This market has been range bound since 2014: From the 4Q ’14 till 1Q of ’16, the SPX gained a total of 0.84 points … yet moved nearly 5k points. pic.twitter.com/lCY493StBC — Ryan Detrick, CMT (@RyanDetrick) April 3, 2016 A 70.69 RSI is rare overbought level for $SPY. The odds are on going up very slowly […]
$SPY Chart: Sideways is a Direction Too Read More »
Matthew Kratter did a great job in this book explaining a simple strategy for when to buy the dip in your favorite stock. His strategy uses specific settings with Bollinger’s Bands to give you the best risk/reward ratio for your entry. He covers the bases on specific entry signals, position size, your stop loss
Rubber Band Stocks: A Simple Strategy for Trading Stocks Read More »
$IBB double bottom with positive divergences pic.twitter.com/OWSJSE6qhU — stt2318 (@stt2318) March 21, 2016 Great chart from @JKrinskyMKM https://t.co/sDhtUBYago pic.twitter.com/vLw95yYOHI — Downtown Josh Brown (@ReformedBroker) March 21, 2016 $BAC appears to be putting in an INVERSE H&S pattern … worth watching this one pic.twitter.com/M6DwmREDQu — traderstewie (@traderstewie) March 20, 2016 $TRAN bullish trend pic.twitter.com/6erwSVuAvs — BullishChartPatterns
5 Great Chart Patterns Read More »
“The Holy Grail is not what you would expect it to be. It is something that is different for each person. It’s a hidden secret you have to discover for yourself but it is obvious once it is realized.”- David Mobley, Sr. Most new traders go on a quest for “The Holy Grail” of trading.
The 5 Holy Grails of Trading Read More »
Here are 5 basic technical indicators to get you started in trading price action instead of anyone’s opinions or predictions. Moving averages tell you the trend in your time frame based on what side price is on in relation to the moving average, price above the moving average can be bullish while prices below it
5 Technical Trading Tools Read More »
Signals help traders filter out their opinions and focus on price action. These tools help capture trends in your own time frame. The 200 day SMA measures the long term trend. Price above long term bullish, prices below signal long term bearish. The 10 day EMA measures the short term trend. Price above short term bullish, prices below signal short term
6 Technical Indicator Signals Basics Read More »
The “Most Helpful Trader on Twitter” poll we run at NewTraderU.com each year has become so popular that I decided to take it a step further. Who would not love to hear what these traders have to say about their methodology, risk management, and trading psychology? I reached out to the top traders on the poll,
Interviews With The Most Helpful Traders on Twitter Read More »
Contrary to popular belief by the majority of the general population and even investors and traders stocks are not tied to their fundamental values or even the companies that sold the shares to raise capital. Stock prices are tied to simply what the current buyer and seller in the market is willing to exchange ownership
Why Stock Prices Go Up and Down Read More »
Most traders that make money from the markets get hooked early on winning trades. Many that chose trading as their career, made life changing profits early and got the trading bug. The inspiration to trade comes from the game itself and the opportunity to be rewarded monetarily for making the right decisions. Once you have tasted success, it’s
Why New Traders Quit Read More »
The best thing that most investors could have done was go to cash positions in their retirement accounts as the 200-day SMA failed in late 2015. This helped me avoid a correction in my biggest account. With the speed, chop, and volatility so far in 2016, the traders that are making money are likely day trading or holding positions for
Bulls Curb Their Enthusiasm: $SPY Chart Read More »