December 2013
Beginner
744 pages
20h 2m
English
Content preview from High-Powered Investing All-in-One For Dummies, 2nd Edition
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Chapter 5
Transforming Techniques into Trades
In This Chapter
Surveying channels
Identifying moving averages and momentum
Discovering that volatility won't bite you
Using combinations of indicators to make trading decisions
Chapter 4 in Book X reviews patterns and lines, emphasizing the key concepts of support, resistance, and breakouts of support and resistance. This chapter takes a look at the math-based indicators that make up the bulk of technical indicators and help you fine-tune your trading. Don't panic at the word “math.” Although some chartists do use advanced math, you have plenty of choices among indicators that use simple arithmetic — addition, subtraction, division, and multiplication.
Math-based indicators fall roughly into three categories:
- Trend: Direction of the trend
- Volatility: Reliability of the trend
- Momentum: Strength of the trend
Volume may be added as a confirming indicator to all of the price-based indicators. Whether it can stand alone as the sole criterion for buy/sell trading decisions is debatable.
This chapter also covers ways in which you can combine ...
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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.