http://www.informedtrades.com/
The fifth lesson in a series on technical analysis for active traders of the forex, futures, and stock markets.
Just as anything where market forces are at play, the price of a financial instrument in the stock, futures or forex markets is ultimately determined by supply and demand. Very simply, if demand is increasing in relation to supply then price will rise, and if demand is decreasing in relation to supply then price will fall.
As we have learned in previous lessons, what you are basically looking at when you see an uptrend on a chart is an extended period of time where demand has continued to increase in relation to supply. Similarly when looking at a downtrend you are seeing an extended period of time where demand has decreased in relation to supply for an extended period of time, causing price to fall. Similarly, in a downtrend, demand is continuously falling in relation to supply which causes the price of an instrument in the stock, futures or forex market to fall.
In this lesson we are going to look at something known as support and resistance which are price levels where the supply demand equation is expected to change, and price is then expected to stop moving in the direction it was moving previously, or reverse direction.
Duration : 0:4:35
May 27th, 2010 at 2:41 pm
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May 27th, 2010 at 2:41 pm
Since stocks are …
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David
May 27th, 2010 at 2:41 pm
Great info. Very …
Great info. Very well explained. Makes it much clearer. Have tried reading books re technical analysis and it either bores me to death or just becomes too much information. Thanks guys!!!!
May 27th, 2010 at 2:41 pm
awesome.crisp and …
awesome.crisp and clear
May 27th, 2010 at 2:41 pm
thx man. You have …
thx man. You have that unique way of explaining things and each time I understand instantly.
May 27th, 2010 at 2:41 pm
thanks for making …
thanks for making it so clear and simple!
May 27th, 2010 at 2:41 pm
Nice try. Keep it …
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May 27th, 2010 at 2:41 pm
Nice try. Keep it …
Nice try. Keep it up check out esteembpo + com for social media marketing. dfdf
May 27th, 2010 at 2:41 pm
thx
thx
May 27th, 2010 at 2:41 pm
Hi Dave, I’ve …
Hi Dave, I’ve recently purchased Technical Trading Tactics by Person, Market Wizards by Schwager, and a couple of Gann books. Are there any other good titles you can suggest for a newbie?
There seems to be so much to learn, it’s hard to know where to start, incidentally Investopedia I’m finding is another great net based resource.
May 27th, 2010 at 2:41 pm
I have an …
I have an investment in RBS on the LSE and am kind of identifying trends and profit opportunities. I’m getting ticker data from my PDA whilst doing my day job, and am getting really frustrated as I’m missing opportunities to make serious money, as I can’t watch the figures all day. I am lacking the knowledge and confidence to quit the job and take the plunge, although slowly I’m moving towards making that goal happen. Net based courses like yours are a real help, so thanks so much for uploading.
May 27th, 2010 at 2:41 pm
I enjoy this video …
I enjoy this video =) it makes me really horny!! T
May 27th, 2010 at 2:41 pm
Hi Hurtubey, …
Hi Hurtubey, Thanks for the comment I am glad you like the videos. I think most traders would agree that the patterns I am outlining are relevant on anytime frame.
Best Regards, Dave
May 27th, 2010 at 2:41 pm
Hi Dave, great to …
Hi Dave, great to see all your videos.
I have a question: Is it possible to detect the same patterns on the 15 min or 30 min charts as you detect them on the daily charts? or even in the shortest time frames available?
(5 or 10min)
Thanks and great job sharing your knowledge
May 27th, 2010 at 2:41 pm
Hi Waterpig916, …
Hi Waterpig916, Glad you like them and thanks for helping me spread the word! Best Regards, Dave
May 27th, 2010 at 2:41 pm
This is an great …
This is an great demonstration, will inform my collegues of your website.
May 27th, 2010 at 2:41 pm
this sounds just …
this sounds just like overbought and oversold to me..
May 27th, 2010 at 2:41 pm
Thank you Dave for …
Thank you Dave for your response. I will check it out.
May 27th, 2010 at 2:41 pm
Hi, sorry to bother …
Hi, sorry to bother you with something out of the blue, but I am trying to record myself videos from my PC navigation, with my voice on them, and publish them afterwards at YouTube. I have a software called Jing but it works with SWF files and YouTube doesn’t accept them, do you know how can I record a FLV file from my computer navigation? Thank you so much for any help you can give me with this
May 27th, 2010 at 2:41 pm
Hi Jaguar 265, …
Hi Jaguar 265, Glad to have you. What I would recommend if you are new to trading is going to the InformedTrades site and clicking on the “free trading course link” there you will find a free video trading basics course that has all my youtube videos organized by title. The lessons on trends are in the first module. Let me know if you have trouble finding them. Best Regards, Dave
May 27th, 2010 at 2:41 pm
I am new at trading …
I am new at trading. Is there a lesson on how to draw trend lines?
May 27th, 2010 at 2:41 pm
thanks again
thanks again
May 27th, 2010 at 2:41 pm
my pleasure thank …
my pleasure thank you for the comment. Best Regards, Dave
May 27th, 2010 at 2:41 pm
Thanks.
Thanks.
May 27th, 2010 at 2:41 pm
thanks again! Dave
thanks again! Dave