confirmation (redirected from Sacrament of Confirmation)

Confirmation

1. The occurrence of two or more indicators corresponding with one another and thereby corroborating the predicted trend.

2. The written acknowledgment provided by a broker indicating that a trade has been completed. It includes details such as the date, price, commission, fees, settlement terms, and so on.

Notes:

1. A confirmation strengthens the implication of technical indicators. When a confirmation occurs, traders become more confident that the predicted trend will occur. If there is no confirmation, there is divergence.

2. Confirmation slips are usually mailed out within one week of the trade date.

See also: Broker, Divergence, Indicator, Resistance, Settlement Date, Support, Technical Analysis, Trade

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Confirmation

The written statement that follows any "trade" in the securities markets. Confirmation is issued immediately after a trade is executed. It spells out settlement date, terms, commission, etc.

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confirmation

1. A written acknowledgment of a security trade that lists important details of the trade such as date, size of the transaction, price, commission, taxes, and amount of money involved. A confirmation is generally mailed the day after a trade takes place. See also cancellation.

2. The reaction of one technical indicator (such as the movement of a stock price average) that strengthens a signal given by another indicator.