A bear chased two hikers. One hiker, while being chased, stopped to put on running shoes. As he was changing out of his hiking boots, his companion looked at him in horror and exclaimed, “What in the world are you doing? You’ll never outrun the bear if you stop now!” Calmly, the other hiker said, “I[…]
The term “Moving Averages” is widely employed within the realm of financial analysis, and almost everyone has a basic comprehension of what they are and how they are used. Yet few truly understand the intricacies of moving averages and the many ways they can be used to maximize trading profits in the financial markets. A[…]
Using Moving Averages as trend filters – First, I am going to assume that most readers have a basic understanding of moving averages. Even so, understanding the differences between an exponential moving average (EMA) and a simple moving average (SMA) is an area I find many people are unclear about. So with that in mind,[…]
The purpose of this article is to explain the first steps in conducting technical analysis of forex prices. These steps involve finding support and resistance, trend lines, and assessing where the price is in relationship to these geometric points. Projecting Horizontal Support and Resistance Points Where is the currency pair price and what is[…]
