Quotes of the Day

In trading, a right-angled triangle is simply a triangle pattern with a horizontal top or bottom edge. Statistically, these horizontal edges tend to be more reliable as trading signals than triangles with diagonal support or resistance lines. This is probably due to human psychology. Traders’ eyes are drawn to horizontal lines that appear to contain the price movement, while diagonal lines don’t have such a definite solid quality about them. Horizontal lines feel like they have more meaning as support and resistance levels, therefore they do. [2019] - Glen Goodman

Many traders use MACD as their sole confirming oscillator. Some traders also take trading signals exclusively from MACD. [2009] - James Chen

To express acceptance or agreement, lift your chin up and bring it back to normal several times. [2009] - Leil Lowndes

Asking, "How much is it?" is THE BIGGEST buying signal. Telling me, "Your price is too high." is THE SECOND BIGGEST buying signal. [2005] - Jeffrey Gitomer

I like using 10- and 35-period averages on intraday charts and add the 200-period one on daily charts. The 200-period average is commonly used to determine the trend of the market. I use it as a way to monitor the market’s long-term direction. The 10-day average riding the market much more closely and giving signals the most quickly, but the market can whipsaw around it during a choppy period. The 35-day average is smoother and acts more as a trendline for the medium term. [2003] - Marcel Link