On Balance Volume

On Balance Volume was originally developed by Joseph Granville in 1976. Today, it is considered the grandaddy of all volume indicators. Daily data is accumulated. If price closes higher, then volume for that day is added to the prior total. If price closes lower,...

The Trend Is Your Friend

The flip side of the title to this post is “don’t trade against the trend”. The fact that markets trend is why traders make profits. Price is not completely random. Price tends to move in trends. Trends are often delineated by trend lines. When price...

MotiveWave Hot Days of Summer Sale

MotiveWave is having a Hot Days of Summer Sale for 7 DAYS ONLY starting Wednesday, July 30th, 2014, with 20% off most products.* This means 20% off Lifetime Licenses*, 20% off Leases, and 20% off Add-On Modules. This special 20% off sale starts Wednesday, July 30th...

New to Elliott Wave? Read This First!

Upon first hearing about the Elliott wave principle most people have one of two reactions. Many will disclaim the concept that it is social mood which moves the markets (it’s normal to think it’s the other way around) and they will insist that the market...