The dragonfly doji is a candlestick pattern used in technical analysis to signal a likely positive reversal in a preceding downward trend. A dragonfly doji occurs when the high price, open price and closing price are all the same, generally at the top of a significant downtrend throughout the day’s trading. The return of the […]
The double top reversal is a chart pattern that indicates an upcoming price reversal for a security. The defining feature of the double top reversal is the two peaks with a moderate trough between, the second of which will be followed by a sharp downtrend that reverses all the gains leading into the price peaks, […]
What’s up, everyone? All right. So here we are, Monday morning, June 4th, back in the saddle, and you know what? This is part of trading. I got knocked down on Friday, and I got right back at it Monday morning. The whole weekend I was really just … I wanted to get back […]
What’s up everyone. You probably didn’t see me I was just over there digging myself a hole. It’s a huge hole. $16,000 deep, it’s one of the biggest holes of all time. So I gave myself a project for the month of June and good thing I like challenges, because now I’ve gotta work myself […]
What’s up, everyone? All right, so here we are, end of May. It’s been an incredible month, some big, big green days, but some pretty big red days, so I’m finishing the month with $75,000 of profit, but I started the month with a $3,000 red day and I’m ending with a $3,000 red day, […]
The money flow index, or MFI, is a momentum indicator that measures the flow of money in and out of a security over a specific time period. The money flow index is similar to the relative strength index, or RSI, but it adds the trade volume to the RSI’s price action analysis. Calculating the Money […]
What is the volume rate of change? The volume rate of change, or VROC, is a technical indicator used to measure the rate of change in the trade volume of a security. Volume is an important component of virtually every trading strategy based on technical analysis, and is a key indicator for many strategies. Therefore, […]
What’s up everyone? All right, so here we are back from a long weekend, and starting Monday, or starting Tuesday with a small win of $537 today. Not a lot of profit, but green is good. I was up 600 on Friday, and now 500 again today. So yeah, it’s kind of like right now, […]
What’s up everyone? All right, it’s Friday, weekend is here. Today was another green day, which is awesome. This week, a little bit choppy, three green days, 2 red days, and I’m finishing the week, more or less, flat. And that’s a little shy of what my goal was, but I’m finishing in the […]
What’s up, everyone? All right, so here we are Thursday morning finishing the day up. 1600 bucks, which on the surface, hey, that’s a great day. $1600, boom. Green is good, but when you dig a little deeper, you’ll see that on my second trade, I made $8000. A huge $8000 winner and then I […]
