New Highs and New Lows Another pointer to the condition of the stock market can be found in the new highs and new lows which are published on a daily and weekly basis. You can see these are published along with the other...

McClellan Oscillator And Index The McClellan Oscillator was invented to provide overbought/oversold indication based on the A/D lines. It’s worked out by taking the difference between two EMA’s of the advance-decline...

Advances and Declines If you look in the Wall Street Journal, you’ll find a wealth of data about the markets on the previous day. Here’s a selection of the values that you can find — We’ll concentrate on...

Market Breadth Market breadth is used to determine the overall health of the market. But market breadth can be measured in a variety of ways. What it really means is the amount of force that is behind any price moves. This opens...

Module 13 – The Stock Market Introduction With the knowledge of technical analysis you now have, it’s time to look at the different things you can trade, and see how it works in each particular market. Before we get into...

After this module, we go on to discuss specific applications of technical analysis to different markets and financial instruments. Just to pull all the modules together, here is a list to remind you of the different things...

Trading System: Paper Trade Even when you have thoroughly tested your trading system, you will need to get comfortable with using it. You can do this by paper trading until you feel you are ready to put real money in the market...

Trading System: Spot Check and Backtest Spot Check Once you’ve completed the task of writing the rules, it’s time for an informal check against some price charts in the market you are going to be trading, just to see...

Trading System: Sizing and Exit Sizing The detail of position sizing was covered in the previous module on money management. The most important thing you can do is to preserve your trading capital, so plan that you do not put...