Trading Habits: 39 of the World's Most Powerful Stock Market Rules by Steve Burns & Holly Burns

Author:Steve Burns & Holly Burns [Burns, Steve]
Language: eng
Format: mobi
Publisher: Stolly Media, LLC
Published: 2015-08-06T23:00:00+00:00

In stock indexes, downtrends tend to bounce near the 30 RSI, while uptrends tend to stall near the 70 RSI. The MACD (Moving average convergence divergence) technical indicator attempts to measure a change in trend, and signal a possible entry at the beginning of a new short term trend. A trader can decide how much of a trend they want to try to capture in their chosen time frame, and how much of a profit giveback they are willing to risk to capture more of a trend.

Traders should get in the habit of finding ways to capture trends as the price zigzags and then continues in the primary market direction. Ability to filter out noise and capture a trend is a trader’s primary responsibility during system development.

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