ARTICLE SYNOPSIS ...RSI Trends by Cory Mitchell What does the behavior of the relative strength index within a trend tell you about the strength of the trend? While one common method uses divergence between the relative strength index (Rsi) and price, we can go beyond that and find out if a trend is likely to continue. We can do so by looking at certain Rsi levels contained in a trend; this provides us with valuable information for making trades within the current trend. Watching for breakouts of these Rsi levels can also provide us with confirmation for what is happening with price. SUPPORT AND RESISTANCE L...
ARTICLE SYNOPSIS ...The Trading Plan by Cory Mitchell When creating a trading plan, you have to take into account all the possible contingencies. Here are the steps you should go through when designing your game plan. Atrading plan is your carefully thought-out and tested way of approaching and beating the market over the long term. It is the course of action for entering, exiting, and managing your trades so that all contingencies are considered before a trade ever takes place. With such a plan, emotions are left out of the trading equation, and only tangible criteria are used to make trades. Emotions can caus...
ARTICLE SYNOPSIS ...Read The Future By Looking Back, Old Trendlines to Predict Future Movements by Cory Mitchell, CMT Can you extend old trendlines into time and use them to anticipate future price movements? Trendlines are well known to most traders, but most traders don't know all the ways trendlines can be used. Trendlines are often drawn, but when they are broken they are deleted. While a trendline does provide the function of acting as support in a downtrend or resistance in an uptrend, as well indicating a break of those trends when the trendline is broken, you can continue to extend old (broken) trendlin...
ARTICLE SYNOPSIS ...The Overlooked But Profitable Volume by Cory Mitchell It's ubiquitous, easy to use, and can lead to outstanding results. The number of stock shares that change hands over a given length of time is one of the most significant pieces of information we have. Yet more often than not, the average trader takes that information for granted. Volume is provided, by default, on any website that provides stock data, in newspapers, and on charting websites and software. Volume information can be found almost everywhere, which may be the reason many traders don't pay as much attention to it as they shoul...