Rallying on Friday in spite of all the overwhelming bad news of bombing in Iraq and Putin threatening Ukraine is a positive signal for bulls. If that news can’t take the market down, what can? Last week all support levels held and prices bounced, this is what you would expect for the long term uptrend […]
CYNK market cap still $131 Million. Not bad for a company without employees that doesn't exist — zerohedge (@zerohedge) August 7, 2014 Hope you are in cash — Mr. Breakout (@sharptraders) August 8, 2014 Technical analysis to me is the study of price, if you don't believe in it is there some exchange you've found
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While you can’t know where prices will go, what the next breaking news will be, or how much profit you will make iny our next winning trade, there are a few things you can know: You can know how big of a position you will take on your next entry. You have to know where
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I am currently long $TNA from Thursday, $UDOW from Friday, and $SPY from Thursday. At this point in the market the risk/reward favors the longs. I am using end of day stop losses to filter out the intra-day noise and the increase in volatility both ways. My position sizes are big enough that they
Key Support Levels For Tomorrow $SPY $QQQ $IWM $INDU Read More »
Never trade based on your own emotions. Trading based on your own greed or fear will put you on the wrong side of the market the majority of the time. To be a great trader you must stay humble. Big egos will
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So far, so good….. Previous day support holds. Prices close above the previous days high. On the daily chart, the 30 RSI holds by end of day. A new trading range has developed over multiple days. The volatility expansion to the upside is greater than the volatility to the downside.
Some Clues For A Short Term Support Level Read More »
The $DIA, $QQQ, and $SPY are still in long term up trends so far. Only $IWM has broken the long term uptrend by closing below the 200 day. $IWM has been the weakest index and $QQQ has been the strongest. $SPY bounced near the 100 day and 30 RSI Friday. $DIA and $IWM did not
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‘Wisdom of the crowd’: The myths and realities Two Forms of Human Motivation: Gain And Prevent Pain Ride Winners and Cut Losers. Period. Stox & Technical Analysis for Traders Selling Short Online Share Trading: Breaking the Beginner’s Cycle One of the most important things we must
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#1Van Tharp On Risk Management #2 The Magic of Compounding Your Returns #3 The Top 25 Trading Books That Helped Readers Make Money #4 The Four Dangerous Internal Emotional Indicators for Traders #5 A Trader’s Most Important Question #6 10 Things A Trader Needs to Give Up if They Want to Make Money #7
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There is an old parable known as “the blind men and the elephant.” In this story, there are four blind men who are asked to determine what an elephant looks like. The first blind man feels the leg of the elephant and says, “The elephant is like a tree because it is large and round
The Blind Traders and the Market Read More »