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Michael C. Thomsett is a widely published options author. His "Getting Started in Options" (Wiley, 9th edition) has sold over 300,000 copies. He also is author of "Options Trading for the Conservative Investor" and "The Options Trading Body of Knowledge" (both FT Press); and "Options for... More
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  • How Trends Work Well With Candlestick Analysis 1 comment
    Mar 17, 2013 11:48 AM

    Trends are easily spotted for the most part, and can aid in interpretation of candlestick charts.

    Trend lines are perhaps the easiest of all trends to spot and to understand. These are single lines tracking a trend, and they continue until the price reverses.

    Channel lines are expansions of the trend lines, consisting of a line above price and another below. It shows that the trading range may remain consistent even as price moves up or down.

    Three types of trends -- short-term, reaction, and primary -- are used in Dow Theory for identifying market conditions and for timing of trades.

    None of this has to be complicated. In fact, it is quite logical. When trend analysis is combined with candlestick chart analysis, you end up with a powerful tool for timing entry and exit.

    To attend a one-hour, no-cost webinar on this topic at 8 p.m. (EST) on MARCH 21, register with your e-mail address at tinyurl.com/ck6b9cy

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    Author’s reply » Sign up for this webinar at tinyurl.com/ck6b9cy
    17 Mar 2013, 11:56 AM Reply Like
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