You’ve heard it a thousand times, but here it is again: there is no surefire way to win every time when trading in the markets. That said, if there is just one thing that really separates successful traders from the less successful ones, it’s having a concrete strategy. Here are five interesting and unique trading and analysis strategies that are enabled by TrendSpider’s technology.
Strategy #1: Multi-Timeframe Trading: Single Chart, Multiple Timeframes of Data
Use a single chart to view trendlines from multiple timeframes in order to expose long-term trends that short-term traders generally miss. Use a multiple chart layout to view up to 8 timeframes of trendline data at once. Create alerts on any trendline from any timeframe to nudge you right when your trades are setting up. This game-changing feature allows you to see the forest and the trees at the same time, and react to relevant price movements in a timely way without the eyestrain. Click Here to Read More
Strategy #2: Trading Automatically Identified Wedge Formations
Use TrendSpider’s automated trendline detection to identify powerful wedge formations. This unique strategy is great for identifying quick and calculated range trades, as well as useful for breakout traders. Take a look at how TrendSpider assists in this process using smart algorithms to quickly and readily detect trendlines on any chart. Pro tip: combine this functionality with Multi-Timeframe analysis to add a whole new layer of depth to your chart patterns. Click Here to Read More
Strategy #3: A Classic with a Twist: Bollinger Bands (R) + Multi-Timeframe Analysis
In this article, we start with a look at who John Bollinger is and what caused him to create the Bollinger Bands (R). Then we move on to focuses on different Bollinger Band (R) trading strategies, including Multi-Timeframe analysis with Bollinger Bands (R). This is an incredibly useful charting method that often provides clear signals. Click Here to Read More
Strategy #4: Identifying Trading Ranges: Trading the Price Channel
A look at how range traders utilize support and resistance areas, identified with TrendSpider’s algorithms in the form of trendlines, to form tradable price channels. This article covers a range of approaches (haha, pun intended) as well as highlights the importance of watching channels on multiple timeframes. Click Here to Read More
Strategy #5: Long-Term Swing Confirmation Setups
On balance, a longer-term swing trader approach can decrease the chances of over-trading and allow price cycles to fully materialize naturally, cutting out some of the noise. However, because these trades take longer, and generally involve volatile assets purchased at opportune times, they can be risky. Finding confirmation when swing trading is key. TrendSpider makes this easier by automating a wide range of analysis techniques so that you can evaluate opportunities faster without doing as much of the grunt work yourself. This blog post takes a look at some examples of confirmations to watch for that can be revealed by automated analysis. Click Here to Read More
REMEMBER: These are charts that have interesting technical setups based on automated technical indicator analysis included. Charts and analysis provided for educational reasons only. TRENDSPIDER IS A CHART ANALYSIS PLATFORM. IT IS NOT INTENDED TO BE TRADING OR INVESTING ADVICE. ALWAYS DO YOUR OWN DUE DILIGENCE USING MULTIPLE SOURCES OF INFORMATION AND/OR SEEK THE ADVICE OF A LICENSED PROFESSIONAL BEFORE TRADING OR INVESTING. Please read our full risk disclaimer on our website by clicking here.