Technical Analysis Studies

A while back I mentioned that I thought it was great that the FOREX markets close for the weekend, well I have to say it also frustrates me a bit :(

I'm sure it's great for the sanity of traders that they can have 2 days off without needing to worry about being close to the action, though I want to learn more! I've decided that I will do some research into what the different studies mean, how to read them and see if I can determine which of the studies might help me the most in my learning of technical analysis.

I may even go back and do what I've heard called "back testing" where you scroll back on your timeline and see if you can predict what will happen... it's rather boring to do though I guess less time consuming to see many different scenarios.

Some of the technical analysis studies that I'm planning to research are: 

• Bollinger Bands (I already have though will research them a bit more)
• EMA, Exponential Moving Average (very similar to the WMA)
  
• Parabolic SAR (The SAR stands for Stop And Reverse)
  
• SMA, Simple Moving Average
  
• WMA, Weighted Moving Average
  
• ADX, Average Directional Index
  
• ATR, Average True Range
  
• CCI, Commodity Channel Index
  
• MACD, Moving Average Convergence/Divergence
  
• Momentum
• ROC, Rate of Change
  
• RSI, Relative Strength Index
  
• Standard Deviation
• Stochastic RSI, Stochastic Relative Strength Index
  
• Fast Stochastic
• Slow Stochastic
• Full Stochastic
• Williams %R

These are the studies that are available in the Oanda FXgame user interface which is what I'm using to learn about trading FOREX. Hopefully I can find some examples for each of these studies through back testing, in which case I will try to post an example or 3 of each one. I can't promise how quickly I will get them researched, I would rather spend more time on each one so that I learn it properly rather than skimming over them all quickly without actually learning anything much.

I will also see if I can learn a bit more about the usage of Fibonacci to help make predictions. Fibonaccci techniques I will study are:

• Fibonacci Arc
• Fibonacci Fan
• Fibonacci Retracement
• Fibonacci Timezones
• Speed Lines (aka Speed Resistance Lines), don't think this if fibonacci though since it isn't an automated study (it probably isn't even called a study) I'll include it here.
  

I will also research the different chart patterns that can indicate a change is coming, though I will leave that for another time.

One thing that I find so great about technical analysis is that once I learn how to do it successfully I don't need to just restrict myself to FOREX, any charting analysis is possible (assuming it is many human actions which are causing changes in the charts being analysed).

If you ever have any comments or can help me, feel free to email me newbie at forexhowto dot com. Feel free to bookmark this post, or maybe you'd like to bookmark the new Technical Analysis section where I will publish all my technical analysis findings.

Related

1. Absolutely Amazing, it really really works!!!
2. New Research: Relative Strength Index
3. New Research / Technical Analysis Article
4. How to use Bollinger Bands
5. Money Management

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