Price Action Trading Method

Swing Highs and Lows The first thing that we need to recognise is what is a Swing High and Swing Low. This is probably the easiest part of price action and bar counting although the whole process gets easier with practice. Market Phases There are only three ways the market can go; UpDownSideways With the swing high/low definition now in mind we can start to build some layers on to the chart to identify these market phases and start to do a...

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The 9 Characteristics of Great Traders

What separates the 10% that make money from the 90% that don't? 1. 10,000 hours In his recent book Outliers: The Story of Success, Malcolm Gladwell describes the 10,000-Hour Rule, claiming that the key to success in any cognitively complex field is, to a large extent, a matter of practicing a specific task for a total of around 10,000 hours. 10,000 hours equates to around 4hrs a day for 10 years. For some reason most people that 'try their hand' at trading view it as a get rich quick scheme. That in a very short space of time, they will...

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Andrew's Pitchfork

Andrew's Pitchfork, otherwise known as median line studies utilizes the concepts of support, resistance, and retracements (see: Support & Resistance). As is visually depicted below, Andrew's Pitchfork consists of: Handle Resistance Trendline "tine" Median Line Support Trendline "tine" Steps to creating a Pitchfork Find a significant pivot or retracement (in the chart above, the lower left corner) Find...

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Moving Average Crossovers

Let's talk about the Golden Cross and the Death Cross. No, we're not opening a deck of cards and telling your fortune. These colorful terms refer to patterns you probably use every day in your trading but don't refer to by these names. Along with its many cousins, they comprise a whole division of technical analysis. You might know them better as moving average crossovers. Moving averages emit vital market data, but all of them exhibit one common...

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Five Fibonacci Tricks

Fibonacci jumped into the technical mainstream late in the bull market. Futures traders had it all to themselves until real-time software ported it over to the equity markets. Its popularity exploded as retail traders experimented with its arcane math and discovered its many virtues.Fibonacci ratios describe the interaction between trend and countertrend markets -- 38%, 50% and 62% retracements form the primary pullback levels. Apply these percentages...

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Fibonacci

Fibona...

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Options

Options Welcome to the mysmp.com options trading education center. Now, more than ever, is an extremely important time for traders to learn what option trading is all about and also to understand how they can use options to help control risk during times of heightened volatility. While many traders use option contracts to help mitigate risk, others will use them to speculate on volatility and direction. Whatever type of trader you may be, it is important to understand your risk profile and investment objectives before selecting...

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Welcome to PANGUVANIHAN

Dear friends, Welcome to Panguvanihan. Panguvanihan..that is Stock Trader, is a new addition in line with my existing Tamil Blog http://panguvaniham.wordpress.com/ and English blog http://paisapower.blogspot.com/ . Panguvaniham closely follows the daily market movement in which I try to give my views in easy Tamil, whereas Paisapower is purely an educational platform for both the traders and investors.From today...here in Panguvanihan I will be sharing my views and ideas about potential scripes, which is meant for short term and long term investment....

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How is the SENSEX Calculated !

For the premier Bombay Stock Exchange that pioneered the stock broking activity in India, 128 years of experience seems to be a proud milestone. A lot has changed since 1875 when 318 persons became members of what today is called The Stock Exchange, Mumbai by paying a princely amount of Re 1.Since then, the country’s capital markets have passed through both good and bad periods. The journey in the 20th century has not been an easy one. Till the decade of eighties, there was no scale to measure the ups and downs in the Indian stock market. The Stock...

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OptionsORACLE - Options TRADING Analysis Tool

OptionsOracle is free tool for stock options trading strategy analysis, built for options traders....

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Measuring Reward: Risk

Why do great trade setups fail, while lousy ones move in our favor? The answer is quite simple, yet frustrating. Trading is an odds game, in which anything can happen at any time. Price will go where price wants to go, no matter how hard we hit the books, study the charts or pray to the deities. So rather than searching for the perfect trade, we're better off learning to control risk first.You've forgotten the nature of risk if you can answer "yes"...

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Learn from your mistakes to master the art of investing

The Thirukkural is an ancient non-religious literature that guides people on better living. Though written over 2,000 years ago by Thiruvalluvar in Tamil, the way of life advised by Thirukkural is still relevant today. This article is an attempt to bring the wealth of knowledge embedded in Thirukkural about finance; accessible to everyone. Thirukkural is composed of 1,330 kurals in 133 sections of ten each. A Kural is a couplet and each Kural is...

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Which Time Frame is better ?

Time Frame Breakdowns !-- Print and run! Prefer to print out these lessons? Buy the PDF. Only $49. --> Buy a copy of School of Pipsology for $49 in PDF format Buy and download a printable and easy-to-read PDF document containing the ENTIRE School of Pipsology. The PDF is an exact copy of the School section, over 250 pages (pictures included), minus advertisements and chapter-ending quizzes. Read it on-screen or print it so you can take it with you on the road. When you buy the PDF you'll receive an email within minutes with (1) a DIRECT...

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MACD - An overview

MACD - An overv...

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15 WAYS TO TRADE MOVING AVERAGES

Reading a chart without moving averages is like baking a cake without Butter or eggs. Those simple lines above or below current price tell Many tales and their uses in market interpretation are unparalleled. Simply stated, they're the most valuable indicators in technical Analysis. You can trade without moving averages, but you do so at your own risk. After all, these lines represent median levels where your competition Will make important buying or selling decisions. So it makes sense to Predict what they're going to do before the fact,...

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Investing in an IPO? Read this!

Here is a simplified idea of how to analyse initial public offerings (IPOs) using technical and fundamental analysis.There have been raging discussions during the past three years, both, when the Indian IPO market was booming and when it was crashing.Should we invest in IPOs or rather buy the stock when it comes to the secondary market? The debate over this a long-drawn one with varying answers during boom and bust.This article will try to give some tools and ratios, which help us decide whether to invest in an IPO or not at any time!Analysis based...

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Is the stock market a gambling arena?

Many people shy away from the stock market thinking it is a lot like gambling and some even think it is gambling. The vagaries of the stock market in the form of sudden spurts and dizzying falls only add fuel to this thought.Adding fuel to the aversion is the past pain from few experiments -- many in their 40s are still not entering the market because they were hurt by the Harshad Mehta scandal!Short-term trading versus InvestingThe goals for any investor in the stock market change very dramatically based on whether he is a short-term player or...

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What Are The Different Types Of Technical Indicators?

If you open up any charting package and attempt to put some form of technical indicator alongside the price, you will usually be presented with endless different technical indicators to assist you with your trading.This can be slightly overwhelming when you first start using technical analysis, because you don't know which indicators are best, what information they are conveying, or how to interpret the data. So in today's article I'm going to briefly discuss the different types of technical indicators available to you.There are basically four...

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The 3 Duck’s Trading System

Firstly I would like to say, I did not reinvent the wheel with this system, I have just added one or two ideas to a 60 period simple moving average (sma) to make it my own and named it “The 3 Duck’s Trading System” for obvious reasons as you will find out later on. The system is fairly straight forward and easy to use. Like a lot of trading systems it will be more productive when prices are moving in one direction and not stuck in a tight trading range. Of course this system has losing trade and losing runs, but with proper money management and...

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