Here is a reprint article on one person’s report on the rules of successful wealthy traders: 1. They plan every single trade. EVERY SINGLE ONE. Every trader I’ve talked with that makes money consistently knows the following about every single trade they take before they even begin entering a limit order into their trading platform: [...]
There are as many trading styles as there are traders. This is because each person has a different knowledge level, energy level, concentration level and risk tolerance level. Of course if everyone traded the same way, the market would not work. So one must look at the kind of person we are and match our [...]
Some have asked how important is support and resistance (S/R) lines in technical analysis. For me S/R lines are even more important than trend lines, it is one of the first things I look at when looking at a chart. It should be noted that drawing a S/R line is a bit of an art, [...]
For reprint the following is an analysis of the “Flash Crash” from www.nanex.net. It is pretty much as they said, the race between exchange pricing and a cycle spiral down. I personal think that time delay should be enforced to not give any advantage to high speed trading. This pretty much their recommendation as well. Their analysis: There are [...]
The stochastics indicator measures the momentum of the market and can warn as to when a market is perceived to be overbought or oversold. Any reading above 80 is considered overbought and below 20 is considered oversold. Swing traders use the stochatic indicator to buy when the indicator is showing that the market is oversold [...]
The following article is a Guest Contribution from The Mad Hedge Fund Trader Look at Gold In Yen. This is one of those “I told you so” pieces, so if that sort of thing turns you off, read no further. On May 26, I recommended that you buy gold against Euros at €970 (click here [...]
The forward trend scalp trigger. For this trigger you should select a 5, 10 or 15 minute chart, with a 10 period moving average. Trades should only be taken in the direction of this 10 peiod moving average. The following is how the trade sets up: 1. Find a bar that completes with at least [...]
Hello Blue Point readers, back from vacation in Spain and my Internet is working a bit – wow! While I was in Spain, I prepared a little “Introduction to Day Trading” presentation that I will be giving to a locally interested group. It is not intended to be an exhaustive presentation – just provides an overview to [...]
The Outside – Inside Bar trigger. Yet another potential trigger that I would like to share with you. For the set up you can use any time period chart – 10, 60 or 4 hour charts for example with a 20 period moving average. A filter of only trading in the direction of the moving [...]
Bluepoint daily market view – July 28, 2010
The zig zag indicator is a bit more serious than its name would imply. The zig zag is a very basic indicator which attempts to reduce the amount of “noise” in a trending instrument. The aim of the zig zag indicator is to assist traders with staying in a winning position and avoid the urge to [...]