Category: Technical Analysis
Market Structure Basics: Unlock The Power Of Trend
When it comes to price action trading, there are few concepts that are more important to understand than market structure. In this blog post, we’re going to break down the basics of market structure and offer you some helpful tips and tricks that can fast-track your understanding of this fascinating concept. Let’s jump in. Understanding […]
The Most Common Trading Mistakes and How To Avoid Them
When it comes to trading, there are many mistakes that can and will be made along the path to success. Luckily, understanding these common mistakes can help you manage your shortcomings and navigate the markets like a pro. In this blog, we’ll be highlighting the most common mistakes made by traders and explaining how TrendSpider […]
Create A Trading Strategy With ChatGPT
For traders, one of the most interesting use cases for emerging new AI tools like ChatGPT is in helping with the creation and testing of trading strategies. In this blog, we’ll explain the steps we took to create a profitable trading strategy on TSLA using only six prompts from ChatGPT.
ICT Basics: A Beginners Guide
One of the most popular trading philosophies out there today is the ICT methodology. Short for Inner Circle Trader, and utilized by many in The Strat community, this style of trading is purely based on price action and incorporates little to no use of trend following or momentum indicators. In this article, we’ll go over […]
CMT x TrendSpider Present: Inefficiencies In Market Analysis
Hello, traders! Recently, TrendSpider’s own Jake Wujastyk and Dan Ushman sat down with the CMT Association to discuss the various ways traders experience inefficiencies in market analysis and the solutions that the TrendSpider platform provides to combat those inefficiencies. The CMT Association was so kind as to allow us to share their presentation with you […]
How to Trade the MACD Indicator
One key component of the markets that all participants should understand is the idea of momentum. Momentum is simply defined as the speed at which the price of a security increases or decreases. There are many tools a trader can use to gauge momentum, but few are more popular than the MACD indicator. In this […]
The Only Moving Average Blog Day Traders Need
One of the first indicators that new traders learn about when they start their trading journey is the Moving Average. Moving averages are popular because they smooth out the price data and create an ever-evolving average, thus mitigating the impact of trivial fluctuations in price. Moving averages can be used both as a means of […]
Fair Value Gap Basics
If you’re a price action trader, you might be familiar with a concept that has been making the rounds lately called the Fair Value Gap. In this article, we’re going to talk through the basics of what a Fair Value Gap is, show some examples of how to think about using it in your trading, […]
5 Awesome Day Trading Scanners
One of the most powerful tools on the TrendSpider platform is our no-code Market Scanner! Our scanner allows you to search for all kinds of conditions: Price, Indicator, Candlestick Pattern, Earnings, News, and more. You can scan up to four different time frames at once and even give different sets of criteria different definitions. In […]
How to Trade Using the GoNoGo Trend® Indicator
Do you ever find yourself getting your indicator signals crossed? Maybe you have one too many moving averages on your chart or a few different momentum indicators that are tracking the same thing. If your indicators are keeping you from being able to see price action clearly, then that might be a problem, but luckily, […]
Day Trading With the VWAP Indicator
One of the most commonly used indicators for day trading amongst retail and professional traders alike is the Volume-Weighted Average Price (VWAP). The reason that the VWAP indicator is so widely used is that it merges the two most important factors in technical analysis: price and volume.
Learn to Trade the Ichimoku Cloud Indicator
There are many indicators out there that track and measure all kinds of things, but few are less understood than the Ichimoku indicator. With five different components that are calculated in five different ways, it’s no surprise that many traders shy away from utilizing it. With that in mind, we felt like it was the […]
