July 2015
Intermediate to advanced
352 pages
9h 40m
English
book
A Technical Approach To Trend Analysis: Practical Trade Timing for Enhanced Profits
by Michael C. Thomsett
Content preview from A Technical Approach To Trend Analysis: Practical Trade Timing for Enhanced Profits
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The Nature of Gaps
There are many “rules” in technical analysis, not all universal. For example, some analysts suggest that gaps are valid indicators only when confirmed by volume. It is true that gaps and volume spikes go together, but volume by itself is not always enough of a signal to draw conclusions about what the gap means. It could be strong retracement, breakout, or just coincidence. A more accurate rule is that when you find gaps and volume spikes together and they occur close to resistance or support, it probably means something important is about to happen. Even then, independent confirmation in at least one other signal is crucial.
Confirmation is always required, and this “rule” is more universal. Gaps and volume are frequent companions ...
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I wanted to learn C and C++, but it didn't click for me until I picked up an O'Reilly book. When I went on the O’Reilly platform, I was astonished to find all the books there, plus live events and sandboxes so you could play around with the technology.Addison B.
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I'm always learning. So when I got on to O'Reilly, I was like a kid in a candy store. There are playlists. There are answers. There's on-demand training. It's worth its weight in gold, in terms of what it allows me to do.