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

How to identify support and resistance

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Understanding how to plot support and resistance levels on a chart is one of the most crucial aspects you, as an aspiring technical trader, need to grasp. Generally speaking, it is also one of the first techniques that traders come across when beginning their journey. Sadly however, this method is usually quickly overshadowed by the … Continue reading How to identify support and resistance