Decoding the Words that Traders Use
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10 Price Action Trading Tips You Can Learn in 10 Minutes
Here is a great guest post from Rayner Teo: Here’s the truth: Price action trading is not just trading pinbars or engulfing patterns. Rather, it’s reading the sentiment of the markets, identifying areas of value, and trading along the path of least resistance. And yes, price action trading can be complemented with indicators. It’s about
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A Simple Guide to “Finding your Niche”
This is a guest post from Dante Vincent I was having a discussion with one of my guys the other day…he saw some others in the room making some really nice trades, and he said to me “Dante, what are they doing that I’m not doing?” Putting in the time outside of market hours…in addition
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10 Fast $SPY Chart Facts 5/8/16
The $SPY price is still in the same price range as it was in late 2014. $SPY is still within striking distance of all time highs. The 50 day SMA held as support on Friday bouncing late in the day. $203 is the short term support level. MACD is still under a bearish cross. Slow
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My Favorite 5 Trading Articles: 5/7/16
Sat, May 7 – 3 USD trades and how I found my entries The Mind of a Day Trader Emotions vs. Sentiments Jack Schwager shares the key lessons learned from many of the worlds greatest traders Why The Path Is As Important As The Move
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Top Trading Tweets: Week 5/7/16
The desire for constant action irrespective of underlying market conditions is reponsible for many losses. -Livermore. — Assad Tannous (@AsennaWealth) May 2, 2016 Always cringe when other traders say a trade is "too risky". Risk is whatever you want it to be. — Assad Tannous (@AsennaWealth) May 5, 2016 Any hack can hold blindly in
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Elements for Building Trading Systems
While trading systems have to be built for an individuals risk tolerance and personality type the principles used to build trading systems are basically the same . Here are the 10 key universal elements to successful trading system development. You have to chose if your system will be profitable from a high win rate or big wins and
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Double Bottom Chart Pattern Explained
The Double Bottom Chart pattern is a bullish reversal pattern. This pattern is created when a key price support level on a chart is tested twice with a rally between the two support level tests. A double bottom chart pattern happens at the end of a downtrend that has likely gone on for weeks maybe months.
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Lessons From the Show: American Greed
I have watched the show ‘American Greed” for years and I have always been fascinated by how the con artists on the show are able to trick people out of millions and millions of dollars over and over again. The con artists that are profiled on ‘American Greed’ promise the moon to investors but burn
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Why Short Term Results Mean Nothing
Single trades mean nothing outside a trading system that is executed consistently with discipline and risk management. One trade can be as much luck as skill. Any single trade entry has a 50/50 chance of moving in your favor on entry and being a short term winner. 10 Reasons Why Short Term Results Mean Nothing:
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10 $SPY Chart Facts 5/1/16
$SPY failed to break out of all time highs last week. $SPY has gone no where for a year back to the same price levels of early 2015. $SPY is still holding over the long term the 50 day and the 200 day moving averages. RSI is near neutral at 50.32. $SPY had a reversal
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Top Trading Articles: Week 4/30/16
If you want a million Dollars trading, don’t focus on the money. Do this instead…. When the Markets Are Volatile, Sometimes the Best Thing to Do Is Nothing Why People Overestimate the Risk of Black Swan Events Unmasking the Men Behind Zero Hedge, Wall Street’s Renegade Blog The Full Story Behind Bloomberg’s Attempt To “Unmask”
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Top Trading Tweets: Week 4/29/16
As wretched as I’m sure many of you are, trading is a profession that will require you to improve yourself as a person in order to succeed. — Walter White (@BreakingOutBad) April 29, 2016 The best traders have strong patience and excellent market timing. Focus on each of these to decrease your trade quantity, increase
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2 Stocks Near Support Levels $AAPL $TWTR
The old darling of the last bull market Apple’s chart has lost it’s way. Apple’s only sin was to not set a new earnings record. Carl Icahn then piled on announcing he had exited his Apple stock completely today. To say this sell off is overdone is an understatement from a fundamental and technical perspective.
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The Basics Facts about Options
Options are simply trading vehicles. The level of their risk is correlated to your position size and the odds of success in your timeframe before the contract expiration. The same principles of profitable trading apply to options that apply to the rest of the financial markets. The difference is that with option contracts to represent positions you
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The Anatomy of a Good Trade
“There are just four kinds of bets. There are good bets, bad bets, bets that you win, and bets that you lose. Winning a bad bet can be the most dangerous outcome of all, because a success of that kind can encourage you to take more bad bets in the future, when the odds will
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Sideways $SPY Chart Facts 4/24/2016
$SPY is bullishly above all key moving averages. The $SPY 50 day/200 day golden cross is historically bullish. The MACD is showing a bearish cross and beginning to go sideways here showing a trading range. The slow stochatistics is still under a bearish cross here. The ATR continues to decline which is bullish. The 63.62 RSI
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Top Trading Articles: Week 4/23/16
Taking a close look at Rolf of Tradeciety’s 4 trades of last week S&P 500 May Be Headed To New All-Time Highs – Here’s Why Limiting Your Challenges vs. Challenging Your Limits Don’t be this guy How to use candlestick patterns to identify stock market early reversal signals
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Top Trading Tweets 4/22/16
When asked what it feels like to be the best guitarist alive, Eric Clapton said, "I don't know. Ask Prince." — Justin Paterno (@zerobeta) April 21, 2016 Uber just overtook rental cars as a % of business travel expenses. Hertz and Avis have denied this possibility.https://t.co/viqHrsNJIr — Downtown Josh Brown (@ReformedBroker) April 21, 2016 McDonalds
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10 Types of Con Artists in Trading
Beware of Forex bucket shops that pretend to be brokers but really trade against you. Many times killing accounts with big bid/ask spreads. If you see a ‘broker’ or trading service using attractive female photos to push some service off on traders stay away. Trading newsletter writers that don’t even trade. They issue a lot
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