share and the 52- week low is 374.00 per share. Therefore, you will see a ton of orders hovering around these yearly levels. The more volatility and momentum you notice near these levels at least initially the better. You only want to enter the order for the first hour of the trading day. Donchian was called the "father of modern commodities trading methods and was the first to manage a commodities fund that was available to the general public. Bollinger Bands (a registered trademark of its inventor, John Bollinger) are another charting indicator. The 15 Minute Bar Charts Works With Stocks 52 Week Low Example In this example you can see how the stock makes the initial 52 week low.
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Using Momentum Charts One way to begin using these charts is with the simplest, the moving average. Once you are filled you need to place your stop loss order below the low that was made the day prior to your entry. (See also: Trading, systems. If the currency rises above the moving averages of two charts of the same currency but with different time periods, this is a stronger buy signal. A Bollinger Bands chart is related to a Moving Averages chart, but uses a more complicated charting process that incorporates standard deviation in its calculation. . Notice how the breakdown below the 52 week low was volatile and once again started with a small gap. If the price retraces to the middle line and bounces from this level, you can trade in the direction of the bounce until the price reaches the low /high of the range. This is a classic number which when broken will often lead to a nice rally. The reason for this volatility is because the 1 year high/ low area is the center of focus for many traders including professional hedge funds and mutual funds who put a lot of weight into the 52 week high/ low price. Known simply as the four- week rule (4WR this is the exact system designed and used by Donchian. A new four- week high means that prices have exceeded the highest level they have reached over the past four weeks.
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