trading strategy.  Read more...

Tips to avail the best technical support

When your computer starts creating problems and giving way for errors every now and then, you cannot find the solution, you want someone to do that can fix it within minutes but then you notice that your warranty with the manufacturer has expired. Such situations create a need for taking the help from online technical support vendors who run 24x7 support.

Outlined below are tips which can help you to narrow down on the most appropriate online  technical support  resource:

1. Always shop around. This gives you a chance to compare the services as well as their prices.  Check different kind of  computer support  companies and go ahead with the one which seems to offer better service at the most reasonable charges. It is completely futile to pay loads of dollars for something which you will use just once or twice.

2. Sign up for trial plans if any computer help company has provision for that. It gives you a chance to check the quality of support offered. Ensure the terms and conditions with the technical service provider.

3. Technicians may ask for a remote supervision of your PC. If you are sure of safety and security of your personal data, do let the expert to handle the system remotely as that reduces the time and effort on both the sides. As such, you can control the actions taken on your system to avoid any breach in security. Ensure you don’t keep your personal or any other confidential data open at the time of remote connection session.

4. Online computer support services are available at all times and advantageous in terms of cost benefits. These services cost less than asking a technician to visit at your premises or taking your computer to some technician for repair.

5. Try to find support from an expert or a leading computer support company as it confirms the quality of services. This offers goodwill for you as well as the expert; they keep records of your computer issues/errors from the past and also offer the relevant solution relating to whatever trouble you are facing.

All these reasons make online computer support services worth your money!

4 types of technical indicator you need when trading forex

If you have any experience in using any kind of charting packages to assist you with your forex trading, you will know that there are endless different technical indicators you can use. In this article I'm going to be asking what are all these indicators and which ones do you really need? 

As you can guess from the title of this article, there are essentially four different types of technical indicator and they are as follows: Read more...

Technical or fundamental analysis (forecasting) – part 2

Fundamental Analysis must be noticed too. 

In part one of this article, I noticed some advantages of technical analysis and emphasized that technical analysis is superior to fundamental analysis. At the end of this article, I've put the link to part one.  Read more...

Why you should outsource technical support services

24 X 7 technical support services play a key role in achieving high levels of customer satisfaction and retention levels. Round the clock technical support services not only help users solve specific problems with a product or a service but also play a major role in defining the brand against competition. Availability and prompt delivery of technical support services are the key differentiators in this fiercely competitive domain. Technical support is delivered over the telephone or via various online media such as e-mail, chat or a Web site. 

Primarily technical support is provided at enterprise level and customer level. Enterprise technical support offers assistance for small to large businesses who are customers of enterprises. Rapid response and resolution of critical issues effectively improve uptime, ensure high levels of efficiency and help in honoring stringent SLAs’ thus playing a pivotal role in retaining customers. Read more...

Getting through with technical writing

Technical writing is a bit of a misunderstood profession that is carried out by very competent and talented professionals. A technical writer’s job is to take information about a product, process, or service and present it in a way that is able to be understood by whatever the intended audience would be. For example, if a technical writer were asked to write instructions on how to assemble a piece of furniture the first question the technical writer would ask would be about the intended audience. If it is determined that the average consumer would be the intended recipient then the information would be presented in a way that is easily understood by someone who is not an engineer or technically inclined. The technical writer’s understanding of the product may be limited but it is their job to know the intended audience and collect the information necessary to get the point across.

In most cases a technical writer is not the person that created the product, process, or service. If we continue by using the furniture example above the technical writer is not the engineer that designed the furniture and they are not the person that created and packaged the pieces that make up that furniture. The technical writer is a translator that takes information from the engineer and the production people and puts that information into the format that has been requested. If a more technical set of documents was required then the technical writer would need to have enough of an understanding of the product to be able to put engineering terms into a format that is useful to other engineers.

Read more...

Choosing a career and technical school

Many of us may not be able to pay for a college education. Worse still, we might not have the grades required to get into a college of our choice, or to study in the field we are interested in. But, these factors shouldn't hold us back from pursuing our dreams and a right to good education. In such cases, career and technical schools prove to be a very good option to attending college, whatever the reason may be. 

Duration Read more...

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