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How to Day Trade Using the Gann Square
Gann The trading concepts used by William Delbert Gann or W.D. Gann as he is fondly called is a name in the financial markets that instantly brings intrigue and mystery, not to forget the fact that...
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3 Simple Strategies for How to Use the New Highs/Lows Ratio when Day Trading
The new High new Low ratio is a technical indicator that is very simple. It measures the number of securities trading on the New York Stock Exchange (NYSE) which have hit a 52-week high and counts the...
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Tape Reading (Time and Sales Window)
Reading the tape is one of the essential indicators when active trading. Many traders know about the hundreds of indicators readily available on most trading platforms, but very few have an idea of...
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5 Reasons Tick Charts Complicate Trading
Most day traders have a love or hate relationship with tick charts. Meaning, either you cannot trade without the tick data, or you absolutely despise the use of tick data as it can complicate making...
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Level II Quotes – Primary Tool for Active Traders
Level II Quotes The Level II quote window provides the data for pending orders in the market. It displays the size of the best bid and offers with their respective depths. Day traders use level II to...
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Best Day Trading Chart Indicators
When you are just starting to take baby steps in trading, usually the first thing you are concerned about is what are the best day trading indicators and chart configuration you should use. Wouldn’t...
View ArticleTrade Volume Index (TVI) – Technical Indicator
Trade Volume Index Definition The trade volume index (TVI) detects whether a security is being bought or sold based on tick data. The TVI provides a trader more insight into the amount of buying and...
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2 Simple Fibonacci Trading Strategies
0, 1, 1, 2, 3, 5, 8, 13, 21, 34, 55, 89, 144, 233, 377…do these numbers look familiar to you? Not really, right? If not, then you definitely need to read the following material. These numbers are the...
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4 Simple Slow Stochastics Trading Strategies
Slow Stochastic Definition The slow stochastic indicator is a price oscillator that compares a security's closing price over "n" range. The most commonly used range for the slow stochastic indicator is...
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How to Use Trendlines with the Elliott Wave Pattern
Trend Lines Definition Trend lines are one of the oldest technical indicators. Trend lines are used to identify and confirm existing price trends. They can be drawn on any time frame and can be used on...
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Why Professional Traders Prefer Using the Exponential Moving Average
Technical analysis boils down to predicting the future directional movement by studying past market behavior and you would not likely find a better way to assess the market than moving averages. Today,...
View ArticleBroad Market Indicators for Day Trading
Day Trading Indicators Day trading on any timeframe chart requires the knowledge of how the general market is behaving. You want to make sure that all boats are sailing in the same direction to give...
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4 Simple Volume Trading Strategies
Why is Volume Important? Volume analysis is the technique of assessing the health of a trend, based on volume activity. Volume is one of the oldest day trading indicators in the market. I would dare...
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3 Ways to Use a Displaced Moving Average (DMA) in Addition to Your Trading...
What is a Displaced Moving Average? As you have probably noticed, the name “displaced moving average” pretty much contains the answer to this question. The displaced moving average is a regular simple...
View ArticleRandom Walk Index – Technical Analysis Indicator
Random Walk Index Definition The random walk index (RWI) is a technical indicator that attempts to determine if a stock's price movement is random or nature or a result of a statistically significant...
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3 Simple Price Oscillator Trading Strategies
Price Oscillator Definition The price oscillator displays the difference of two moving averages in either points or in percentages. This technical indicator is very similar to the MACD, but there are...
View ArticleGlossary of Technical Analysis Terms
Technical analysis is a means of being secure as a trader in the stock market. It provides the discipline on how to be able to predict movement in prices by studying past market data on price and...
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How to Trade with the Tick Index – 2 Simple Strategies
Many of the technical indicators discussed on the Tradingsim blog deal with assessing a particular stock or ETF. However, in this article we will cover the tick index, which is a broad market momentum...
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How to Day Trade with the Commodity Channel Index (CCI)
Commodity Channel Index Definition The commodity channel index (CCI) is an oscillator used to identify cyclical trends in a security. It gained its name because it was originally used to analyze...
View ArticleTick Volume – Technical Analysis Indicator
Tick Volume Definition Tick volume is measuring every trade whether up or down and the volume that accompanies those trades for a given time period. If you are a day trader or a short term swing...
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