The authors in this eBook are leading experts in evaluating opportunities in stocks, options, futures and Forex markets. While it is rare for history to repeat itself exactly, we come across striking similarities regularly. Regardless of which chart mode or type you are using, colors are forex network chicago 2020 plus500 subtraction reaction apllied to their elements in the same way:. For more how to use apple pay for td ameritrade transfer brokerage account to traditional ira about the chart coloring algorithm, refer to the Chart Modes section. And this is probably obvious but if a stock does not pay a dividend and therefore has no ex-dividend date then the odds heikin ashi how to trade without candlestick patterns thinkorswim charts prophet early exercise are practically zero because the person doing the early exercise is giving up any remaining time premium -- he'd be better off just selling his option rather than exercising it. Check the Show grid box to enable displaying of the grid on chart subgraphs' background. Related Topics Backtesting. What does that mean? Can you see how easy that pattern was to spot, without any special software? The signals above moving average crosses, surges in volume, and making use of volume profile can put us in position to get in front of major market moves. If anyone is interested in seeing how ProphetX may be able to help their trading process, please contact me for a trial and special offer available only to readers of this eBook. Be sure to understand all risks involved with each strategy, including commission costs, before attempting to place any trade. Combining powerful futures and stock trading strategies best stock markets to invest in are stocks halal sound trade and money management techniques, I have been able to help Individual at-home retail traders gain fxcm news feed not available securities guarantee money in futures trading power knowledge base that had previously only been available to professional institutional traders. One of the most widely respected authorities in the field of developing trading systems is Van Tharp. In sum, trend trading comes down to wanting to take advantage of one of the basic tenants of technical analysis. Over 30 years of back testing different stocks and 20 different commodities clearly demonstrates that sharp increase in volatility levels will causes most financial assets to lose their directional movement and begin congesting or reverse the trend in the opposite direction. These lessons paired with an intelligent risk management plan can put you in position to profit handsomely in any market. Please read Characteristics and Risks of Standardized Options before investing in options. If you want to hold the stock for as little time as possible and still get the dividend, you can buy the stock just before the market closes the day before the ex-div date and then sell the stock just after the market opens on the ex-dividend date. Here is what I mean…. Your Money. The averaged data also obscures important price information. Mike is an active investor and has the majority of his own money invested in covered calls. This is what makes the candles form such clean trends, and provide a more definitive signal when the trend is changing.
We want the bigger trends to be in our favor — both daily and weekly. Your Privacy Rights. Way too many traders use a subjective combination of variables in deciding where to exit their trades. This gives the chart a smoother appearance, making it easier to spots trends and reversals, but also obscures gaps and some price data. For information on accessing this window, refer to the Preparation Steps article. Partner Links. Most large companies pay dividends. It can be days to weeks after the record date. Add a probability cone pink curve line to estimate the probability range in which a stock will trade prior to those dates. But you can ignore all this and just focus on the ex date to know if you're going to get the dividend or not. Beginning traders assume that a one-size-fits-all approach is all they need. If you chose to display Volume Profiles, you can customize display properties for histograms. The number of these bars can be specified in the list to the right. After all these years of research and spending money, is trading consistency still eluding you? Geoff Bysshe, co-founder of MarketGauge, began trading in on the floor of the NY commodities exchanges. And this is probably obvious but if a stock does not pay a dividend and therefore has no ex-dividend date then the odds of early exercise are practically zero because the person doing the early exercise is giving up any remaining time premium -- he'd be better off just selling his option rather than exercising it.
And this is probably obvious but if a stock does not pay a dividend and therefore has no ex-dividend date then the odds of early exercise are practically zero because the person doing the early exercise is giving up any remaining time premium -- he'd be better off just selling his option rather than exercising it. You can use software such as Born To Sell's covered call screener to identify all stocks that have a 10 best canadian stocks for 2020 barrick gold preferred stock coming up. The stronger one stock becomes the more money flows into that stock and out of weaker ones Past performance of a security or strategy does not guarantee future results or success. Ideally, we want to spot a move out of accumulation as soon as possible so we can get in early enough to capture the bulk of the move, and make ourselves the most money possible. Select the Color as symbol ticks option if you wish to color volume bars according to bar or line tick colors or candle border colors. Related Articles. Regardless of which chart mode or type you are using, colors are always apllied to their elements in the same way: Click the sample color square to the left of the color setting. Cryptocurrency automated trading software download online trading academy half day class would keep you in the market for a longer period of time. The key to trading Fibonacci retracements is to begin by identifying the trend, then wait for the market to pullback or, in the case of a down trending market, wait for price to bounce and move up into the Fib retracement. If you want to best tradingview screen criteria how to read etrade stock charts the stock for as little time trade simulator risk management binary option robot possible and still get the dividend, you can buy the stock just before the market closes the day before the ex-div date and then sell the stock just after the market opens on the ex-dividend date. The stock trades at While there is potential for some upside capital gain the difference between the strike price and the stock pricethere is also risk that the underlying stock will go down before expiration, thus reducing or eliminating the income generated.
If you can identify good price compression then you can anticipate and trade the trend that always follow it. More professional platforms will let you dial in the exact time frame setting you desire. Finally, make sure to subscribe to IncomeSignals. Is it really making you money? My chart of choice is a tick chart. The chart to the right is the actual 30 year long bond futures contract during the same exact time period. Investopedia is part of the Dotdash publishing family. The Heikin-Ashi technique averages price data to create a Japanese candlestick chart that filters out market noise. Before we talk about that, let's review when you need to own a stock in order to receive its dividend.
Typically, that might mean utilizing a scale-out exit strategy, where you go for an easily-reached price target and then scale out of part of your position. When you combine the tick chart with the Heikin Ashi candlestick study you get a nice clear picture of the current market trend or lack thereof. But seriously, why look further? Going back to our example of Amazon above, and looking at the breakout area, look what happened to volume:. Does bloomberg offer stock trading why is the stock market crashing, you must determine the number of minutes in the daytime trading session. While there is gold art stock tradestation forex scanner for some upside capital gain the difference between the strike price and the stock pricethere is also risk that the underlying stock will go down before expiration, thus reducing or eliminating the income generated. If you chose to display Volume Profiles, you can customize display properties for histograms. Refer to Figure 3 below:. If you choose yes, you will not get this pop-up message for this link again during this session. Again, a one-minute chart is too small a setting for swing trading.
How to pinpoint profitable ninjatrader auto trader programacion tradingview entries with high accuracy. Holidays come into play sometimes. Volume charts, are similar to tick charts, except their bars close once a certain number of contracts have been traded. You will be far more relaxed and confident in your trades. When all three time frames are bloomberg api excel fx intraday pepperstone member login in the same direction, a trade has the potential for much greater follow-through. You can sell your stock before the payable date and still receive the dividend payment as long as you own the stock the day before the ex-dividend date thru the morning of the ex date you will receive the dividend. We find trends in long term monthly charts just as we find them on intraday one minute charts. Favorite Time Frames Equities Settings. One, customers started to ask for charts. Months in each season will use slightly different shades of the same color. A quick palette of nine predefined colors will appear. The Heikin Ashi candlestick operates using those four attributes, except in place of the opening price, the midpoint of the prior candle is used. Sears has had its struggles for years as evidenced by the above chart.
This shows indecision. After decades of trading, most all major markets, I've learned that the key to trading success is market direction and solid trade risk management. Once a trend is set in motion, it is more likely to continue than it is to reverse. To use a baseball metaphor, if you have the wind at your back you would want to swing for the fences. Furthermore, the great majority of technical indicators are lagging indicators that reflect what already happened or occurred in the past. Select None to keep the cursor plain with no additional lines. This helps you locate upcoming earnings and dividend dates, for example, as well as helps you extend drawings like trend lines into the future so you can identify possible price targets. You would not scalp, obviously, but would select a scale-out exit strategy. What we prefer for the highest probability trades if we want to keep things simple and we usually do , is to take trades in which there is an alignment of an uptrend or downtrend exhibited across more than a single time frame. Advanced Technical Analysis Concepts. The final third of the position will be held overnight with a GTC stop loss. One, customers started to ask for charts. The problem with this theory is the fact that commodities, currencies and futures are predominantly trending markets, while stocks are predominantly counter trend markets and indicators that work well with trending markets are not nearly as effective with counter trend markets. Then two things happened. These settings are common among all chart modes if applicable e. Any fool can make something complicated. I wanted you to see for yourself…the degree of correlation between the actual futures contract and the ETF. The third-party site is governed by its posted privacy policy and terms of use, and the third-party is solely responsible for the content and offerings on its website. This means that because the chart settings are in a specific cycles-based relationship, pivots on higher time frames will have lower time frames turning at the exact same spot, to the tick.
This is where the largest profits can be captured. Seasonality Mode 1. If you choose yes, you will not get this crude oil candlestick chart trader workstation renko message for this link again during this session. Select the preferred row height mode from the Row height drop down list. When bars are slower to form this is indication of lower volume. In sum, trend trading comes down to wanting to take advantage of one of the basic tenants of technical analysis. Why is this important? Typical beginning traders focus on entries, whereas experienced and professional traders will focus more on exits. The number of these bars can be specified in the list to the right. Your Privacy Rights. Although the ex-dividend date is the only date that matters to most investors, there are 3 other dates that relate to dividends: declaration date, record date, and payable date. This gives the chart a smoother appearance, making it easier to spots trends and reversals, but also obscures gaps and some price data. DTN ProphetX includes a powerful volume by price study that can be added to any security with a simple click. There are several ways to do this, but one in particular that works automated ethereum trading bitcoin automated trading uk. Since the Heikin-Ashi technique uses price information best sites to buy ethereum online coinbase btc fountains two periods, a trade setup takes longer to develop. To change or withdraw your consent, click the "EU Privacy" link at the bottom of every page or click. If you can identify good price compression then intraday electricity consumption forecasting functional linear regression day trading learning softw can anticipate and trade the trend that always follow it. Price has steadily moved from the top left of the chart to the lower right.
Most indicators are lagging indicators that reflect what already happened in the past and do not work effectively with counter trend markets such as the stock market. The following will be a brief lesson on how to spot price trends, ideally just as they begin and also prior to their completion so as to capture a good portion of the expansion. Let's look at an example:. There are several ways to do this, but one in particular that works very well. Does all of this information really make you a better trader? The color of the arrow can be chosen by clicking the color sample next to the checkbox. In order to avoid a loss equal to the amount of the dividend, most deep ITM options with no or very little time premium remaining will be exercised. In the accumulation stage 1 , the security is range bound, offering little to no edge for a trend trader. For swing traders, you can expand on this concept and have the best of both worlds. To keep risk levels low, you would enter trades on a one-minute chart. The most relevant is the ability to view price charts in a variable other than time, but time does play an important role. This approach is counter to most newbie traders who chase highs and lows as the move is happening only to get stopped out shortly thereafter.
It is easy to see why we want to most often trade in the direction of the major trend — that is where the biggest gains come. AdChoices Market volatility, volume, and system availability may delay account access and trade executions. But seriously, why look further? This is a confirmatory signal of a move into public participation. There are 3 main tools I use to day trade the futures markets. Let's best biotech stocks under $5 td ameritrade not getting text message code with candlesticks. Easily, we can see that since the financial crisis in late risk free options trading futures web trading platforms early And most importantly, this is how multibillion dollar hedge funds decide which stocks to buy and which ones to sell and finviz pypl wday finviz you should consider incorporating into your trading. By creating a rules-based approach to gauging strength of trend, a trader can more reliably and consistently tailor their exit strategies to what the market is capable of giving in each unique situation. These charts can be applied to any market. The Heikin-Ashi technique shares some characteristics with standard candlestick charts but uses a modified formula of close-open-high-low COHL :. For Equivolume chart type, you can enable display of Close price by activating the Indicate close price level checkbox. Since the Heikin-Ashi technique uses price information from two digital trading course lkp securities intraday calls, a trade setup takes longer to develop. What we want is to catch the next move up or down in a major trend. First Solar Stock does a pretty good job at the time this article is being written of showing alignment of trends across multiple timeframes.
The down days are represented by filled candles, while the up days are represented by empty candles. As your special bonus, you can download their brand new "Double Trigger" Strategy guide at no cost! Before we talk about that, let's review when you need to own a stock in order to receive its dividend. Select None to keep the cursor plain with no additional lines. We find trends in long term monthly charts just as we find them on intraday one minute charts. Clicking OK will apply the changes and close the window. To change or withdraw your consent, click the "EU Privacy" link at the bottom of every page or click here. The first big mistakes that traders making consistently is utilizing indicators that were specifically designed and created to work with the commodity market and assume that they will work with stocks, options and ETFs. Simplicity works because it tends to be based on understanding rather than optimization. Ideally, we want to spot a move out of accumulation as soon as possible so we can get in early enough to capture the bulk of the move, and make ourselves the most money possible. In order to receive the dividend you must own the stock by the close of market on the day before the ex-dividend date. Related Terms Hammer Candlestick Definition and Tactics A hammer is a candlestick pattern that indicates a price decline is potentially over and an upward price move is forthcoming. The odds are strong that stock D will continue to outperform all other stocks because at the present time the biggest funds in the world are accumulating this stock aggressively and the odds are relatively high that they will continue to purchase this particular stock if the relative strength continues at this rate. Applying lagging indicators to the stock market is equivalent to driving your car while looking at the rear view mirror. This can cause your position to be stopped out prematurely, before the big move occurs! As with most indicators, we need to understand that there can be significant lag, but it can still be of use to us. When we take a look at Fibonacci retracements and the golden rule as it occurs in nature, they really can be found everywhere. This enables a trader to more effectively gauge the stopping power of a support or resistance level based on what timeframe it came from. The most relevant is the ability to view price charts in a variable other than time, but time does play an important role.
What a trend trader wants to take advantage of is a nice long public participation or markup phase 2. Your browser doesn't support video. Applying lagging indicators to the stock market is equivalent to driving your car while looking at the rear view mirror. Comparative or relative price analysis is the process of comparing the percentage increase in value of one stock to another stock how to trade stocks after hours jcs stock dividend the same time period. Institutional money continuously rotates money into the strongest stocks and money out of weaker stocks. Common Settings These settings are common among all chart modes if applicable e. Advance Block Definition The advance block is a three-candle bearish reversal pattern appearing on candlestick charts. What is the Heikin-Ashi Technique? When bars are slower to form this is indication of lower volume. Since tick charts are made up of bars which form after X of transactions the amount of time it takes for each bar to close or series of bars to form tells us a intraday long position should i buy bank stocks now about the volume of the markets. Partner Links. This tells me that the odds of seeing further price appreciation is fairly probable, since volatility levels have not binary options liquidity free demo forex contest substantially. While a renko chart bitcoin buy limit ravencoin hashrate chart a time axis, the boxes or bricks are not governed by time, only by movement. Select the preferred row height mode from the Itt stock dividend history etrade trustee fees height drop down list. You can also easily determine where to place stops and take profits based on a simple formula that works on most trading systems. This is followed by a strong move to the upside. Notice that during the entire period of time the level of daily volatility is fairly consistent…in other words the day to day price fluctuations are fairly even across the entire time period. Take a look at the two charts below…notice how one goes straight down while the other one goes straight up.
Most charting packages will default to the standard time based chart where each bar forms after a specified amount of time has passed 1-min, 5-min, min etc. From there, continuing the 3 to 1 ratio, you will end up with nine-minute, three-minute, and one-minute charts. Most charting platforms have Heikin-Ashi charts included as an option. Start your email subscription. On the left, there are long red candles, and at the start of the decline, the lower wicks are quite small. Professionals spend lots of time getting to know the behavior of the markets they trade. Your Privacy Rights. One, customers started to ask for charts. The QQQ ETF example that you see below is a good example of a major spike in volatility, with the trading range being roughly 3 to 4 times the average daily range over the past 2 months. Notice how the trend is strung together with a series of red and green bars. Keeping in mind that a one-minute chart is, statistically speaking, noise, you are compensating for that lack of reliability by ensuring that trades taken on that timeframe are only done when you have trend agreement between that entry time frame and the next higher time frame. The best way to achieve both simplicity and a methodical, rules-based approach to trading is to start with a simple pattern that identifies a market condition which leads to an outcome you can expect and trade. But normally it will only happen if the amount of time premium remaining in the option is zero or a few pennies. After all, the goal here is to make money as a market participant. A tick chart is made up of bars which are based off a number of market transactions as opposed to elapsed time. The "Double Trigger" Pattern When any stock hits these two invisible market triggers, it produces explosive stock moves in a matter of days. Since the Heikin-Ashi technique uses price information from two periods, a trade setup takes longer to develop.
And do you want to know a little secret? One of the biggest problems facing day traders is the simplistic notion that you can just plug and play some indicator or indicators and expect them to behave like an ATM machine pumping out money. This differs from more traditional charts that show price changes over a fixed time periods. We want to be trading First Solar from the long side. This does not permit tailoring your settings in a specific manner. You could get 1, 2 or 4 months free for a monthly, quarterly, or annual subscription. Combining over 42 years of trading experience with cutting edge computer programming skills, Rich Staiton founded High Percent Trading with the ultimate goal of providing state-of-the-art technical trading indicators, tools and auto trading bots for traders of all levels. Over 30 years of back testing different stocks and 20 different commodities clearly demonstrates that sharp increase in volatility levels will causes most financial assets to lose their directional movement and begin congesting or reverse the trend in the opposite direction. Select Vertical to amplify the cursor with a vertical line so that placing the cursor over any point of the subgraph will indicate the corresponding date or time on the intraday charts in the bubble on the time axis. Supporting documentation for any claims, comparisons, statistics, or other technical data will be supplied upon request. Thus, you walk right up and get right in without waiting.
If you want to profit from market activity, your analysis must be anticipatory rather than reactionary. Select a desired color for the cursor by clicking the sample color square to the left of the Cursor drop-down list. Likewise, if you buy the stock on the ex-div date you will NOT receive the dividend. Chapter Clients must consider all relevant risk factors, including their own personal amibroker afl to dll plugin error support and resistance indicator para metatrader 5 situations, before trading. Specify color for the current year's and average lines. Now, add options to this trading process and you can start trading with a much higher degree of trading success with controlled risk and great leverage for generating Big Trend Trading Gains. This is a confirmatory signal of a move into public participation. Inversely, a downtrend is a period of lower highs and lower lows in price. For the sake of brevity, the ADX can be used to determine if a security is trending or non trending by a simple rule: A strong trend is said to be present when the ADX is above 25 and no trend is present when below This will actually produce a chart setting that is more accurate and reliable than the generic minute chart. Use the overlay function in thinkorswim, to compare two stocks, or in this case a stock to the SPX pink line. Regardless of which chart mode or type you are using, colors are always apllied to their elements in the same way: Click the sample color square to the left of the color setting. Imagine the returns if you traded options instead of the stocks, the returns could potentially be up to 10 times higher. There is a tendency with Heikin-Ashi for the candles to stay red during a downtrend and heikin ashi how to trade without candlestick patterns thinkorswim charts prophet during an uptrendwhereas normal candlesticks alternate color even if the price is moving teknik forex carigold pdf best psar settings for intraday in one direction. For more specifics on my rules for trading the futures markets you can visit EminiMind. Assuming the covered call is not exercised, you can ib rollover pension to brokerage account fxcm alerts and trading automation receive both the dividend income and the call option income. Select a desired chart type from the Chart type drop-down list. Any fool can make something complicated. Think of it as walking into a party mins after the doors open. Shorting a call option on a stock you own just before its ex-dividend date is a common income-oriented strategy. Refer to Figure 3 below:. That way you will end up with your three basic chart settings. NOTICE… When you can identify periods of price compression, they are then followed by significant breakout moves that often lead to substantial trends. Once a trend is set in motion, it is more likely to continue than it is to reverse.
What we prefer for the highest probability trades if we want to keep things simple and we usually dois to take trades in which there is an alignment of an uptrend or downtrend exhibited across more than a single time frame. Obviously, for Forex there is no starting or stopping times. This enables a trader to more effectively gauge the stopping power of a support or resistance level based on what timeframe it came. NOTICE… When daily forex breakout strategy trader description can identify periods of price compression, they are then followed by significant breakout moves that often lead to substantial trends. The downside is that some price data is lost with averaging. While a full calculation and in depth review of The Average Directional Index ADX is beyond the scope of this article, suffice it to say it is worth touching forex trader agreement emirates nbd forex trading as it can be used to determine if a stock is trending or not. Once prices are trending, they are more likely to continue than reverse. Select Highlight seasons to have the seasons winter, spring, summer, and fall displayed each in a different color. Since the Heikin-Ashi technique uses price information from two periods, a trade setup takes longer to develop. In the chart above we can see the two highest volume nodes are underneath where price broke out into phase two. This graphically displays that there is a lot of support beneath price and that a lot of accumulation has taken place. Regardless of bitcoin trading profit calculator day trade the news chart mode or type you are using, colors are always apllied to their elements in the same way:. After all, the goal here is to make money as a market participant. Your Practice.
Typically, trend following approaches, whether for intraday or swing trading, have historically used entries on pullbacks in a trend. The tick chart allows us to break down the bar into number of transactions , , , etc. So you have to buy the stock before the ex date in order to have the transaction settle ie. By adjusting the chart to stop 50 bars from the right shaded area , you can view future earnings and dividend dates. Again, you are going for increased accuracy and high probability of getting a winning trade, based on the likelihood of potential follow-through. You get 2 weeks free with no obligation to pay anything if you cancel within the first 14 days PLUS you get additional free bonus months depending on the length of subscription you sign up for. Appearance Settings are common for all chartings, they include color scheme, parameters related to chart modes and types, and crosshairs shape. What we want is to catch the next move up or down in a major trend. The US equity markets have been in a pronounced uptrend. Gravestone Doji A gravestone doji is a bearish reversal candlestick pattern formed when the open, low, and closing prices are all near each other with a long upper shadow. The QQQ ETF example that you see below is a good example of a major spike in volatility, with the trading range being roughly 3 to 4 times the average daily range over the past 2 months. Many traders use gaps for analyzing price momentum, setting stop loss levels , or triggering entries. This pays for the trade, relieves emotional stress, and increases your odds of having a winner. Any fool can make something complicated.
Select a desired chart type from the Chart type drop-down list. The vertical axis on the left-hand-side will be scaled for the overlay symbol so the high-and-low range fits on the same chart as the original symbol. Many traders use gaps for analyzing price momentum, setting stop loss levelsor triggering entries. The daily chart setup indicates when and where the major trend is about to continue after a rest or correction. Volume charts, are similar to tick charts, except their bars close once quantum trading forex abe cofnas trading binary options certain number of contracts have been traded. The only thing better than an asset that produces an income stream is an asset that produces TWO income streams. So for example, a larger order of 10, contracts might be filled over the course of smaller orders. Here's the math:. Traders can look at the bigger picture to help determine whether they should go long or short. On the other hand, if you have a very weak trend, you would do the equivalent of bunt and get on base. You can also return to the default settings by clicking the Reset free crude oil intraday tips identify sustainable options features strategies certifications carpet chart default button in the transfer coinbase funds to binance arbitrage cryptocurrency on same exchange bottom corner of the window so that user default settings will be used if factory default settings are overridden. Periods when bars are forming faster indicates more volume moving the markets. That can basically set up charts as your go-to page for stock and futures trading needs.
It is normally 2 days after the ex-dividend date because it takes a couple of days for share transactions to settle. Although the ex-dividend date is the only date that matters to most investors, there are 3 other dates that relate to dividends: declaration date, record date, and payable date. As you can see, using a cycles-based approach to creating chart settings will enable you to effectively gauge the strength of the trend so that you can use the most effective exit strategy for the conditions at hand. Take a look at the Amazon chart below. Technical analysis allows us to understand the psychological motivations of the collective market participants, and history is a great guide provided we have a well implemented risk management plan. Usually, amateur platforms only allow you to use their generic settings. Have a look at what a Heikin Ashi candlestick series looks like. Make sure you are on the Chart Settings window. This differs from more traditional charts that show price changes over a fixed time periods. Long down candles with little upper shadow represent strong selling pressure. You should use at least a three-minute minimum setting. Assuming the covered call is not exercised, you will receive both the dividend income and the call option income. There is a 3-minute video of this dividend capture feature and process in action here:. Click the Restore button above the preview to return to the last applied chart appearance settings. To help my students remember this strength-of trend-relationship, I employ a rhyming mnemonic that goes like this:. Keep it simple, and throw away all of the complicated stuff.
The next smaller number that divides into is If you think about it logically, you will realize that it takes massive amount of volume to move large cap stocks like Google, Tesla and Amazon…and only the biggest mutual funds have the buying power to accumulate millions of shares continuously over several days or weeks at a time. The trader only sees the averaged HA closing value. Refer to Figure 2 Below:. Compare Accounts. A quick palette of nine predefined colors will appear. Renko Chart Definition and Uses A Renko chart, developed by the Japanese, is built using fixed price movements of a specified magnitude. In addition to the tick chart, there are two other types of data-based chart types, range, and volume charts. This is another important element in technical analysis which is missing from Heikin-Ashi charts. It's useful for making candlestick charts more readable and trends easier to analyze. Obviously, for Forex there is no starting or stopping times. Also, there are no price gaps. This pays for the trade, relieves emotional stress, and increases your odds of having a winner. That one element alone is the single, most important aspect of profitable trading. As you read this eBook and view the videos, you will be exposed to strategies and techniques that are designed to help you become more confident and consistent in your trading and investing activities.