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    Fibonacci Ratios for Trading

Fibonacci Ratios for Trading

Mystics, numerologists, and others looking for supernatural insight have long contemplated the significance of certain numbers. Well, as it happens there is at least one number—or at least a mathematical derivation—that does seem to have a nearly universal significance. That number is the Fibonacci ratio. It is named for the Italian [...]

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    The 5 Stages of Trading

The 5 Stages of Trading

Psychologists have created a model for assessing how people change their behavior. Commonly known as the Stages of Change, this model describes five steps in this process: precontemplation, contemplation, preparation, action, and maintenance. Much like these Stages of Change, day traders also go through stages in the development of their [...]

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    Three Essential Elements of Risk Management

Three Essential Elements of Risk Management

Losing money is a natural part of day trading. Even during a profitable trading day there will be some winning trades and some losing trades. The key to success is learning to apply risk management to reduce the exposure to and impact of the losing trades. All day traders must [...]

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Three Essential Elements of Risk Management

  Three Essential Elements of Risk Management

Losing money is a natural part of day trading. Even during a profitable trading day there will be some winning trades and some losing trades. The key to success is [...]

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Top Four Triggers of Fear and Greed

  Top Four Triggers of Fear and Greed

Common knowledge of trader psychology teaches that individuals should avoid trading with their emotions. This is because human emotions are inherently unstable and successful day trading requires a stable mind. [...]

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4 Golden Rules of the Market

  4 Golden Rules of the Market

In day trading there are a few fundamental principles that are the core of any trading strategy. These principals can’t be negotiated but must be adhered to at all cost. Refusal [...]

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Critical Steps to Developing a Day Trading Strategy

  Critical Steps to Developing a Day Trading Strategy

Many seasoned day traders have discovered the remarkable benefits that having a sound, objective and profitable trading system can have on their bottom line. Furthermore, having an objective trade plan that [...]

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Trading Oil Based On Fundamentals

  Trading Oil Based On Fundamentals

More so than any other market, oil trading follows fundamentals very closely. Knowing these fundamentals can make oil trading a very profitable business for the retail trader. While there are [...]

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Essential Technical Tools for Your Trading Toolbox

  Essential Technical Tools for Your Trading Toolbox

As part of their technical analysis, traders rely heavily on chart formations, as they should because they contain critical data on price movements and provide visual depictions of price trends. [...]

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Fibonacci Ratios for Trading

  Fibonacci Ratios for Trading

Mystics, numerologists, and others looking for supernatural insight have long contemplated the significance of certain numbers. Well, as it happens there is at least one number—or at least a mathematical [...]

0 comment Read Full Article

Essential Technical Tools for Your Trading Toolbox

  Essential Technical Tools for Your Trading Toolbox

As part of their technical analysis, traders rely heavily on chart formations, as they should because they contain critical data on price movements and provide visual depictions of price trends. [...]

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Separating the Retracements from the Reversals

  Separating the Retracements from the Reversals

We have previously discussed the Elliott wave and how, if properly identified, it can forecast the upward and—more reliably, since more of the pattern is visible for confirmation—downward movement of [...]

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Technical Perspective on Some Bad Days: Crash of 1929, Black Monday 1987, and 9/11

  Technical Perspective on Some Bad Days: Crash of 1929, Black Monday 1987, and 9/11

Truly breathtaking drops in the stock market are graven into not just economic history but also the popular memory, since such events dominate the news and sound particularly dire to [...]

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Heating Oil Futures-A Chart Analysis

  Heating Oil Futures-A Chart Analysis

Here is a daily and an hourly chart snapshot of Heating Oil futures (Symbol: HO). This chart includes several technical indicators: 8 period simple moving average (blue line) 20 period simple moving average [...]

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One of the most common and destructive mistakes a day trader makes is to simply not follow their plans. Temptation, an “obvious signal”, and just simple greed can lead traders down the road of being undisciplined. This is without a doubt one of the most dangerous mistakes, as traders will often lose more than they originally planned as they raised their amount risked.

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