Tick-by-tick day trading Simulation Software for currencies, futures and stocks
Download the RapidSP daytrading simulator and explore your chances of succeeding at the super-career as a daytrader. Learn to day trade currencies, futures, and stocks at a speed of your choice. Download years of tick data for many instruments for free, 100+ technical studies, oscillators, line studies & price styles.
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Technical Analysis With OHLC Bars

Ascending Triangle

Broadening Ascending Wedges


Broadening Bottoms


Broadening Descending Wedge


Broadening Formation Right Angles and
Ascending Wedge


Broadening Formations Right Angled and Descending wedge


Broadening Tops


Bump and Run Reversal Bottoms


Bump Run Reversal Tops


Cup with Handle


Dead cat Bounce


Descending Triangle


Diamond Bottom


Diamond Top


Double Bottoms


Double Tops


Failed Double bottom


Failed Double Tops


Failed Triple Bottom


Failed Triple Tops


Hanging Man


Head And Shoulders Bottom


Head And Shoulders Bottom Complex


Head And Shoulders Top Complex


Head And Shoulders Tops

High And Tight Flag


Island Reversal


Island Reversal Tops


Measured Move down


Measured Move Up


One Interval Reversal Bottom


Pennant Or Flag


Possible Double Bottoms


Possible Double Tops


Possible triple Bottom


Possible Triple Tops


Rectangle Bottoms


Rectangle Tops


Rounding Bottoms


Rounding Tops


Scallop Ascending


Scallop Descending


Shark-32


Support And Resistance Levels


Symmetrical Triangle Bottoms


Symmetrical Triangle Tops

Trendline


Triple Bottoms


Triple Tops


Falling Wedges


Rising Wedges


Diamond Top 
 

Diamond pattern forms after an upward price trend. Diamond tops need not form at the top of a price chart. Prices form higher highs and lower lows (widening appearance), then lower highs and higher lows (narrowing appearance). Trendlines surrounding the minor highs and lows resemble a diamond. The diamond need not appear symmetrical.
 
Example
 
graphic

Statistics
Percent of successful formations – 79%
Failure rate - 25%
Average time to throwback completion – 2 hours
 
Trading tactics
Formations often return to price levels from which they begin. The formation creates a location for support or resistance near the formation bottom. Support and resistance zones are where the trend is likely to stop. Compute the difference between the zone and the current price. The ratio of the two must be compelling enough to risk a trade.

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