When the market opens up and then fades down below the low of previous day — Bears are good and feel accomplished. During the last couple of hours, it reverses course and ends up closing above the last trading session. This makes bulls cheer up, and leaves bears holding the…


Price Action pattern by MommyTrades….

I would like to say a big ‘Thank you’ to Mommy trades for sharing a trading setups from her archive of Three Trading setups that she talks about on her website.

In her own words “I like to trade without any emotions involved. Let the charts do the talking and…


One of the very first indicators I started using in my personal trading was RSI — Relative Strength Index. Usually the default setting that everyone like to stick with is RSI setting of 14 periods, but that can provide less number of signals in a day. Few traders solve that…


Heiken-Ashi is a Japanese term that means ‘Average Bar’. It is a useful technique that you can use with your normal candle stick analysis to trade reversal or continuation trades. In other words, it can provide confidence to your trading set up and make charts more readable.

Heikin-Ashi candlesticks use…


You must have heard the phrase, ‘Trend is your friend’.

Identifying the market bias correctly is key in improving your trading results. Price patterns, support & resistance levels can help in limiting your risk. The real edge comes mainly from getting the trend right. …


Thought Process: When the stock is in a bull trend, every bearish candle gives hope to the short traders that it is the top and we are in newly formed bear trend, which will provide ample profits.

We all know what happens 80% of the time.

Unfortunately, in the trading…


Nobody likes uncertainty. In addition, when you are uncertain, and restless — you make mistakes. Emotion and jittery kicks in which makes situation even worse.

Here is a dictionary definition
“vague; indistinct; not perfectly apprehended”

If you apply that feeling to your trading set ups, it usually happens when you…


Thought Process: The price of a stock or any other security rises when buyers are willing to buy at a higher price. As the price moves up, so does their profits. Traders in long positions track the prices carefully, and want each subsequent price candle to close higher. …


Generally, we as traders want the market to be volatile and make directional moves to book some profitable trades. (Of course, there are strategies you can use to profit from range bound markets; such as Credit spreads etc.). Let us keep those out for now.

Congested market is whenever the…


Thought Process: Stock prices do not always keep falling and similarly they do not go up in a straight line. There are support and resistances, peaks and valleys, buying and selling zones — Whatever you want to call it. The point is that these are excellent price points for trade…

iTradePrice

iTradePrice is a Twitter based platform for active traders interested in chart-based trading setups and technical analysis.

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