I will be watching $XLE next week, and trade any opportunities with price extensions getting $1 under the 5 day EMA to the downside, and also converging near the 30 RSI on the chart. I will be a buyer of these extensions away from the 5 day EMA, and enter long using $ERX, looking for […]
Key Support Levels For $XLE Read More »
In baseball, you don’t have to swing at every pitch. And in these markets, the best traders wait for the best signals. Good batters look for the pitches over the plate, the ones they can knock out of the ballpark. Good traders look for high probability setups with great risk/reward ratios. With the RSI oscillator,
$SPY: The Fat Pitch Read More »
$SPY is currently in an 8 day trading range, with $208 as resistance, and $204 as support. $SPY ran up against this resistance again on Friday. For a momentum breakout, $SPY must breakout and close over the 100 day SMA. Prices will likely be stuck in this range until the uncertainty over Greece subsides.
10 Facts About the $SPY Chart: 7/12/15 Read More »
Buy Ahead Of Earnings Reports? Please Don’t 25 Powerful Trading Lessons From Jesse Livermore The 14 Stages of Trading Psychology
5 Great Trading Articles: Week 7/11/15 Read More »
Keep it real – got hit today cause the ⌚️ is $AAPL — Downtown Josh Brown (@ReformedBroker) July 9, 2015 Chinese QE is just the latest example of them stealing our intellectual property. — Downtown Josh Brown (@ReformedBroker) July 8, 2015 Greek debt/GDP currently at 175%. It will surge over 200% once Greece accepts bailout
Top Tweets of the Week: 7/10/15 Read More »
Gazelles are a an antelope species, and as such, are nimble creatures. They are also susceptible to being easily spooked, and may end up running with the wrong crowd. These traits alone would make them horrible traders, but there are things that a skittish trader can learn from this fleet-footed creatures. Being nervous is not
Why Gazelles Can’t Trade Read More »
As traders, we have unlimited online distractions. I limit my time to five websites that are my go-to places for charts, news, learning, and connecting with other traders. I hang out most the day on Twitter. I enjoy the flow of information, seeing what other traders are doing, and reading interesting facts from all over the world.
The 5 Websites I Frequent the Most Read More »
Let’s face it. There are a lot of things you can do with your life, and most of them are easier than trading every day, especially in this market environment. But there are real advantages to devoting your time to the science of trading. If given the proper attention and nourishment, a trading career can
12 Reasons Why Trading is Worth It Read More »
The highest probability oversold dip buying level to enter $SPY based on an oversold oscillator, is a reading of the 30 RSI on the daily chart. The highest probability dip
The Ultimate $SPY Dip Buying Level Read More »
$SPY continues to be range bound in 2015, with a .86% year to date return. In this market, buying dips and selling rips has been where the money is made. Buying weakness and selling strength. In range bound markets, horizontal trend lines are can be traded based on previous support and resistance, as seen in
10 Facts About the $SPY Chart: 7/5/15 Read More »
Market Update: S&P 500 Technical Support Levels In Focus Jon Boorman’s Weekend Review and Watchlist The Real Logic And NatureStop Loss Orders Switching From Stocks to Bonds Based on a 200-day Moving Average Crossover In Trading Hindsight is 20/20
5 Great Trading Articles 7/4/15 Read More »
“Sorry the failed policies we forced on you shrunk your GDP by 27% and gutted your economy. Now please run a budget surplus.” GTFO — Downtown Josh Brown (@ReformedBroker) July 1, 2015 Greece is like a barber shop – everyone gets to talk all the sh*t they want but at the end of the day,
My Favorite Tweets of the Week: 7/3/15 Read More »
Here are 10 traders I learned from directly through their twitter presence. These traders helped me in my continuous journey as a trader. Dean Karrys @canuck2usa taught me that successful active trading on a shorter time frame is possible.
Traders on Twitter I Learned The Most From Read More »
Some of the most user friendly websites to find the stock or pattern you are looking for based on your own personal parameters: Finviz Incredible Charts Yahoo Finance Stock Screener Past Stat StockCharts.com
5 Useful Screening Tools and Sites for Traders Read More »
This is a Guest Post by Bob Loukas For an asset like Crude, which is normally extremely volatile, the current prolonged sideways range is very much out of character. Crude has us accustomed to daily swings of 2% to 3%, and to shorter term rallies/declines that draw in traders before reversing suddenly. Crude is generally
Crude Oil Nearing Exhaustion: Guest Post Read More »
Traders hear the terms “buy fear and sell greed” over and over again. However, these sayings are meaningless outside the context of specific price action. Here is some context: Fear is not a buy signal. Fear can set up a dip buying signal with a good risk/reward ratio, or a short side trade out of
Emotions Are Not Trading Signals Read More »
The long term resistance line held last week at $212.75. This is still a range bound stock market in 2015, with a 2.08% year-to-date return in $SPY. Many of the stock market sectors are no longer trending up, but are caught in the 30-50 RSI range. This is a warning of potential distribution, and the
10 Facts About the $SPY Chart 6/28/15 Read More »
Riding Trends and Managing Risk – $AMBA The Psychology Behind Casinos And The Stock Market Trend Followers: A Potential Dilemma With Long-Term Moving Averages Q&A with Ben Carlson on A Wealth of Common Sense The Loneliness of the Short-Seller
My 5 Favorite Trading Articles: Week 6/27/15 Read More »
Market makers be like… pic.twitter.com/jWkFWNBBhX — TradingMemes (@tradingmemes) June 26, 2015 Your trading plan smells fishy… cc: @TradingMemes http://t.co/TeET4kcsqf pic.twitter.com/FLdtYykDT0 — TradingMemes (@tradingmemes) June 26, 2015 Instagram game strong pic.twitter.com/ogMh5sUnYN — Wu-Tang Financial (@Wu_Tang_Finance) June 26, 2015 My generation’s Tinder was calling the girl’s home phone and hanging up when her dad answered. That took
My Favorite Tweets of the Week: 6/26/15 Read More »
Greg Harmon has written an informative book for those who are committed to learning the basics of the mechanics of trading. I liked his routine of weekend chart studies, and developing a trading plan based on price action, not his opinions or predictions. He shows readers
Review for Trading Options by Greg Harmon Read More »