Technical trading is one of the most profitable, but there are also many advantages in using technical analysis. The most popular approach is to trade long term strategies. If you understand technical analysis and know the market’s trend, you can build a profitable trading strategy and sell at the right times when the price is moving upward.
The technical analysis software that I use is called HFTT. HFTT allows me to analyze trends and make trades automatically. You can download HFTT here. HFTT was created by Mark Ochner, former top analyst at NEX.
The computer model that creates the computer algorithm that makes the trades has its own price range so they are very sensitive to price movements and are difficult for humans to replicate. HFTT uses a number of factors to determine if a sell signal exists.
One of the factors the algorithm uses to determine the market value is the change from a high or low. When a stock is trading in a high direction for a period of time, the prices can be very sensitive to movement in higher directions. A trend may turn negative for a short time, giving the potential to buy or sell the stock on the upside.
If a stock is trading in a low direction, the changes over a time period of months can be very sensitive. A market trend may turn negative for a short time, giving the potential to buy or sell the stock on the downside. Another factor the algorithm considers is the size of the trend. A recent high may be followed by an enormous bear market if the market is in a bull market. Another factor is the number of changes. A stock that is selling can be followed by a long or a short sell off to the side. The algorithm uses these factors and others to determine the potential for a trade.
Trading and the Market
How are the technical models different from other trading strategies?
Trading technical analysis requires a certain level of expertise and experience. It takes great knowledge to build a technical trading model and to understand all aspects of the trading process.
A trader usually creates a model for a security that is based on past data and technical analysis of the market. After analyzing the security and its future trend, traders then use the model to predict the prices. Traders also review the market’s movements and the price action. Once they have decided what they believe the future price may be, the trader then purchases the stock from the market or from other options that have taken the price of the stock
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