trading tips

The market fell again Tuesday and although three down days in four is nothing for central banksters to truly worry about (and there is plenty of lower support in the S&P) it nevertheless is not going according to plan. The Feds QE1 plan did work it saved the markets from total annihilation...

Understanding support and resistance levels is an extremely important technical skill in any market, and I think it's absolutely critical if you plan on trading the S&P E-Mini market. Professional Floor Traders are aware of an entire range of major and minor support and resistance levels before...

Let me introduce you to one simple technique I've used to pick intraday market direction with 80% accuracy. Would you like to know if a particular trade has an 80% probability of working? Would you like to know exactly where to enter that trade, and where to exit? Would you like to trade this...

Monday was another Ramp & Camp day: it ramped higher on very low volume and set up a camp site. The volatility was ridiculously low again. For the vast majority of the session, the ES traded in a scant 3.50 point range despite being up over 35.00 points. All of it happened on Globex...

How often have you looked at a chart and tried to determine whether or not the market is really trending? How many times have you been fooled by your Stochastics or RSI indicators? How many times have you sold because your oscillators were screaming overbought then watched the market dip a...

Once again the markets experienced an early updraft due to short covering that was followed by yet another preposterous Hopium explosion. One more media source The Guardian broke a story that claimed the bankers get out of jail fund (the EFSF) would be leverage to 2-TRILLION Euros. And hey...

A friend of mine in the pit had been having a rough time lately when he asked me a typical question among us traders - How do I come back from a loss? Since he had been having a "rough patch" and not just one bad trade, I gave him the following advice that is to be used over a period of time...

The market exploded Monday on the nationalization news of Dexia, no additional sovereign downgrades (but that hasnt mattered recently anyway), and an announcement by Merkel & Sorkozy that they have, in essence, a plan to create a plan in the near future. When asked about the details, Sarkozy...

In the fallout from the 2008 global financial crisis, there have been moments that have been driven by pure fear. These are the moments when it can be hard to maintain your composure and trade your plan. Unfortunately, these big days are the times when you need that composure the most. Here is a...

Although there were two good economic data points Monday, the market was slammed. The Dow closed down -258 points, while the S&P500 closed down -32.19 points or -2.85%. The first report to be released was the construction spending data. It was expected to be another negative reading of...

On a candlestick chart, there is a pattern that technicians refer to as a doji. A doji has top and bottom shadows like a regular candlestick, but has practically no real body. This happens when the opening and closing price are the same, or so close that they just leave a sliver of a real body...

Get live Commodity Calls on MCX & Breaking News regarding the market

Stop orders are often used to try to protect profits. Take the stop order to another dimension and use it to reverse your position and open another trading possibility! When you place a stop order, it is only activated if the market trades at or through the stop price. These stop prices are...

I think it's time for another look at Japanese candlestick analysis. Let's take a closer look at kicking, widely considered a high reliability pattern in candlestick charts. Kicking patterns are another reversal signal. Kicking patterns on a candlestick chart are formed when there are two...

Let's take another look at a more advanced technical tool - Bollinger Bands. These were developed by John Bollinger in the 1980s. In simple terms, they use a simple moving average and standard deviations to give a different perspective on potential highs and lows. Bollinger Bands have a...

One thing that I see that catches traders up all the time is knowing their limits. There are times when it is probably wiser to step away from a trade or not trade at all. Sometimes the best favor you can do for yourself is to take a break. It doesn't matter who you are or what kind of...

One of the biggest moments for the markets can come when there is a key news release or fresh fundamental data. Buyers and sellers seem to wrestle with the potential outcome, and in the case of larger announcements, volatility goes through the roof. The problem that I see some traders struggle...

In Tip #14, I talked about some of the basics for technical analysis. Trends and simple chart patterns are just the tip of the iceberg for technical analysis tools. There are many advanced tools that technicians use to try to find signals in the market price. One of the terms you might hear...

The open for any trading session can set the tone for the days trade. Barring any major fundamentals, it can signal whether or not traders are going to be primarily bearish or bullish, or neutral and cautious. The start of the day can set the stage for your own trades as well. Starting off with...

A question I often receive is, "How can there be more buyers or sellers at one price? Isn't there a buyer for every seller and a seller for every buyer?" The answer is yes, but people are forgetting one important thing. There is a bid and an ask (or offer), and only one of them can be traded...