Recent content by Tradesurfer

I agree with tomorton on the candles. As a trend trader quite often reversal candle patterns at tops and bottoms can help me indicate when its time to either get out or tighten stops. And the nice thing is that you can always get back in if the high or low of the candle is breached. With...

What generates long and or short signals with it?

Depends on your charting platform. What you could probably do is create a custom indicator. Name it and save it 20 week EMA. Then overlay it on your chart along with your normal 26 day ema.

Formula The following steps are for calculating Parabolic SAR for a long position. On the day that the trade is entered, the SAR is the lowest point taken from your previous trade. The extreme point is the highest high from your previous trade. Gradually the SAR will moved higher and higher...

On the US Market Symbol:GLD Its an etf that tracks the price of gold. With gold at $910, GLD would be $91 hope that helps if your not wanting to trade the futures contract itself

To add on to the last response, think of it this way. During earnings season quite often we'll see option premiums start to rise in expectation of a big move based upon say a good earnings report. The underlying asset does not move just yet though. So the expectation (implied volatility rising)...

You'd have to ask them but a lot of times day trading buying power can not be created by selling shares. Your normal BP would but perhaps not daytrading. Think of it this way, if first thing before the market opens they do the calculation. Thats what your DTBP is for the day. Would need a...

Looks as if GLD or actual Gold Contract may be about to test that uptrend line of the weekly triangle. If it breaks below $90 on GLD (US Market ETF) could be a short. Or- still could hold and bounce. Stay tuned.

No, could be an upside down head and shoulders. Although typically for a reversal the trend would have been down first and then a reversal of price to the upside and vice versa. But yeah-another way to look at it and certainly put in a higher low with that shoulder. but kinda the say way of...

For anyone who is trading/investing, it is so important to first develop your plan. Quite often we start with trying to figure out what to trade? What will go up and now! But really the key to becoming successful as a trader is to have answers to the following. How much will I allocate to my...

Looking at a weekly chart of gold (using the ETF symbol:GLD), we can see that Gold is about to come to a major decision point. Will it wind up being a triple top or a breakout of the very deep triangle? Price may be starting to compress. A couple of key points to consider. 1- If it breaks out...