USEFUL TIPS

There is a series of free trading lessons, which consists of 10 topics that traders, both beginners and experienced traders, should find them very useful.

The 10 Free Trading Lessons will cover the following topics:

(1) The importance of psychology in price movement.
(2) How to spot mega trends.
(3) Understanding of technical price objectives.
(4) How to picture price objectives.
(5) How to trade with moving averages.
(6) How to use point and figure trading techniques.
(7) How to use the RSI indicator.
(8) How to correctly use stochastics in your trading.
(9) How to use the ADX indicator to capture trends.
(10) How to capitalize on natural market cycles.

On top of the above, you will learn all about Fibonacci retracements, MACD, Bollinger Bands, and much more.

These 10 free trading lessons will be sent via email.

In order to get this, just fill out the form here. Then you should be able to get it started right away. Hope this info can be useful to you.

Saturday, October 31, 2009

Market Analysis Video: Has the S&P Index Topped Out for the Year?

Have we seen a top in the S&P index? This short video shows some analysis that indicates we may potentially be going to see a correction in this index.
Watch this video and see if you will agree with the arguments in regards to this market.

By watching the video, you’ll also learn more about the following:
* Trend line
* Fibonacci Retracement
* MACD Divergences

Although I posted this video a bit late, I’m sure you can still learn something from this due to its rich educational values in technical analysis. Happy watching! =)

Related Topics:
* Free Trading Educational Video: Learn Technical Tips from Dan Gramza
* Learning Candlestick Charts
* Learning Charts Patterns
* Understanding Implied Volatility (IV)
* Understanding Option Greeks
* Understanding Option’s Time Value

Analysis Tool:
Get Free Trend Analysis for your favorite symbols

Thursday, October 22, 2009

Market Analysis Video: Is the NASDAQ Now in Thin Air?

The major indexes have made some interesting moves lately, but the NASDAQ is currently at an interesting spot, as pointed out in this new video.

The video would give you some examples about Bearish Engulfing candlestick, Fibonacci Retracement and MACD Divergences. See how it can help you sharpen your technical analysis skills.
Happy watching. :)

Related Topics:
* Free Trading Educational Video: Learn Technical Tips from Dan Gramza
* Learning Candlestick Charts
* Learning Charts Patterns

Analysis Tool:
Get Free Trend Analysis for your favorite symbols

Friday, October 16, 2009

TRIPLE BOTTOM PATTERN – Part 1: Formation

Triple Bottom Pattern is a bullish reversal pattern that normally forms after an extended downtrend, which marks a shift in trend from bearish to bullish.

The Formation of Triple Bottom Pattern



Triple Bottom Pattern contains three consecutive, distinct & sharp bottoms at about the same price level, with two moderate peaks in between the bottoms, followed by a breakout through a resistance.
This pattern forms when the price is in an existing downtrend. It occurs when the price drops to a support level (forming the 1st bottom), then increases (forming the 1st trough), and then return to the support level (forming the 2nd bottom), then increase again (forming the 2nd trough), and then drop back to the resistance level again (forming the 3rd bottom), before subsequently increase further.

Although the price bottoms do not necessarily need to be exactly the same, but it should appear near the same price level.

The pattern is completed and confirmed when the price increases and closes above the highest high of the two peaks, which serves as the key resistance level in this pattern. This highest high point is called the “Confirmation Point”.

This pattern occurs because the sellers attempt to push the price lower, but are not able to do so as they are facing support, which prevents the continuation of the downtrend. After three failed attempts, the sellers in the market exhausted and gave up, and the buyers begin to be more aggressive to take control of the market and drive the price higher, pushing it up into a new uptrend.

To be continued to Part 2: Important Characteristics of Triple Bottom pattern.

To find out more about other Chart Patterns, please refer to:
Learning Charts Patterns

Related Topics:
* Free Trading Educational Video: Learn Technical Tips from Dan Gramza
* Learning Candlestick Charts
* Options Trading Basic – Part 1
* Options Trading Basic – Part 2
* Understanding Option Greek
* Understanding Implied Volatility (IV)
* Understanding Option’s Time Value

Analysis Tool:
Get Free Trend Analysis for your favorite symbols

Friday, October 9, 2009

Trading Quotes from “Way of Turtle” by Curtis Faith – Part 2

Go back to Part 1.

Some more good trading quotes from "Way of the Turtle: The Secret Methods that Turned Ordinary People into Legendary Traders" by Curtis Faith.

Don’t spent all your time admiring the fancy tools in the magazine.
First learn how to use the basic ones well. It’s not the size of your tools that counts but how you use them.

Keep it simple. Simple time-tested methods that are well executed will beat fancy complicated method every time.

Trading with poor methods is like learning to juggle while standing in a rowboat during the storm. Sure, it can be done, but it is much easier to juggle when one is standing on a solid ground.

Trading is not a sprint; it is boxing. The market will beat you up, screw with your head, and do anything it can to defeat you. But when the bell sounds at the end of the twelfth round, you must be standing in the ring in order to win.

The market does not care how you feel. It will not prop up your ego or console you when you are down.
Therefore, trading is not for everyone. If you are unwilling to face the truth about the markets and the truth about your own limitations, fears and failures, you will not succeed.

I always say that you could publish my trading rules in the newspaper and no one will follow them.
The key is consistency and discipline.
Almost anybody can make up a list of rules that are 80% as good as what we taught our people. What they couldn’t do is give them the confidence to stick with those rules even when things are going bad.
(By Richard Dennis, quoted in 'Market Wizard' by Jack D. Schwager)


Related Topics:
* Free Trading Educational Video: Learn Technical Tips from Dan Gramza
* Option Greek
* Understanding Implied Volatility (IV)
* Understanding Option’s Time Value
* Learning Candlestick Charts
* Learning Charts Patterns

Saturday, October 3, 2009

Trading Tips Video: Is DIVERGENCES Developing in Apple (AAPL)?

Following up the educational video on understanding Divergences a few days ago, here is another example about Divergences in Apple (NASDAQ_AAPL), one of the biggest tech stocks in the world.

This four-minute video about APPL explains some potential negative divergences that are developing for this stock. The negative divergences do not mean that Apple is going to collapse, as the major positive trend in the stock still looks strong. However, it could indicate that Apple may be at a high point, at least for the time being.

Hope the video can give you more understanding about the use of Divergences in analysing the market. Enjoy! :)

Related Topics:
* Free Trading Educational Video: Learn Technical Tips from Dan Gramza
* Learning Candlestick Charts
* Learning Charts Patterns

Analysis Tool:
Get Free Trend Analysis for your favorite symbols

Thursday, October 1, 2009

Trading Tips Video: Understanding DIVERGENCES Using the S&P 500 Market

Divergences have been widely used by the traders / investors using technical analysis to find the clue of a potential market turning.
Do you understand how Divergences work in the market?

This video has done a very good job in explaining how Divergences (in MACD indicator) work using the recent S&P 500 market analysis. Short and sweet …. straight to the point and clear.
Don’t miss this short video to gain better understanding of Divergences and how to make use of it to help in your trading.

Also, if you’d like to enhance your trading / technical analysis knowledge even more, you may want to learn from these 10 Trading Lessons as well. They are informative and educational. More importantly... it's FREE.

Related Topics:
* Free Trading Educational Video: Learn Technical Tips from Dan Gramza
* Learning Candlestick Charts
* Learning Charts Patterns

Analysis Tool:
Get Free Trend Analysis for your favorite symbols