Archive for May, 2009
Don’t Hold Your Breath Too Long While Under Water
Posted on30. May, 2009 by admin.
Don’t Hold Your Breath Too Long While Under Water
The headline of this educational feature pertains not to swimming but to trading. Most professional traders do not hold onto their losing positions for very long. Once a trading position goes “under water” most professional traders will immediately begin looking for an exit strategy-if they do not [...]
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Those Fascinating Fibonacci Numbers and the Golden Ratio
Posted on30. May, 2009 by admin.
Those Fascinating Fibonacci Numbers and the Golden Ratio
Support and resistance levels on bar charts are a major component in the study of technical analysis. Many traders, including myself, use support and resistance levels to identify entry and exit points when trading markets. When determining support and resistance levels on charts, one should not overlook the [...]
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Technical Traders: Veteran Traders Share Their Secrets and Strategies
Posted on28. May, 2009 by admin.
Technical Traders: Veteran Traders Share Their Secrets and Strategies
An elite group of traders and technical analysts gathered in Las Vegas last weekend to educate and enlighten several hundred attendees of the 21st annual TAG (Technical Analysis Group) conference. For two and one-half days, these respected market watchers shared their trading secrets and strategies.
Following are some [...]
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The Importance of Basic Trading Tools – Like the Venerable Trend Line
Posted on28. May, 2009 by admin.
The Importance of Basic Trading Tools – Like the Venerable Trend Line
In some of the educational stories I have written, I discussed my “primary” trading tools and my “secondary” trading tools. I also mentioned that the more tools one has in his or her “Trading Toolbox,” the better the odds for trading success. In this [...]
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Attention Traders: Making a Trading Checklist
Posted on27. May, 2009 by admin.
Attention Traders: Making a Trading Checklist
A lot of email has come in from readers asking me how to improve upon “pulling the trigger” to enter a trade. How many traders out there have ever pondered a potential trade for so long that once they actually got ready to execute it, they then got cold feet [...]
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Using Contrary Opinion in Trading Markets
Posted on27. May, 2009 by admin.
Using Contrary Opinion in Trading Markets
I have told my readers that one of the best methods to trade a market is to jump on board when prices “break out” of a congestion or “basing” area on the charts and begin a new trend. I have also stressed to my readers that one of the most [...]
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A Trade or a Gamble?
Posted on25. May, 2009 by admin.
A Trade or a Gamble?
I love to trade a lot – which is of course a euphemistic way of saying I love to gamble. Although I have been to Vegas more than a dozen times I never laid down so much as a dollar bet in any casino. I have absolutely no interest in backjack, [...]
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Risk and Reward
Posted on25. May, 2009 by admin.
Risk and Reward
How do you determine proper risk and reward in trading? I don’t think anyone can ever provide a definitive answer to that question because its is akin to asking how many layers do you need to walk outside of my apartment in New York City in the winter. Right now as the thermometer [...]
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Pound Reaches 6-Month High vs. USD
Posted on20. May, 2009 by admin.
The EUR rose on Tuesday, trading at $1.3625, up half a percent from Monday, due to a surprisingly big improvement in German economic sentiment. The ZEW indicator jumped to 31.1 in May from 13.0 in April, above economist estimates of a 20.0 reading. This suggests that analysts and investors were not as grim about the [...]
