Flashcards
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Cards in this deck (7)
- 1Indicators:Help determine if bull or bear dominates a stock
- 2The key for using multiple time frames is to make strategic plan. The long-term frame is used to determine whether the stock is bull. Short-term chart is used to draw an entry and exist points.If the long-term chart doesn't make sense or isn't clear, move to a different stock.
- 3Select two time frames that relate to each other by a factor of fiveEx: Hourly and Daily (Short-term trade) Daily and Weekly charts, Weekly and Monthly charts.
- 4Never trade @ breakouts (when a stock breaks its 52-weeks high) Very risky!!!Never buy or stay in Stock in earning-report week; it's a GAMBLE.
- 5Exponential Moving Average (EMA):The main message of the EMA is the direction of its slope. EMA slope raise when buyers feel optimistic.
- 6Envelops:They are used to channel out a chart. The lines of the envelops are parallel to EMAs. The envelop contains 95% of prices for the last 100 bars. What's above the line is manic and what's below the line is depressed
- 7Ex of envelops is Keltner ChannelWhen a stock approaches the upper line, it's overbought: which mean we should avoid buying. When a stock sinks below the channel, it's oversold: take long-short profit.
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- Finance Flashcards on Untitled, created by Said Zeyad on 09/05/2017.
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- Said Zeyad
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