Entries by Spencer Li

The Different Styles of Trading (Holding Period, Timeframe, Products, etc)

There are 3 main styles of trading, and by styles, I mean the way you approach trading, and this in turn will determine your holding period, timeframe, time commitment, and the products you trade. Here are the 3 main styles: Short-term Medium-term Long-term   Short-term Trading Short-term trading is mainly for people who are doing […]

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Exotic & Uncommon Technical Analysis Methods

In addition to the mainstream methods used by professionals, you might also come across online some exotic and unorthodox methods: Fibonacci analysis Elliot wave theory Gann theory Harmonic patterns Dow theory Ichimoku Kinko Hyo (Cloud charting) Volume Spread Analysis (VSA) Market profile Pitchfork analysis Point and Figure (P&F) Cycle analysis Many of these theories were […]

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The 3 Main Types of Technical Analysis

There are 3 main categories of technical analysis methods that are used by all traders: Classical charting Technical indicators Price action Since I will be doing separate guides for each of these methods, for now I will be briefly going through each one.     1. Classical Charting These were the very first tools developed […]

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How to Read Price Bars (Candlestick Bars)

Now that we have learnt how to read price charts, the next step is for us to zoom in on the individual bars that make up the price charts. Since these charts are called candlestick charts, the individual bars are called candlestick bars. For convenience, most people will also refer to them simply as price […]

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How to Read Price Charts (Candlestick Charts)

As we mentioned in the previous chapter, there are buyers and sellers, and a transaction happens when both a buyer and seller agree to transact at a particular price. As the number of buyers and sellers in the market vary, so does the supply and demand, which causes the price to change continuously. A price […]

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