Omnitrader by Nirvana Systems
Resource Center & Seminars
Our resource center is a valuable tool for any trader. Find articles and lessons on Technical Analysis written by Ed Downs and others. There is also a glossary of terms for anyone new to trading or Technical Analysis.
Articles
Why No One Trading System Works Well All the Time
LESSON - Chart Patterns Every Trader Should Know
Personality of Markets Theory
by Ed Downs, CEO & Founder of Nirvana Systems, Inc.
The Personality of Markets Theory in a nutshell says that individual securities exhibit individual personalities. If you can pinpoint a security's personality, and apply the right trading system for that personality, you can predict its next move and make money.
The easiest way to see how the Personality of Markets theory works is by looking at the futures market. Futures personalities... continued
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Why No One Trading System Works Well All the Time
by Ed Downs, CEO & Founder of Nirvana Systems, Inc.
I clearly remember the first time I saw a Trading System. It was in 1981, at one of the first CompuTrac conferences, hosted by Tim Slater. I felt the little tingles go down my back, as I clearly saw the rhythm, the patterns, the magic that is market behavior. Every example shown by the speakers, from Lane's Stochastics to Arms' Equivolume looked absolutely scrumptious. Yes, I was hooked. "Hey, I'm as smart as these guys," I patted myself, " and I am sure I can write a system that will make money in the markets. I'm going to do it."... continued
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Lesson - Chart Patterns Every Trader Should Know
- Support and Resistance
- Trendline Break and Reversal
- Saucer Formations
- Fibonacci Retracements
- Measured Gaps
- Breakaway Gaps
- Exhaustion Gaps
- Volume Climax and Volume Trend
