Search the Community

The Force Index can be used in conjunction with a trend following indicator to identify short-term corrections within that trend. A pullback from overbought levels represents a short-term correction within an uptrend. An oversold bounce represents a short-term correction within a downtrend. Yes, corrections can be up or down, depending on the direction of the bigger trend. Alexander Elder recommends using a 22-day EMA for trend identification and a 2-day Force Index to identify corrections. The trend is up when the 22-day EMA is moving higher, which means the 2-day Force Index would be used to identify short-term pullbacks for buying. The trend is down when the 22-day EMA is moving lower, which means the 2-day Force Index would be used to identify short-term bounces for selling. This is an aggressive strategy best suited for active traders. The timeframe can be adjusted by using a longer moving average and timeframe for the Force Index. For example, medium-term traders might experiment with a 100-day EMA and 10-day Force Index. There are two schools of thought regarding the correction play. Traders can either act as soon as the correction is evident or act when there is evidence the correction has ended. Let's look at an example with the 22-day EMA and 2-day Force Index. Keep in mind that this is designed to identify very short corrections within a bigger trend. The chart below shows Texas Instruments (TXN) with the 22-day EMA turning up in mid-September. With the 22-day EMA rising, traders are looking for very short-term pullbacks when the 2-day Force Index turns negative. Traders can act when the Force Index turns negative or wait for it to move back into positive territory. Acting when negative may improve the reward-to-risk ratio, but the correction could extend a few more days. Waiting for the Force Index to turn positive again shows some strength that could signal the correction has ended. The green dotted lines show when the 2-day Force Index turns negative. The Force Index uses both price and volume to measure buying and selling pressure. The price portion covers the trend, while the volume portion determines the intensity. At its most basic, chartists can use a long-term Force Index to confirm the underlying trend. The bulls have the edge when the 100-day Force Index is positive. The bears have the edge when the 100-day Force Index is negative. Armed with this information, traders can then look for short-term setups in harmony with the larger trend, such as bullish setups in a larger uptrend or bearish setups within a larger downtrend. As with all indicators, traders should use the Force Index in conjunction with other indicators and analysis techniques. 1631516097-Identifying-Corrections.docx

OBV can be used to confirm a price trend, upside breakout or downside break. The chart for Best Buy (BBY) shows three confirming signals as well as confirmation of the price trend. OBV and BBY moved lower in December-January, higher from March to April, lower from May to August and higher from September to October. The trends in OBV matched the trend in BBY. OBV also confirmed trend reversals in BBY. Notice how BBY broke its downtrend line in late February and OBV confirmed with a resistance breakout in March. BBY broke its uptrend line in late April and OBV confirmed with a support break in early May. BBY broke its downtrend line in early September and OBV confirmed with a trend line break a week later. These coincident signals indicated that positive and negative volume were in harmony with price. Sometimes OBV moves step-for-step with the underlying security. In this case, OBV is confirming the strength of the underlying trend, be it down or up. The chart for Autozone (AZO) shows prices as a black line and OBV as a pink line. Both moved steadily higher from November 2009 until October 2010. Positive volume remained strong throughout the advance. On Balance Volume (OBV) is a simple indicator that uses volume and price to measure buying pressure and selling pressure. Buying pressure is evident when positive volume exceeds negative volume and the OBV line rises. Selling pressure is present when negative volume exceeds positive volume and the OBV line falls. Chartists can use OBV to confirm the underlying trend or look for divergences that may foreshadow a price change. As with all indicators, it is important to use OBV in conjunction with other aspects of technical analysis. It is not a standalone indicator. OBV can be combined with basic pattern analysis or to confirm signals from momentum oscillators. 1631516097-Trend-Confirmation.docx

The ProperSix exchange is a crypto trading platform where users can trade at a much faster transaction speed. ProperSix exchange will ensure a transaction speed of more than 6000 TPS (transactions per second) and the more we scale, the faster we get. ProperSix exchange is secured by advanced architectural solutions such as inclusion of hot and cold wallet with the encryption and limited access of the database. Holding PRO6 token ownership, ProperSix clients will see an increase or decrease in value equal that of a shareholder in any successful business, and be rest assured that their investment is secure. ProperSix's exchange removes the need for costly third parties. We have created a fully decentralised exchange for payment with cryptocurrencies, such as our own PRO6 Token, PRO6 Coin and FIAT (Euro, USD, GBP to name a few) that is fast and highly secure. ProperSix Prestige Network and exclusive Members Club, delivering great benefits and a high customer value to all members with new and advanced blockchain technology. ProperSix has created a secure product and offers unique events and exclusive products to ProperSix club members. The ProperSix Crypto’2’FIATTM service is a service that comes with your membership card and is linked to our products so that ProperSix members can access their cryptocurrencies to use online and in stores. Furthermore, ProperSix are using advanced multi-factor authentication solution, which is developed on top of the blockchain, which is much more secure than current 2fa/mfa systems. Our IP verification and 2fa verification for withdrawal will ensure maximum security at the exchange. Buy crypto from several alternative payment methods and 40 currencies into Bitcoin, Bitcoin Cash, Ether, EthereumClassic, Litecoin, XRP and 0x instantly – no additional verification required, with many deposit Methods – it’s never been easier to buy cryptocurrency using your preferred local method. This exchange also provides users with a Drag-drop & scale feature, allowing to create a personal experience. https://www.propersix.com images (2).jfif

The ProperSix exchange is a crypto trading platform where users can trade at a much faster transaction speed. ProperSix exchange will ensure a transaction speed of more than 6000 TPS (transactions per second) and the more we scale, the faster we get. ProperSix exchange is secured by advanced architectural solutions such as inclusion of hot and cold wallet with the encryption and limited access of the database. Furthermore, ProperSix are using advanced multi-factor authentication solution, which is developed on top of the blockchain, which is much more secure than current 2fa/mfa systems. Our IP verification and 2fa verification for withdrawal will ensure maximum security at the exchange.ProperSix is using different frameworks of blockchain technologies to create a more secure and efficient exchange, ProperSix coin and token system. To start with, ProperSix is using Ethereum blockchain and will switch to the new Hydrogen Blockchain mfa with every ProperSix module to ensure safety and security throughout the system. Blockchain is a decentralised network that utilises the distributed ledger technology where users share their transactions while at the same time keeping their profile anonymous. Traditional banking systems require a centralised authority to carry out transactions; by using blockchain technology this procedure is removed. Clients can carry out transactions by transferring funds between each other’s wallet, thereby reducing time and cost. Buy crypto from several alternative payment methods and 40 currencies into Bitcoin, Bitcoin Cash, Ether, Ethereum Classic, Litecoin, XRP and 0x instantly – no additional verification required, with many deposit Methods – it’s never been easier to buy cryptocurrency using your preferred local method. This exchange also provides users with a Drag-drop & scale feature, allowing to create a personal experience.https://www.propersix.com

uSignals uSignals is an application for quick monitoring of any specific cryptocurrency. With the help of our program you can always know the exchange rate, the percent rise or drop in the price. Comfortable notifications at the bottom of the screen will not let you miss price changes. Intuitive design and flexible configuration, will not leave you indifferent. All the most popular cryptocurrencies : monero, bitcoin, litecoin and others. uSignals uSignals uSignals

Technical analysis in forex trading is normally used as a basis for coming into and exiting trades. The most generally used technical evaluation approach is by way of recognizing technical chart patterns fashioned by means of candlestick formations. Triangle chart patterns are one instance. those chart styles will help a trader to pick out diverse opportunities to go into trades. 1.Recognise the not unusual triangle chart patterns. Triangle chart styles are the maximum traded styles in currency trading. There are 3 Varieties of triangles most traded: symmetrical, ascending and descending. 2apprehend triangle chart patterns. it's far fairly smooth to pick out a triangle chart sample. locate two or extra consecutively better highs and draw a immediately line thru them, extending the road in each directions. find two or greater consecutively lower lows of price. Draw a instantly line through them and enlarge it in each guidelines. in which your two traces meet is the apex of the "triangle". (The 0.33 aspect of the triangle is inappropriate and can be ignored.) await not less than 4 "bounces" (escapes) beyond the confines of the triangle earlier than considering it a dependable pattern with which to change. three. identify a terrific triangle formation. research with the aid of Thomas Bulkowski and other a hit technicians suggests that fee frequently breaks out of the symmetrical triangle in advance of the charge on the apex. From that factor, studies shows, most fee breakouts occur on both facet of the triangle (the "trendlines") someplace between sixty six percent and seventy five percent of the way to the apex. (a few triangles honestly have a break out at the apex.) 4.understand the character of the triangle formations. most technical analysis unearths that ascending triangles are described as bullish continuation styles and descending triangles are defined as bearish continuation patterns. five.assume with flexibility and act accordingly. A dealer should not try and expect which direction charge will destroy from triangle chart styles. That’s not to mention that ascending triangles can't meet their upside breakout targets or that descending triangles will no longer spoil to the drawback targets. They do. it's miles first-class, but, to deal with them without directional bias and take benefit of the precept of range growth following variety contraction in place of looking to predict which path charge will break-out. 6. learn how to exchange triangle chart styles without the hassle. A trader ought to try to adopt an automated method to buying and selling a triangle chart pattern. This requires lots of time and interest. One manner is to apply present open source gear together with the professional advisor determined at the Metatrader platform to installation pending orders for a change. when a breakout occurs either to the upside or downside, the trader can participate in the breakout regardless of its direction. This system of placing buy or sell pending orders on triangle chart styles may be automatic via industrial software or robots to be had in the market. For more information about it click http://alpari.com/

Dear Friends, I want to share an amazing opportunity with you today. Are you aware of the $4,000,000,000,000 (four trillion dollar) currency exchange market? If not, now is the time to join me and thousands of investors trading in Forex. Trade24 is a world-leading Forex broker that allows you to trade Gold, Oil, Currencies, and a lot more with only $500. Forex trading is the proven way to make a living, from home, in a short amount of time. Using the right tools, you too can earn a living in Forex. Trade24 gives you access to simple and powerful trading tools to maximize your profits in Forex trading. They offer personal, one-on-one support and world-class training courses to help you start making money today. I hope you, my friends, will make the most of this opportunity. Join Trade24 now! Register Here :tongue: For Your Success, Michael