Today, we will speak about an unusual strategy for fast trading or so-called scalping. The idea is to trade on small timeframes, entering the market quickly and exiting it with a small profit, opening several positions simultaneously.
Author: Andrey Goilov
This trading method, created by Ken Wood, is a very simple system. It is even said that for using this method successfully, trading by the rules suggested by the author is enough.
Andrew's Pitchfork is an instrument of graphic analysis based on the middle trendline and an equidistant channel. Unfortunately, this method of trading and analysis is not very popular among traders; however, it seems to be perfect for drawing a channel quickly and trading bounces off and breakouts of its borders.
The Turtle system features clear rules of entering and exiting the market, understandable to beginners. It is important to comply with them strictly, as well as with the market management rules, such as the risk of 1-2% per trade.
Trendlines can show where to enter in the direction of the trend and where the current trend might end.
In the article, we will discuss horizontal support and resistance levels: how to draw them and how to use alongside simple indicators of tech analysis.
The quotations of Yandex stocks demonstrate confident growth, as the whole Russian stock market does. The buyers have managed to secure above the important resistance level near 2545. By the way, this area has been attacked by the bulls twice; the first test took place in February 2018.
Last summer, Gazprom stocks showed an excellent upwards dynamic and finally broke the sideways channel where they had been moving for several years. From the technical point of view, nothing extraordinary happened: as soon as the price is leaving a sideways channel, volatility is increasing and they may easily cover the distance equal to the width of this channel in the direction of a breakout. This is exactly what we’ve seen in the Gazprom chart
Today, we shall discuss one more earning option at the stock market at the moment of dividend payment; here, there are also details, serious advantages and drawbacks.
The Fractals indicator shows well important levels on price charts, which the trader may use for trading breakouts or placing SLs.