James16 price action patte...
Saturday, 27 February 2010
Tuesday, 16 February 2010
WOLFE WAVE - An Outlook
Q. What is the Wolfe Wave?Ans. Simply put, the Wolfe Wave is a natural rhythm that exists in all markets. It is made up of waves of supply and demand that form their own equilibrium.The key to its accuracy is in properly identifying the 1, 2, 3, 4 & 5 points. These are what give it its proper balance of equilibrium. It is very important to identify the dominant Wave. It is somewhat like recognizing those 3-D pictures. After a while a smile comes...
Saturday, 6 February 2010
How You Could Have Seen Imclone's Implosion Coming
Warning: This will be an "I told you so" column. We're going to look at a recent horror story and see why you should have bailed out by now. If it hits too close to home, you might want to move on and read something a little more pleasant. We're taking no prisoners today.The RealMoney staff love to flutter their wings about the latest blowups. But I have a confession to make. I think the companies we chatter about are extremely boring.Enron? That's...
Friday, 5 February 2010
Bilateral Trade Setups
When it comes to trade setups, it's not always an either-or situation. In fact, you can double your fun with bilateral trade setups.Start by overcoming directional bias when you look at a price pattern. Although you may see it in your mind as a long or a short, chances are it will work in either direction. The trick is to let the price action tell you which way to go.Let's back up a step and see how this works. Many patterns exhibit well-defined...
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