What is Ctabs?

Ctabs stands for Candlestick Technical Analysis Buy/Sell. The Ctabs implementation is copyrighted by igtsoft.com. The development of the system was motivated by the desire to seek technical analysis methods to increase trading performance. Many different technical analysis approaches were examined and candlestick technical analysis became a focus.

Much experimentation occurred including the use of weekly, monthly and even minute historical data; the analysis of volume; gap up/down analysis; correlation of candlestick technical analysis with other technical analysis methods such as different types of Moving Averages, Moving Average Convergence Divergence, Relative Strength Index, Money Flow Indicator, Bollinger Band Indicator, Stochastic Oscillator, to name just a few. Trend following and trend reversal methods were also explored.

Within the scope of candlestick technical analysis, various candlestick patterns and various tolerances were examined to gauge their effectiveness. By tolerances, we mean things like how big does the candlestick have to be in order to be considered a Hammer. The research and experimentation led to the Feb/2007 completion of the Ctabs algorithm which is a specific interpretation of the general candlestick technical analysis method.

Traders have different risk-reward orientations. Traders have different time horizons for their trades. Traders use different kinds of tools and resources to help with their trading. Ctabs is an effective tool which contributes to trading success for all stock market traders.

Page 1 of 13
More you might like

Trading Gold Stocks in 2009

This article examines various elements of importance for trading gold stocks.

Stock Trading Tug-of-War between Emotions and Technical Analysis

This article examines the continuing dilemma facing the stock trader: the tug-of-war between emotions and reasoning through technical analysis.

Paper Trading versus Real Trading

This article compares paper trading with trading involving real money. Failure in paper trading is a sign that the person should not partake in real trading. Success in paper trading does not necessarily mean a person will succeed in real trading.

Trading Research in Motion post Q1/2009

This article covers my observations on the trading of Research in Motion. With its huge rise leading up to and following the latest earnings announcement, where is the stock headed in the near term?

Comparing Day Trading with Other Trading Timeframes (March/2009)

This article covers my day trading experiences in the month of March/2009. Different trading timeframes are compared.

Visit the Camera Guy
to shoot your photos and videos.

YafaRay Piggy Bank

Why has no one figured out how to make money from write-only-memory?

Share / Save
Provide Feedback

Share / Save    Provide Feedback