Alert Trade
The Rain Man Alert gave the signal that this trade was ready to go. The trade was entered and closed out by management decision because of the speed and distance it had gone up. The trade was closed with 105 pips. The trade was taken while day trading using the 15-minute chart for the trend [...]
February 23rd, 2009Admitting A Trade Has Come To An End
There are two problems: one: figuring out a trend has ended and two: admitting that it has actually ended. Too many traders will stay in a trade thinking it will go on forever or say I will get out at the next move. They have a profit of $100 and will not take a profit [...]
February 20th, 2009Adding On To Trades: Same Effort More Profit
One of the most effective uses of a trend is to enter a small position when a trend has developed or is developing. When other signals present them selves add onto the trade until there is an exit signal. There are a couple of ways this can be done; One way is to spot the [...]
February 18th, 2009A Chart Is A Chart
One thing that needs to be stressed is that a chart in the market is the same whether it’s a 5-minute chart or a daily chart. If you could not see the numbers on a chart it would be hard to tell which time frame you are looking at. All charts have the same patterns [...]
February 17th, 2009How to Find A Trending Market
This can be easy once you know what to look for. Your search of how to determine what a trending market is, can take a lot of time and experience but with the right instructions you can find it very quickly. A choppy, or flat market is hard to trade and can lead to overtrading, [...]
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