Tag: 5 ways trendlines improve your trading

Here's Why Trendlines Are Your New Best Friend, Part 2

Posted on by The INO.com Team

By Elliott Wave International

One of the best aspects of technical analysis is also its biggest drawback: Namely, there are far too many indicators to choose from.

Candlesticks to channels, Relative Strength Index to Bollinger Bands, double tops to moving averages...

Geez! With so many options, you're liable to feel like a "hanging man" beneath "dark cloud cover."

But in reality, all you need is one good, solid place to start; one indicator that can be your technical rock of Gibraltar. Continue reading "Here's Why Trendlines Are Your New Best Friend, Part 2" →

Here's Why Trendlines Are Your New Best Friend, Part 1

Posted on by The INO.com Team

By: Elliott Wave International

If financial market speculation were easy, then everyone would be well off -- and the legendary investor Warren Buffett would be just a nice rich guy from Omaha with really cool glasses.

The reality is, successfully navigating the near- and long-term trends is exceptionally difficult. Gains can be big, but losses can often be even bigger.

Technical analysis offers you an all-you-can-watch buffet of indicators to help reduce your risk and optimize rewards. You may already be using moving averages or momentum indicators, for example -- and you know how helpful they can be at anticipating trend changes.

Well, let us introduce you to another excellent tool: trendlines.

For the past 15 years, Elliott Wave International's chief commodity analyst Jeffrey Kennedy has been using trendlines to identify high-probability trade set-ups in close to 20 markets he regularly follows.

You might be familiar with one of those markets, cocoa. In his May 2014 Monthly Commodity Junctures, Jeffrey showed subscribers how to apply trendlines to this volatile market: Continue reading "Here's Why Trendlines Are Your New Best Friend, Part 1" →