Posted by 13 June 2004

Trading 101: Recommended Reading – ‘Japanese Candlestick Charting Techniques’

Learning how to use candlestick charts was probably the second most important thing I’ve learned (money management is a clear #1) since I started trading for a living. The funny thing is that when I started trading all of the charts in my trading software were defaulted to displaying candlestick charts. At that time I [...]

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Posted by 29 May 2004

Let’s Review

I thought I’d walk through the NASDAQ chart for the last month or so to show you how I came up with my game plan. This chart will look a bit different than the charts I usually post because I’m showing Guppy’s Multiple Moving Averages instead of just showing the 10, 50 and 200-day moving [...]

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Posted by 3 June 2003

QQQ/NDX Bearish Engulfing

I noticed yesterday that the NDX/QQQ was a bit weaker than the NASDAQ as a whole. CNBC just did a piece on the bearish engulfing pattern made by the NDX yesterday. They did this while showing a line chart, instead of a candlestick chart (WTH?). So I thought I’d post the candle version. Here it [...]

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Posted by 2 June 2003

Tons of Shooting Stars

As I suspected, the market gapped open this morning, launching the S&P 500 over that 965 level. It was off to the races for the market until the Dow touched the 9,000 level. Sellers then stepped in and smacked the market back down. Though the Dow and S&P managed to close on the upside, I’d [...]

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Posted by 31 May 2003

Breaking It Down

For a while now I’ve been meaning to explain who I am and how I trade. After reading Dr. Steenbarger’s blog today, I’ve been inspired to do it, so here goes. It appears that my trading philosophy is very similar to that of Dr. Steenbarger. I’ll attempt to use similar headings so you can compare [...]

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