This is a Guest Post by: Colibri Trader @priceinaction. This article is used here with permission and originally appeared here on ColibriTrader.com. ATR Indicator Explained “Letting your emotions override your plan or system is the biggest cause of failure.”, J. Welles Wilder After reading this article on the ATR indicator, a trader will find out that: Originally […]
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It surprises people on twitter when they start a big passionate argument about why my trade is wrong and I just say, well if I am wrong I will stop out with a small loss. No big deal just one of my next 100 trades. Many have trouble even comprehending this concept. If you are managing
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Many new traders wonder how to develop their own entry and exit signals and build their own trading systems. I wanted to share a few sites that provide basic backtesting functionality on a web based platform. These provide enough parameters to begin to get an idea of how different signals perform in different timeframes. First
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This is a Guest Post by Alex @MacroOps which was posted originally at: Bill Ackman Finally Pukes: Beware Of False Narratives and is posted here with permission. A year ago we wrote about why Bill Ackman should learn a bit of technical analysis. We weren’t suggesting he become an Elliott Wave nut or anything, but that he
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The long term uptrend is still in place. Short term resistance has become the 10 day EMA. Short term support is currently the 50 day SMA. A break out and close on the other side of one of these levels could signal the next trend up or down. RSI finally dropped below the neutral 50 to
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Is This The Best Trading Book Ever Written? Options Indicate Disenfranchised Traders Defense Wins Championships Being Lazy Is the Key to Success, According to the Best-Selling Author of ‘Moneyball’
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Analysts on TV be like:Dow 50k if Healthcare Bill passesDow 5k if Healthcare Bill fails — ♿️Ramp Capital™♿️ (@RampCapitalLLC) March 23, 2017 Every trader is now an expert on healthcare — ♿️Ramp Capital™♿️ (@RampCapitalLLC) March 24, 2017 Preview of today's ramp pic.twitter.com/xvoRUcy3Ty — ♿️Ramp Capital™♿️ (@RampCapitalLLC) March 24, 2017 Keep in mind when markets get
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This is a Guest Post by Alex @MacroOps which was posted originally at: Lessons From A Trading Great: Jim Leitner and is posted here with permission. Jim Leitner is the greatest macro trader you’ve never heard of. He was once a currency expert on Wall Street, pulling billions from the markets, but now he plays
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Here is a simple example of a historical backtested winning trading system with signals and historical performance from 2000-March 2017. This is an example of a simple trend following system using the small cap ETF $IWM. Past performance is no guarantee of future success it is the principles of trend following that make any moving
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Trading is one of the few professional fields where anyone can go against professionals very quickly and easily by simply opening a trading account. There is no college required, no degree, or apprenticeship needed before a new trader steps up to compete in the world markets against seasoned traders and professional money managers. The 10%
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Swing trading, breakouts, and dynamics of price movement. Chat with Traders interview with Alan Farley.
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$SPY is still in a long term uptrend. $SPY remains above the short term 10 day EMA moving average. Since the gap up day $SPY is in a $239 resistance and $235 support trading range. The $SPY has had an expanding trading range The MACD remains under a bearish crossover. An RSI of 61.74 gives room
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5 Insights for Aspiring Traders Dividend Stocks are the Worst The Munger Operating System: How to Live a Life That Really Works Trading With a Higher Consciousness
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Consistently following price and technical levels with a disciplined, objective process will generate more profits than prediction ever will — LMT978 (@LMT978) March 16, 2017 Two things I learned over time: 1. Can’t be in “everything” 2. Don’t need to. Trade less, give winners time to work. — LMT978 (@LMT978) March 17, 2017 For new
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This is a Guest Post by Alex @MacroOps which was posted originally at: Flying Too Close To The Ground and is posted here with permission. It’s not how close you get to the ground, but how precise you can fly the airplane. If you feel so careless with your life that you want to be the world’s
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Here are five investment classics that are available on Amazon Kindle for only .99 cents each. I have read each of these trading books and they are all classics on the principles of trading. I had hard copies of all these editions in my old print trading library. It is amazing that Amazon Kindle has taken
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8 Things You’ll Experience When You Travel And Trade This is a guest post from Etienne Crete @DesireToTrade. On January 9th, 2017, I embarked on a journey of traveling through China. The challenge was that I was going to need to adapt to trading while traveling for the first time, something that some consider as a challenge
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This is a Guest Post by: Colibri Trader @priceinaction. This article is used here with permission and originally appeared here at Why Every Trade is Different or The Curse of the Cauliflower. Why Every Trade is Different or The Curse of the Cauliflower by: Colibri Trader Trading is a way of expression. Being free to chose the way
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$SPY remains in a strong uptrend. Friday’s daily candle closed lower than the open but lows were rejected again and the 10 day EMA was recovered quickly showing buying power for dips remain. Last week price began to lose the support of the 10 day EMA, this is the first sign of the uptrend slowing
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Who are you competing with? An Expert Called Lindy Let Me Convince You To Save Money A Loss By Any Other Name
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