Simplify Your Trading with Bollinger Bands

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The history of trading bands, envelopes and channels is long and interesting. In the years since the creation of Bollinger Bands in 1983, a number of adaptive bands were created. Chief among them were Keltner Channels, introduced by Chester Keltner in the 1960s. This technical indicator is similar to Bollinger Bands, though rather than using … Continue reading Simplify Your Trading with Bollinger Bands

How to identify trendlines

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Unlike support and resistance levels, trendlines are drawn at an angle. These widely used technical lines are, first and foremost, used to determine the trend. By drawing these lines one can establish whether a market is in the process of rallying north (an uptrend), dropping south (a downtrend) or in the phase of a consolidation.  … Continue reading How to identify trendlines

Identifying Support and Resistance in the Foreign Exchange Market

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Markets move in the path of least resistance Two of the most widely discussed concepts in the field of technical analysis are support and resistance levels. Without understanding these critical components, trading is generally a frustrating endeavour. At first glance, the concept behind support and resistance makes sense, some would even say simple. However, you’ll … Continue reading Identifying Support and Resistance in the Foreign Exchange Market