Projection Oscillator

Overview
The Projection Oscillator was developed by Dr. Mel Widner and is intended as a modification of the Projection Bands. The thing that makes the Projection Oscillator unique is that it measures the value of the current price to the lower and upper Projection Bands. Whereas other Oscillators such as the Stochastic Oscillator only compare the current price to its minimum and maximum prices over a recent time period.

What are the Maximum and Minimum Values of the Projection Oscillator
The maximum value for the Projection Oscillator is 100. This means that the price is currently touching the upper band. If the indicator is at 50, it means the price is in the middle of the upper and lower Projection Bands. Lastly a value of 0, means the price is testing the lower Projection Band.

How to Trade with the Projection Oscillator

Overbought/Oversold
The easiest method for trading the Projection Oscillator is to buy and sell a security when the Projection Oscillator reaches extreme levels. So, if the oscillator crosses below 30, a sell signal is generated. Conversely, a move above 70 will generate a buy signal. This method of trading the oscillator is the least reliable as it does not take into account the momentum of the stock or current market conditions.

Crossovers
When the Projections Oscillator crosses a trade trigger at a specific level, a buy or sell signal is triggered. An example of a buy condition would be when the Price Oscillator crosses the 5-day moving average below the 30 level. Placing a moving average overlay on the indicator is a common option for many trading applications.

Divergences
Lastly, one of the most common methods of trading many indicators is to look for divergences between price action and the direction of the indicator. So, if a trader sees the stock making a new high, while the Projection Oscillator is trending lower, a sell signal could be triggered.

Al Hill is the co-founder of mysmp.com (My Stock Market Power) which provides education on all topics finance; including stocks, bonds, options, futures, forex, technical analysis, and more! Please visit http://www.mysmp.com for more free financial educational content.

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How to Recession Proof Your Family With Forex Trading

You're probably feeling it already. With the price of gas being raised, and the costs of basic living expenses continuing to increase, many families are struggling in these tough economic times. With the dollar declining, many smart families have seen the benefits of trading currencies to take advantage of the foreign economies that are progressing. The best part, is that much of this requires very little capital investment, can be done in your spare time, and can be automated to the point where you simply set it up and collect.

Forex trading in effect in recession proof because it is not swayed by one country, government, or industry. In fact, it is truly the closest thing to a global open market, as it is traded twenty-four hours a day and nearly seven days a week.

While any sort of trading requires a bit of risk, Forex trading does not require massive amounts of capital to get started like other investments, and since trading happens so rapidly, you can quickly generate profits from your forex trading.

Forex trading can be complicated and risky if you don't understand the principles behind, however, since the forex operates in such a mechanical fashion, computer programs have been developed to analyze these trends and make the best trading decisions possible.

These programs require no technical knowledge, just the disciple to stuck to the plan and not let emotions get in the way of the trading. By trading the forex market, families have been able to create a generous passive income stream to use for college savings, as a nice future retirement fund, or simply to aid in paying the monthly bills.

It's a nice feeling to know that your family will be taken care of, regardless of the economy, and regardless of being dependent on a full-time job. Learning how to recession proof you family with forex trading is the perfect opportunity for those looking to gain some serious financial security and stability without a large investment of time or money.

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Online Trading Systems - How To Find A Profitable One

Trading online is now so much easier and far cheaper than using a broker, that is why there are some many people electing to trade online rather than having to go through the hassle of phoning a broker directly every time they want to place a trade.

However the major draw back of trading online is that you are trading on your own. And as any seasoned trader, whether they are trading online or offline will tell you the biggest challenge is having a reliable trading system that you can use in your online trading.

An online trading system means you enter into a trading position when all the trading signals are met through your online trading system using a check list.

The only way you are going to be able to succeed as an online trader is if you have a strict set of guidelines you can follow in a trading system and having the discipline to stick to them

Having and using a predetermined system of trading will enable you to take the emotion out of the trading decisions you make thereby greatly increasing your chances of success in trading online.

There are many online trading systems available on the internet and in book stores, and most of them do work to a certain degree. But picking an online trading systems depends on your style of trading, which is possibly hard to do if you have not been trading for any considerable length of time.

All you can do when you find an online trading system that you think may be profitable is to back test it. What is back testing? It is simply taking the chart of a stock currency or indices and going back in time and then advancing the chart bar by bar and making a decision on what you would do...(either go long or go short) with the information you have at hand.

To do this back testing properly for online trading you have to make sure you do not cheat by seeing what happens further on in the chart. What I do is put my cursor on the slide button on the chart, shut my eyes and basically go back in time. That way your decisions can not be coloured by what you have seen prior on the chart.

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