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

Emotion Dominated Stock Trading

This article examines the domination of emotions over stock trading actions. Even if you know what to do, your inability to suppress emotions will lead to bad trading results.

Execute Winning Trades and Boost Your Trading Success

This article examines the elements of successful stock trading. A stock trading method to execute winning trades and to achieve trading success. A trend following system based on candlestick technical analysis.

From Long-Term Investing to Short-Term Trading Ė How to Profit on the Stock Price Rise and Drop

This article presents the notion of migrating from a long-term buy-and-hold investing strategy to a short-term profit-making trading style, capitalizing on the rise and drop of the stock price (following the trend and profiting on the cycles).

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.

Luxury Boat

If your traffic isnít growing month after month, does it mean youíre doing something wrong? Most likely you arenít doing enough things right. Again, making mistakes is not the issue. Missing opportunities is. - Steve Pavlina

Share / Save
Provide Feedback

Share / Save    Provide Feedback