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8 Technical Analysis Tools That Give Any Trader an Edge
You may have seen a TV ad where "traders" describe their strategies, and one says, "I trade on fundamentals." That sounds very reassuring -- except that, on any given day, "fundamentals" are a mixed bag:
You might have a good U.S. employment report...but bad news from Europe
A positive Fed statement...but a negative housing number
Strong earnings...but slowing consumer spending
Floor traders' view of Crude Oil Futures, Egypt Crisis, & S&P Emini Futures
Willy Ocier-led Belle Corporation or BEL in the Philippine Stock Exchange was one of the top stories in the domestic stock market in 2010. It was actually a sleeper during the first half of last year. Imagine, it was only trading at around PHP 1.80 in July before it eventually made a move north. From August until the end of 2010, it rose from PHP 1.85 to PHP 4.60.
United Airlines shows strong fundamental and technical traits, with a timely entry at the beginning of 2011. This article talks the reader through multiple avenues of technical analysis on the charts, including Fibonacci retracement, point and figure charting, stochastics, and moving averages. All show strongly bullish characteristics.
Top In The USD Index Chart? Here's Why We Think So.
We think there is a top forming on the USD index chart that could be very fast in heading lower. It's coming into a massive area of resistance with an overhead Fibonacci Retracement level as well as the 50 Day Moving Average. The topping process should take a couple days, but this currency is way over-bought at this point.
The practice of buying and selling stocks, currencies, futures contracts or stock options in the same trading day is known as day trading. Someone who buys and sells stocks through out the same day is known as a day trader. They come in two types; Institutional day traders or retail day traders.
How the Magic of Fibonacci Retracement Can Help the Investor
When it comes to technical analysis, Fibonacci retracement is a very powerful tool used by traders on the stock market and currency markets. It was discovered by a 12 century monk know as Leonardo de Pisa who was known to his friends as Fibonacci. He discovered a mathematical sequence that appears throughout nature.