7 Charting Tools for Spread Betting: A Practical Guide to Making Money From Spread Betting With Technical Analysis by Malcolm Pryor

Author:Malcolm Pryor [Pryor, Malcolm]
Language: eng
Format: epub
Tags: Business & Economics, Investments & Securities, General, Stocks
ISBN: 9781906659806
Google: wNv8ARa4f8gC
Publisher: Harriman House Limited
Published: 2010-08-27T23:24:00.966949+00:00

Each of these is illustrated in the charts below.

Example

We look in this section at how support and resistance can be used in various types of markets. In sideways markets we are potentially interested in both long and short trades, but our first example looks at buying support. In trending markets we can use support and resistance both to identify low risk entry points to the trend and to assist with stop placement. In principle we will be looking to take trades in line with the trend, so in an uptrend we will be looking to buy support and in a downtrend we will be looking to sell resistance, rather than the other way round. We look at both an uptrend and a downtrend to illustrate these points.

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