Trading Charts Quotes

When the price is about to touch a level, you should watch out for any potential candlestick pattern or chart pattern, because these patterns are offering higher chances of winning than ones not presented on any key levels.

The mystery of existence will always remain a mystery. All we know for sure is what the ancients knew: each succeeding generation forms a link in the braided cord of humanity. Each of our lives is shallower if we do not know and pay homage to where we came from. The past forms the world that we currently inhabit, and our actions today, comparable to our ancestors’ actions of yesterday, will reverberate in the history of tomorrow. While the tools of our trades evolve from generation to generation, the way that people behave and the motives behind their behavior remains constant. Each generation must chart the same dangerous territories of the heart. Each succeeding generation must diagnosis the illnesses that imperil their mental, physical, social, and economic wellbeing. Life is brutally painful and extraordinary joyful.

Charting is a little like surfing. You don’t have to know a lot about the physics of tides, resonance, and fluid dynamics in order to catch a good wave. You just have to be able to sense when it’s happening and then have the drive to act at the right time.

He looked to Liesl, “I do not see the family resemblance. Did your mother fuck around? She’s a five at best. You’re off the charts. It’s like trading a thoroughbred for a donkey. You got the looks in the family.” He looked behind him at Fred. “If he had to cheat on you with a sibling he should have gone for Fred. He’s far hotter.

You don’t make money by trading, you make it by sitting.” It takes patience to wait for the trade to develop, for the opportunity to present itself. Let the market come to you, instead of chasing the market. Chart patterns are very accurate. They have proven their accuracy and predictability time and time again, but you have to wait for them to develop.

The chart doesn’t betray you. Your ego does. — The Chart Is the Mirror

This book is an essay in what is derogatorily called "literary economics," as opposed to mathematical economics, econometrics, or (embracing them both) the "new economic history." A man does what he can, and in the more elegant - one is tempted to say "fancier" - techniques I am, as one who received his formation in the 1930s, untutored. A colleague has offered to provide a mathematical model to decorate the work. It might be useful to some readers, but not to me. Catastrophe mathematics, dealing with such events as falling off a height, is a new branch of the discipline, I am told, which has yet to demonstrate its rigor or usefulness. I had better wait. Econometricians among my friends tell me that rare events such as panics cannot be dealt with by the normal techniques of regression, but have to be introduced exogenously as "dummy variables." The real choice open to me was whether to follow relatively simple statistical procedures, with an abundance of charts and tables, or not. In the event, I decided against it. For those who yearn for numbers, standard series on bank reserves, foreign trade, commodity prices, money supply, security prices, rate of interest, and the like are fairly readily available in the historical statistics.

What does Africa — what does the West stand for? Is not our own interior white on the chart? black though it may prove, like the coast, when discovered. Is it the source of the Nile, or the Niger, or the Mississippi, or a Northwest Passage around this continent, that we would find? Are these the problems which most concern mankind? Is Franklin the only man who is lost, that his wife should be so earnest to find him? Does Mr. Grinnell know where he himself is? Be rather the Mungo Park,the Lewis and Clark and Frobisher,of your own streams and oceans; explore your own higher latitudes — with shiploads of preserved meats to support you, if they be necessary; and pile the empty cans sky-high for a sign. Were preserved meats invented to preserve meat merely? Nay, be a Columbus to whole new continents and worlds within you, opening new channels, not of trade, but of thought. Every man is the lord of a realm beside which the earthly empire of the Czar is but a petty state, a hummock left by the ice. Yet some can be patriotic who have no self-respect, and sacrifice the greater to the less. They love the soil which makes their graves, but have no sympathy with the spirit which may still animate their clay. Patriotism is a maggot in their heads.What was the meaning of that South-Sea Exploring Expedition,with all its parade and expense, but an indirect recognition of the fact that there are continents and seas in the moral world to which every man is an isthmus or an inlet, yet unexplored by him, but that it is easier to sail many thousand miles through cold and storm and cannibals, in a government ship, with five hundred men and boys to assist one, than it is to explore the private sea, the Atlantic and Pacific Ocean of one's being alone.

As with all technical indicators, signals on weekly charts are always more important than those on daily charts. The best way to combine them is to use weekly signals to determine market direction and the daily signals to fine-tune entry and exit points.

When you’re trading well, you have a better mental attitude. When you’re trading poorly, you start wishing and hoping. Instead of getting into trades you think will work, you end up getting into trades you hope will work.” — Randy McKay CANDLESTICKS ARE THE SINGLE MOST IMPORTANT TYPE OF CHARTS. They

By fending off police, pit bulls were portrayed as crack-dealing “accomplices” who abetted the rapid growth of the drug trade. To see just how closely the terms “crack cocaine” and “pit bull” were linked in the media, one need look no further than the Google Ngram Viewer, which charts word frequencies in published materials.

It was assumed we would never discuss the glaring inconsistencies between the public narratives spun around our startup customers and the stories that their data told: if we were to read breathless, frothy tech-blog coverage about companies we suspected were failing, we would only smile and close the tab. It was assumed that if we had a publicly traded company using our software—and, if so moved, could chart the overall health of that public company based on its data set, or build out predictive models of when its overall value might grow or recede—we would resist buying or selling its stock.

To summarize this pattern: when the market opens, the stock will make a new high of the day but sell off quickly. You do not want to jump into the trade yet, not until it consolidates around a trading level such as the low of the pre-market, or moving averages on a daily or 5-minute chart. As soon as the stock is coming back up with heavy volume, that is the place that you take the trade to the long side. The entry signal is to see a new 1-minute or 5-minute high after the consolidation with MASSIVE volume only. You have to remember that the volume on the way up needs to be significantly higher than previous candlesticks.

To illustrate this point, let’s think about the sky. When our ancestors originally studied the sky above them, they saw what appeared to be a random mass of stars. As they continued their observations, however, they came to realize that specific patterns of stars were always present. And not only were they always present, they were also so consistent that people could actually establish calendars and chart navigation based on those patterns. Of course, we know now that the sky is not random. It is based in the forces of gravity. The point that I am trying to make is that this is quite similar to the stock market. Prices go up and down, and anything can happen at any moment, but there are certain patterns that show themselves over and over again. And the good news for traders is that there's a good chance you can actually make money by recognizing those trading patterns.

To oversee all the details yourself in person; to be at once pilot and captain, and owner and underwriter; to buy and sell and keep the accounts; to read every letter received, and write or read every letter sent; to superintend the discharge of imports night and day; to be upon many parts of the coast almost at the same time—often the richest freight will be discharged upon a Jersey shore;—to be your own telegraph, unweariedly sweeping the horizon, speaking all passing vessels bound coastwise; to keep up a steady despatch of commodities, for the supply of such a distant and exorbitant market; to keep yourself informed of the state of the markets, prospects of war and peace everywhere, and anticipate the tendencies of trade and civilization—taking advantage of the results of all exploring expeditions, using new passages and all improvements in navigation;—charts to be studied, the position of reefs and new lights and buoys to be ascertained, and ever, and ever, the logarithmic tables to be corrected, for by the error of some calculator the vessel often splits upon a rock that should have reached a friendly pier—there is the untold fate of La Prouse;—universal science to be kept pace with, studying the lives of all great discoverers and navigators, great adventurers and merchants, from Hanno and the Phoenicians down to our day; in fine, account of stock to be taken from time to time, to know how you stand.

To summarize my trading strategy for the ABCD Pattern: When I find a Stock in Play, either from my Gappers watchlist or from one of my scanners, or when I’m advised by someone in our chatroom that a stock is surging up from point A and reaching a significant new high for the day (point B), I wait to see if the price makes a support higher than point A. I call this point C. I do not jump into the trade right away. I watch the stock during its consolidation period. I choose my share size and stop loss and profit target exit strategy. When I see that the price is holding support at point C, I enter the trade close to the price of point C in anticipation of moving forward to point D or higher. Point C can also be identified from a 1-minute chart. It is important to look at both time frames in order to gain a better insight. My stop is the loss of point C. If the price goes lower than point C, I sell and accept the loss. Therefore, it is important to buy the stock close to point C to minimize the loss. Some traders wait and buy only at point D to ensure that the ABCD Pattern is really working. In my opinion, that approach basically reduces your reward while at the same time increases your risk. If the price moves higher, I sell half of my position at point D, and bring my stop higher to my entry point (break-even). I sell the remaining position as soon as my target hits or I sense that the price is losing steam or that the sellers are acquiring control of the price action. When the price makes a new low on my 5-minute chart, it is a good indicator that the buyers are almost exhausted.

To summarize the strategy: An Angel is a low float Stock in Play which is gapping with heavy volume in the pre-market. At the market Open, our Angel makes a new high of the day but sells off quickly. You do not want to jump into the trade yet, not until it consolidates around an important trading level such as the low of the pre-market, or moving averages on your daily or 5-minute chart. This is where our Angel will have fallen to. As soon as the stock is coming back up with heavy volume, that is the place you take the trade to the long side. The entry signal is to see a new 1-minute or 5-minute high after the consolidation with MASSIVE volume only. You must remember that the volume on the way up needs to be significantly higher than previous candlesticks. The stop loss is below the consolidation period. The profit target can be (1) VWAP, (2) the then high of the day, (3) the high of the pre-market, and (4) any other important level nearby such as Y High or Y Low. If you don’t see an obvious support level and consolidation, do not trade the stock. If you see a breakout but it does not have strong volume, do not trade the stock. Fallen Angel is generally a difficult strategy to trade, especially since it is difficult to manage the risk in. You will have seen in the above examples that most of the drops are sharp, and if you are not quick in getting out of a losing trade, you may get stuck in a very bad position and be forced to accept a heavy loss. Remember, these stocks often gapped up significantly and can lose the majority of their gap during the day, so holding them during the day may not be a good idea, especially if volume is dropping during the day. I recommend trading this strategy in the simulator for some period of time before trading it live. When you go live, make sure to take small size. I know, it is easy to take a 10,000 share on a $1 stock, but remember, every cent up and down in a $1 stock is the equivalent of a 1% swing in your position. I usually take 4,000 shares for low float stocks below $10.

To summarize my ORB Strategy: After I build my watchlist in the morning, I closely monitor the shortlisted stocks in the first five minutes after the Open. I identify their opening range and their price action. How many shares are being traded? Is the stock jumping up and down or does it have a directional upward or downward movement? Is it high volume with large orders only, or are there many orders going through? I prefer stocks that have high volume, but also with numerous different orders being traded. If the stock has traded 1 million shares, but those shares were only ten orders of 100,000 shares each, it is not a liquid stock to trade. Volume alone does not show the liquidity; the number of orders being sent to the exchange is as important. The opening range must be significantly smaller than the stock’s Average True Range (ATR). I have ATR as a column in my Trade Ideas scanner. After the close of the first five minutes of trading, the stock may continue to be traded in that opening range in the next five minutes. But, if I see the stock is breaking the opening range, I enter the trade according to the direction of the breakout: long for an upward breakout and short for a downward move. My stop loss is a close below VWAP for the long positions and a break above VWAP for the short positions. My profit target is the next important technical level, such as: (1) important intraday daily levels that I identify in the pre-market, (2) moving averages on a daily chart, and/or (3) previous day close. If there was no obvious technical level for the exit and profit target, I exit when a stock shows signs of weakness (if I am long) or strength (if I am short). For example, if the price makes a new 5-minute low, that means weakness, and I consider selling my position if I am long. If I am short and the stock makes a new 5-minute high, then it could be a sign of strength and I consider covering my short position. My strategy above was for a 5-minute ORB, but the same process will also work well for 15-minute or 30-minute ORBs.

some small counting house on the coast, in some Salem harbor, will be fixture enough. You will export such articles as the country affords, purely native products, much ice and pine timber and a little granite, always in native bottoms. These will be good ventures. To oversee all the details yourself in person; to be at once pilot and captain, and owner and underwriter; to buy and sell and keep the accounts; to read every letter received, and write or read every letter sent; to superintend the discharge of imports night and day; to be upon many parts of the coast almost at the same time—often the richest freight will be discharged upon a Jersey shore;—to be your own telegraph, unweariedly sweeping the horizon, speaking all passing vessels bound coastwise; to keep up a steady despatch of commodities, for the supply of such a distant and exorbitant market; to keep yourself informed of the state of the markets, prospects of war and peace everywhere, and anticipate the tendencies of trade and civilization—taking advantage of the results of all exploring expeditions, using new passages and all improvements in navigation;—charts to be studied, the position of reefs and new lights and buoys to be ascertained, and ever, and ever, the logarithmic tables to be corrected, for by the error of some calculator the vessel often splits upon a rock that should have reached a friendly pier—there is the untold fate of La Prouse;—universal science to be kept pace with, studying the lives of all great discoverers and navigators, great adventurers and merchants, from Hanno and the Phoenicians down to our day; in fine, account of stock to be taken from time to time, to know how you stand. It is a labor to task the faculties of a man—such problems of profit and loss, of interest, of tare and tret, and gauging of all kinds in it, as demand a universal knowledge. I have thought that Walden Pond would be a good place for business, not solely on account of the railroad and the ice trade; it offers advantages which it may not be good policy to divulge; it is a good port and a good foundation. No Neva marshes to be filled; though you must everywhere build on piles of your own driving. It is said that a flood-tide, with a westerly wind, and ice in the Neva, would sweep St. Petersburg from the face of the earth. As this business was to be entered into without the usual capital, it may not be easy to conjecture where those means, that will still be indispensable to every such undertaking, were to be obtained.

Introduction In the quick-paced international of crypto currency buying and selling, having a validated Binance account isn't always just superb – it's critical. As virtual assets hold to reshape the financial panorama, the security and functionality of your buying and selling platform turn out to be paramount. In this text, we delve into the advantages of buying confirmed Binance accounts for crypto buying and selling and explore how this easy but strategic choice can increase your buying and selling enjoy to new heights. By unlocking different capabilities, improving security measures, and expanding your trading abilities, a verified Binance account opens doors to a international of possibilities inside the dynamic realm of crypto currency markets. Stay tuned as we resolve the compelling motives why investing in a tested Binance account isn't just a realistic choice but a promising gateway to achievement for your crypto trading endeavors. If you want to more information just contact now. 24 Hours Reply/Contact ✅Telegram: @usbestsoft ✅E-mail: usbestsoft24h@gmail.com Overview of Binance crypto currency alternate The Binance crypto currency trade, founded in 2017 by using Champing Zhao, quick rose to prominence as one of the main systems for digital asset trading. With a person-friendly interface and a extensive range of crypto currencies to be had for trading, Binance has come to be a move-to desire for each newbie and skilled investors alike. Its present day technology ensures rapid and secure transactions, providing customers with peace of thoughts while engaging in the risky international of crypto buying and selling. Binance gives a plethora of capabilities to decorate the buying and selling revel in, inclusive of superior charting gear, real-time marketplace information updates, and customizable trading alternatives. The platform's strong safety features shield user finances from capacity cyber threats, earning it a reputation as one of the maximum stable exchanges within the industry. Additionally, Binance frequently introduces new coins and tokens to its platform, giving buyers access to interesting funding possibilities which could probably yield tremendous returns. Engaging with Binance opens up a global of opportunities in the ever-evolving landscape of crypto currency buying and selling. Importance of having a tested Binance account The importance of proudly owning a verified Binance account within the realm of crypto currency trading can't be overstated. A proven account now not handiest presents get entry to to a wider range of features and services however additionally enhances security features to safeguard your virtual assets. By present process the verification technique, customers set up credibility and trust within the Binance platform, allowing smoother transactions and interactions with other investors. Moreover, a confirmed Binance account permits for multiplied account limits and privileges, enabling customers to take complete advantage of the platform's offerings. With more desirable verification tiers, people can get right of entry to better withdrawal limits, take part in advanced buying and selling options, and liberate top rate functions that aren't available to unverified accounts. This multiplied status opens up new opportunities for buyers to maximize their buying and selling potential and navigate the unstable crypto market with self belief. In essence, having a confirmed Binance account not most effective streamlines your buying and selling revel in however additionally elevates your standing as a reputable participant in the crypto community. By embracing the verification procedure, customers show their dedication to transparency and security even as reaping the advantages of more advantageous privileges and get entry to on one of the main cryptocurrency exchanges. Ultimately, making an investment in a verified account is

Therefore I recommend using 15-minute charts. This time frame is small enough for you to capture the nice intraday moves, but it's big enough to eliminate the noise in the market and correctly displays the "true trends.

Ed Seykota: "Fundamentals that you read about are typically useless as the market has already discounted the price, and I call them 'funny-mentals.' I am primarily a trend trader with touches of hunches based on about twenty years of experience. In order of importance to me are: (1) the long-term trend, (2) the current chart pattern, and (3) picking a good spot to buy or sell. Those are the three primary components of my trading. Way down in very distant fourth place are my fundamental ideas and, quite likely, on balance, they have cost me money.

In this sense, grocery is a story still being written. In the beginning, there was nature, powerful and cruel—that original destroyer of worlds—drought and predation, wind and disease. And so we built tools to subdue her: from jamming sticks into anthills to charting out agronomist tables and plows. And we built these tools so well and for so long that now nature, real nature, is mostly a dream, an uneasy longing, repressed and turned kindly by submission, the way terrible fathers crumble into grandfathers. Then somewhere, after centuries, we woke to the fact that our tools had become too powerful—our monocultures, pesticides, and mine scalings—the tools just as fearsome as the nature they set out to rein in, and we found ourselves cowering once again. This is the typical end point, with our Frankensteins and atomic Godzillas. A daily alienation updated almost as a background app into our iPhone addictions and queasy feelings about social media we just can’t quit. But what we’ve begun to see, what I certainly learned writing this book, is that we’ve undertaken a new project. We decided that, caught between two awesome external forces—nature everlasting, and these new tools of our own creation—the one piece in the whole operation that was most malleable was us. Our selves. That we would happily trade away aspects of our lives—be it community or duty or eccentricity or care—for an ability to survive between them.

The cost of the CAP remained a heavy burden for the EU, with half the budget going to support a sector that employs less than 5 per cent of the working population, much of it for a small minority of the bigger and richer farmers (see Chart 3). By the end of the 1990s, moreover, the twin pressures of enlargement to the east and negotiations within the newly established World Trade Organization (WTO) were forcing the EU into a greater focus on structural reform. New member states, with their large agricultural sectors, were set to drive up costs very significantly, while the need to secure agreement in WTO trade liberalization negotiations was placing increasing pressure on reductions in levels of agricultural support. Consequently, the EU agreed substantial cuts for some products in 1999, as part of wider budgetary negotiations, as well as introducing the notion of a multifunctional CAP (i.e. one that extends into the social and environmental dimensions that surround farming). This recasting of the CAP as a ‘rural’ policy—confirmed by the 2008 ‘health check’—was an important step in helping to unblock the reforms that some states, notably France, had put on hold.

Under moving average, change the numbers so that you have 10 for 10 weeks, and 40 for 40 weeks. After you input this information, update the chart and decide which stage the market is in. When you are starting out, it is best to only buy stocks when the general market is in Stage 2.

Stop-loss and Profit Target for intraday trades I suggest you adapt your SL and PT pip values to the volatility of the instrument you are trading. An easy way to determine this is to use ATR (Average True Range) indicator and set it for a long period, for example, 200. Then load around 300-500 days (daily timeframe) in your charts and see what the average ATR value for this period was (= what the average daily volatility in this period was). Then you need to multiply the ATR number by 10.000 to get the value in pips.

But Tikal was just one of many Mesoamerican city states that boasted sophisticated urban life. They developed glyphic writing (using logograms to represent words), charted the stars and created a calendar, celebrating their festivals according to their knowledge of the heavens. They lived on maize, tomatoes, beans, and drank chocolate. In their workshops, they crafted obsidian, volcanic glass, into weapons, tools, jewels and mirrors, and they spun cotton, which they traded, along with slaves, to their neighbours. They were skilled dentists, inserting turquoise and quartz into their front teeth so firmly that they remain in Maya skeletons. They knew of the wheel, but they did not use it for travel, only for children’s toys, yet they built straight, raised roads, known as white roads, to reflect the Milky Way.

For my charts, horizontal support and resistance levels are the only levels I rely on. This is because the market only remembers price levels, which is why horizontal support and resistance lines on previous price levels make sense, but diagonal trend lines don’t.

Many “would be” investors think the best way to make profitable trades is to get a trading platform, look at the charts and just give it a go. Over a thirty year professional trading career and having helped “rehab” thousands of investors, I have learned that there is a lot more to it than that!

As a day trader, you shouldn’t care about companies and their earnings. Day traders are not concerned about what companies do or what they make. Your attention should only be on price action, technical indicators and chart patterns. I know more stock symbols than the names of actual companies.

While you can learn a lot about the markets by studying his infographics online, this book takes it a step further by explaining the timeless principles of technical analysis that measure the emotions and trends of the market. It illustrates how to trade price action and demystifies chart patterns with a common sense approach. It's important to realize that there's more to trading than memorizing patterns. It's critical that traders learn to manage their risk and their emotions for long term success, and Rolf does a great job of sharing these principles and making them applicable to technical chart analysis in all financial markets. Rolf set out to write the trading book he wished he had when he started his trading journey 15 years ago, and in the process, he created the book that every new trader will be thankful for

One of the basic rules of classical charting is that you should not trade against the trend, so in a bull flag you should be looking to go long at the bottom of the channel, rather than looking for spots to short at the top of that channel.

Support and resistance lines on daily charts are not always easy to find, and at times you will not be able to draw anything clear. If I cannot see anything clear, I don’t have to draw anything. There is a good chance that other traders will also not see those lines clearly and therefore there is no point in forcing myself to draw support and resistance lines. In that case, I will plan my trades based on the VWAP or moving averages or other levels that I earlier discussed.

Now, there are times when it’s impossible to classify the market structure, and if that’s the case, move on to something else; don’t force your analysis on the charts.

Creating an algorithmic trading system should be every trader's goal. Yet, developing a trading system can be overwhelming since it involves several moving parts. Another challenge is that today's markets require an algorithm that adapts to different market conditions. In "Algorithmic Trading 101" Jacinta Chan sets you up by starting with the basics and walking you through the process, step-by-step. She touches on all aspects of a trading system. After going through the entire process detailed in the book, the trader will be ready to develop a customized trading system that follows the principles of professional traders." Jayanthi Gopalakrishnan,  Director, Site Content  StockCharts.com

All of the short-selling chart pattern set-ups that we use rely on a high-volume break off of the peak, and this is often the first sign of institutional money exiting a stock en masse as they begin “distributing” stock.

About ten miles away Third Officer Charles Victor Groves stood on the bridge of the Leyland Liner Californian bound from London to Boston. A plodding 6,000-tonner, she had room for 47 passengers, but none were being carried just now. On this Sunday night she had been stopped since 10:30 P.M., completely blocked by drifting ice. At about 11:10 Groves noticed the lights of another ship, racing up from the east on the starboard side. As the newcomer rapidly overhauled the motionless Californian, a blaze of deck lights showed she was a large passenger liner. Around 11:30 he knocked on the Venetian door of the chart room and told Captain Stanley Lord about it. Lord suggested contacting the new arrival by Morse lamp, and Groves prepared to do this. Then, at about 11:40, he saw the big ship suddenly stop and put out most of her lights. This didn’t surprise Groves very much. He had spent some time in the Far East trade, where they usually put deck lights out at midnight to encourage the passengers to turn in. It never occurred to him that perhaps the lights were still on … that they only seemed to go out because she was no longer broadside but had veered sharply to port.

eventually I decided to be a pilot and committed to being the best. I made both of those things happen, and I’ll always treasure the fact I earned the role of CAG. “But when I consider going back to that role and that life, I only feel hollow inside. I assumed at first it was my grief about Aleron, but I’ve spent this week dredging through everything and finally realized I don’t care about being part of the Crew anymore. I’ve lost all interest in flying, and I definitely can’t deal with taking orders from anyone. You and the rest of the pilots deserve better than a commander who doesn’t care. I deserve better than to just jump back on to that path because it’s what I’ve been great at in the past. I’ve already spent half a lifetime zooming around the stars on someone else’s Mission. I want to trade that all in right now and chart my own course.

Holding losses and hoping to break even is not an investing or trading plan. That is dumb money on suicide watch!

You don’t make money by trading, you make it by sitting.

Opening European Trade with Asia Marco Polo was an Italian merchant whose travels introduced Europeans to Central Asia and China. In the 13th century the traditional trade route leading to China was overland, traveling through the Middle East from the countries of Europe. Marco Polo established this trade route but it required ships to carry the heavy loads of silks and spices. Returning to Italy after 24 he found Venice at war with Genoa. In 1299, after having been imprisoned, his cell-mate recorded his experiences in the book “The Travels of Marco Polo.” Upon his release he became a wealthy merchant, married, and had three children. He died in 1324 and was buried in the church of San Lorenzo in Venice. Henry the Navigator charted the course from Portugal to the Cape of Good Hope on the southern tip of Africa and is given credit for having started the Age of Discoveries. During the first half of the 15th century he explored the coast of West Africa and the islands of the Atlantic Ocean, in search of better routes to Asia. Five years after Columbus discovered the West Indies, Vasco da Gama rounded the southern point of Africa and discovered a sea route to India. In 1497, on his first voyage he opened European trade with Asia by an ocean route. Because of the immense distance around Africa, this passage became the longest sea voyage made at the time.

The steps of the rattlesnake volatility formula are: 1)  Overlay Bollinger Bands on a price chart with a 20 period, 2 standard-deviation setting. 2)  Overlay Keltner Channels on the price chart with the Bollinger Bands, but set a 20-period setting. 3)  At the bottom of the chart, input the Chaikin Oscillator to monitor the flow of money in and out of the the stock and set at a 21-period setting.

As the stock trades lower each day, what is the volume doing? Right! It is increasing. The volume is confirming the trend. We always check the volume. If a stock is advancing and the volume is declining, then it is not confirming the trend.

Entry and exit points are vital parts of trading and investing. That is worth repeating.  Entry and Exit points are vital parts of Trading and Investing. Whether you are Day Trading, Swing Trading, or are a Long Term Investor. Why would you ever buy a stock at the wrong time? Unfortunately, there are many market participants with no training that do it every day.

Entry and exit points are vital parts of trading and investing. That is worth repeating.  Entry and Exit points are vital parts of Trading and Investing. Whether you are Day Trading, Swing Trading, or are a Long Term Investor. Why would you ever buy a stock at the wrong time? Unfortunately, there are many market participants with no training that do it every day. The Pros love the uninformed, the novices, and the Pigs. Who else are they going to sell to when a stock has reached a resistance point, or reached an all time high? You guessed it. They are going to sell to the novices and the pigs who are hoping for more advance. Then when the stock drops, falls to support, or finds support somewhere, the Pros will buy it back from the novice who has just taken a loss and a beating. “The time to buy is when blood is running in the streets” ~Baron Rothschild

All My Friends That's how it starts We go back to your house We check the charts And start to figure it out And if it's crowded, all the better Because we know we're gonna be up late But if you're worried about the weather Then you picked the wrong place to stay That's how it starts And so it starts You switch the engine on We set controls for the heart of the sun One of the ways we show our age And if the sun comes up, if the sun comes up, if the sun comes up And I still don't wanna stagger home Then it's the memory of our betters That are keeping us on our feet You spent the first five years trying to get with the plan And the next five years trying to be with your friends again You're talking 45 turns just as fast as you can Teah, I know it gets tired, but it's better when we pretend It comes apart The way it does in bad films Except in parts When the moral kicks in Though when we're running out of the drugs And the conversation's winding away I wouldn't trade one stupid decision For another five years of life You drop the first ten years just as fast as you can And the next ten people who are trying to be polite When you're blowing eighty-five days in the middle of France Yeah, I know it gets tired only where are your friends tonight? And to tell the truth Oh, this could be the last time So here we go Like a sales force into the night And if I made a fool, if I made a fool, if I made a fool On the road, there's always this And if I'm sewn into submission I can still come home to this And with a face like a dad and a laughable stand You can sleep on the plane or review what you said When you're drunk and the kids leave impossible tasks You think over and over, "hey, I'm finally dead." Oh, if the trip and the plan come apart in your hand Tou look contorted on yourself your ridiculous prop You forgot what you meant when you read what you said And you always knew you were tired, but then Where are your friends tonight? Where are your friends tonight? Where are your friends tonight? If I could see all my friends tonight If I could see all my friends tonight If I could see all my friends tonight If I could see all my friends tonight

Technical analysis involves reviewing actual price and volume action on share price charts to reach conclusions about the likely future direction of the price. In

When people say I “day trade”, I am a little baffled. Why stress yourself? Soak in the sun, relax. There are

When people say I “day trade”, I am a little baffled. Why stress yourself? Soak in the sun, relax. There are going to be days, when there is nothing to trade. In fact, there may be weeks when there is nothing to trade. And then you will have days when there are a ton of stocks to trade. Most of our time must be spent in looking for a trade where

Chart 8.2: Trade only where there is an opportunity such as this In the example in Chart 8.3, the risk of a trade is too high even though the stock has risen 40% in a week. The stock has no volume and has been in a long term decline. Some announcement, e.g. an acquisition of a stake may have caused this kind of jump. However,

Picking stocks for trading is just like what we do in our lives. We can praise anyone. We can say things we don’t mean. But when it comes to putting up the money on someone, our opinions can and should be very different. We have to then look at their ability to pay us back not how nice they are to talk to, etc.

When I get hurt in the market, I get out. It doesn’t matter at all where the market is trading. I just get out, because I believe that once you’re hurt in the market, your decisions are going to be far less objective than they are when you’re doing well.

never try to predict or anticipate. I only try to react to what the market is telling me by its behaviour. I believe there are no good stocks or bad stocks; there are only money making stocks. So there is no good direction to trade, short or long; there is only the moneymaking way to trade. Greed, fear, impatience, and hope will all fight for mental dominance over the speculator.” — Jesse Livermore

One reason why many types of technical analysis don’t work too well is because such methods are often applied indiscriminately. For example, if you see a head-and-shoulders pattern form in what is the market equivalent of a twenty-year-old, the odds are that the market is not likely to die so quickly. However, if you see the same chart formation in the market equivalent of an eighty-year-old, there’s a much better chance of that pattern being an accurate indicator of a price top. Trading the market without knowing what stage it is in is like selling life insurance to twenty-year-olds and eighty-year-olds at the same premium.” — Victor Sperandeo

getting your trading direction right. Some stocks run on their own steam, others are manipulated. Some are manipulated all the time, others from time to time to create a certain price or excitement.

Then there are stocks where a significant percentage of shareholding is in the hands of one person, one family, or a small group of people. In such cases trading volume is typically low or nonexistent. In such stocks, you will see manipulated cycles of accumulation and distribution which are usually driven by the deliberate effort of a group of people usually acting in concert with those who control the stock.

If charts are of high integrity, i.e. large volumes, large market capitalisations, large number of investors with no large holders of stocks, you have to look for uptrends and downtrends to trade. And, you have to stick to supports and resistances. If the charts are of low integrity, trade them only when there is an accumulation in process. During periods of accumulation, gains will be exponential.

Avoid trading stocks based on TV and other media recommendations. Most analysts have their own agenda in pushing a stock, especially if the stock is one with a low volume and low market capitalization. Putting

For low risk trades, prices and volumes must rise consistently for at least two weeks. Avoid making trading decisions based on a single day’s price rise or a single week’s price rise. A short term price rise can be driven by a large lot of the stock being bought by institutional investors or by the non-availability of enough stock to make up for a large order.

Day trade is similar to running a kirana store. You sell a lot of products but margins are small. And

I don’t recommend day trading for new traders. The pickings are small and the losses could be large. Your tendency to let the losses run and take profits quickly will prevail. You will not put stop losses, or if you see a loss you won’t close the position on the same day, which is the essence of day trading. These kinds of normal trading tendencies among new traders are what lead them into a loser’s game. So wait for a year or two till you have used longer forms of trading and are disciplined with stop losses, closing out losses, and letting profits run before attempting day trades.

Swing trades typically last 2 to 5 days, or a bit longer.

You should try swing trading only if you have experience of trading for a couple of years. That’s because this method will require you to take frequent small losses till you finally get that one big swing where you make the big profit. If you don’t take quick, small losses and allow your losses to grow large, then even a large profit from a great swing trade

Good swing traders make money because they quickly exit from 7 out of the 10 trades where they see losses rather than those who get it right 7 out of 10 times.

Position Trading Position trading works best for traders who can’t spend the whole day trading. Position trades are taken on the larger trend in the market or a stock, and may last many days or even several months. The critical aspect of position trading is to always keep a stop loss and adjust the stop loss as the stock moves. That takes care of any sudden jolts to the stock which may be of a significant nature.

Position trading will suit you if you are inclined to follow fundamentals but have realized that even if a stock is fundamentally strong, it needs to get a “push” from institutional investors or investor interest of some kind. Since this kind of trading does not require constant monitoring, it also works for those who trade part time. The stocks depicted in Charts 12.10 and 12.11 have had no upward trend in the past eight months. In fact, they have dipped below their range. These are the kind of stocks you should not take a position trade in even if the stock runs up for a couple of days.

CHARTS MAY BE MANIPULATED TO CREATE PATTERNS to entice you and other traders to trade in the stock. Charts where the integrity of the promoter or the operator is questionable become suspect. When

When a chart is “infected”, or prices are manipulated to create an illusion of a direction, they turn extremely risky and can result in severe losses. Take a look at Chart 13.1. Trading on this kind of pattern is not just risky, it is plain dangerous.

With this understanding, you trade when the charts show that the buyers are outweighing the sellers, or vice versa.

Shut that 24-Hour TV Noise “Trading is a psychological game. Most people think that they’re playing against the market, but the market doesn’t care. You’re really playing against yourself. You have to stop trying to will things to happen in order to prove that you’re right. Listen only to what the market is telling you now. Forget

During trading hours, trade either from a closed room where there is no disturbance, or from your office. Don’t take calls and don’t seek opinions about stocks once the trading day begins. Get a brokerage account with a terminal where you can pull out all charts of all kinds of time periods, namely day charts, weekly charts.

Avoid the mobile if you can. Keep 2 to 3 screens if you can afford it and let all the charts you are watching show

Don’t read too many research reports and newspaper articles. If a chart does not show an increase in price and an increase in volumes even if there is excessive good news, it is likely the news is not as great as it has been made to sound. If a chart shows increase in both price and volumes, even when no one seems to notice the stock, you can be sure something is causing the stock’s price to rise with rising volumes over a period of time.

Each evening we would scan our charts for the pattern we wanted to trade in the current market environment and we would know what trades we needed to place the following morning.

Each evening we would scan our charts for the pattern we wanted to trade in the current market environment and we would know what trades we needed to place the

You don’t have to trade everyday. There will be days when you don’t find a trade which has low risk. Spend those days reviewing charts and seeing if you missed any stocks with a trend. Then there will be days where you will find dozens of stocks to trade. On those days, go for the big profits.

Predict? Yes. That’s implied when you make a trade. Just don’t stick to your predictions if the market tells you something different.” — Jason Leavitt

If the trade is based on your personal whim or conviction and is not backed by charts or price, volume and time proof, then it’s best to put a specific target of what you are ready to lose.

Always understand the risk/reward of the trade

The beginning of a price move is usually hard to trade because you’re not sure whether you’re right about the direction of the trend. The end is hard because people start taking profits and the market gets very choppy. The middle of the move is what I call the easy part.” — Randy McKay

Think of a company. There is a small top management, a large middle management and then there are the staff level people. Chart 7.1: Head, body and tail The Head When you place a trade, the safe thing to do is to

Volume, or the number of shares traded, reflects

A trader named Chuck Zion took an interest in Sam. Known as Brown Bear, Zion showed Israel how to be a “paper trader.” Following a matrix of three hundred companies, Israel learned to track the price movement of shares so that he could recognize characteristics. “Brown Bear made sure I was doing it every day, not being lazy and wasting his time,” Sam recalled. “He was giving me a gift. Once you know the price range of a share, you get a chart in your head. You know if the stock is streaking. You know if it is tanking. Each stock has characteristics in the way it trades. Knowing the price of a stock was like dating a girl. How well do you know her? What does she like to do? What’s her mood today?

In most cases, charts display an additional variable called “V” or volume. This variable specifies the number of traded shares during the day.

The stock market has four trading points, namely: “O” or opening price, “C” or closing price, “H” or highest price for the day, and “L” or lowest price for the day. You'll see all of these points while you're looking at a chart.

As a general rule, the minimum move following the completion of a chart pattern should be equal to the height of the pattern itself,

A continuation pattern during the course of a major trend allows me to advance my initial protective stop in the direction of a profitable trade. A breakout of a continuation chart will be accompanied by its own Last Day Rule. I may elect to move the protective stop from the initial Last Day Rule to the new Last Day Rule created by the continuation pattern.

Having two important moving averages on both 5-minute and 1-minute charts make that level even stronger.

The closest moving average on a chart is 9 EMA, as it “hugs” the price more frequently. You will often notice that a price will break 9 EMA but then will bounce back on 20 EMA.

The salt shortage of the norther fisheries was solved by a commercial group that organized both herring and salt trades. Between 1250 and 1350, a grouping of small associations in norther German cities formed. Known as the Hanseatic League, from the Middle High German word Hanse, meaning 'fellowship,' these associations pooled their resources to form more powerful groups to act in their commercial interests. They stopped piracy in the Baltic, initiated quality control on traded items, established commercial laws, provided reliable nautical charts, and built lighthouses and other aids to navigation.

Greed, fear, uncertainty and the willingness to take risks have determined human actions for millennia and, of course, how people have manoeuvred their money around the world's markets for centuries. When we learn to read the buyer and seller interaction from the charts, we will be able to read and handle any price chart, on any market and for all times going forward.

Support and resistance levels are drawn as horizontal lines on the charts and should highlight prices that have been touched numerous times in the past. ​»​ The greater the number of times a price serves as a support or resistance, the greater its significance if that level is eventually broken.

fundamental analysts focus their attention on company finances and economic data about industries for which the stocks trade (also known as industries). They are concerned with factors like corporate earnings reports, profit margins, unemployment rates, and gross domestic product (GDP) growth rates. They examine these economic factors to determine how they will affect the demand and supply of a particular stock.

Technical analysis is more concerned with the price movements of a stock or an index by examining historical records of trading activity. A technical analyst looks at past data to predict future price movements. They believe that history tends to repeat itself in the stock market and that past performance is the best indicator of what will happen in the future.

Technical analysis is concerned with things that a company does not directly control.

fundamental analysts turn to earnings reports and other data released by companies that provide some indication of how well or poorly they are performing. The fundamental analyst looks at how the company is doing as a whole and tries to get an overall grasp of how the market reacts to these reports.

Haramis.” Harami, meaning a “sinner, thief, someone born illicitly.” The word carries a lot of meaning and the Iranians adopted it as well from the Arabic language. Tara was unzipping her suitcase, ready to take some clothes to take a shower. “Tell that to a trader and he might get a chuckle out of what you said,” Tara said. “Huh?” Amir had no idea what she meant. “The word harami, it’s a candlestick pattern.” “A candlestick pattern? What are you talking about?” Amir was now even more dumbfounded. “I was bored one day so I read and learned about trading. Stock trading,” Tara said as she started to take a set of clothes out of her suitcase. “Candlestick charts are patterns used by traders to look at price movements in stocks and stuff.” She closed her suitcase up and looked up at Amir. “Harami is a candlestick pattern. It means “skirt steak” in Japanese but it also derives its meaning from the word pregnant. And it basically shows one candlestick engulfing a smaller one. A pattern for traders to analyze which direction the stock or security will go.

When trading countertrend against a strong trend, it is imperative to wait for the signal bar to close before placing your order, and then only enter on a stop at one tick beyond the bar in the direction of your trade (if you are buying, buy at one tick above the high of the prior bar on a stop).

Look for strong price signals: channel breakout, head-and-shoulders, good range trades. (I used to include Golden Cross, but it let me down once too often. Maybe I should give it another try, as that was a few years ago.) Always confirm the price signal with another indicator (RSI or volume). If in doubt check a third indicator. If that is not conclusive, don't trade. Ensure the potential profit is at least 2x the stop-loss level, 3x or more if possible.  Trade in lots of [5% my portfolio size]. Place the stop-loss at the same time as the order. Do not ever, ever break these rules. The market can stay irrational longer than you can stay solvent. If you can't find a trade, don't try to make one.

My biggest mistakes include, but are not limited to: Revenge trading. Repeatedly trading the same choppy stock over and over as if it personally owes me money. Overtrading. Thinking I can recover from losses by taking low quality setups in rapid succession. Not stopping at my daily goal or 11:30 AM. Slowly giving back all of my gains. Not stopping out. Freezing like a deer in the headlights and letting a small loss grow into a big one. Not taking a break after a bad trade. Continuing to trade when my psychology is in tatters. Thinking I need to be in every move. Forcing bad trades rather than waiting for the chart to provide confirmation.