Michelle B submits: In the film, The Object of Beauty, when the hearing-impaired hotel maid was asked why she stole the valuable, small Henry Moore sculpture from one of the hotel’s rooms, she replied that it spoke to her. The pattern VCLK set up this past Thursday spoke just as eloquently to me, and I [...]
Posted by 10 October 2006
MATR, An Anatomy of a Capitulation Trade
Michelle B submits: Yesterday, at 12:45, upon returning from a break, I noticed MATR moving down hard and fast on my low/high ticker; the whole low ticker window was blocked in red. MATR hogged the window completely — there was nothing else, just that one symbol. MATR was screaming CAPITULATION. I checked out support on [...]
Posted by 6 October 2006
ININ, An Anatomy of a Friday Morning Daytrade
Michelle B submits: I remember reading about a French housewife who when asked by her husband every morning what they would be having for dinner would always give the same tireless reply: “It depends on what jumps into my market basket.” Some traders prefer to trade from a prepared watchlist. For me, trading is interesting [...]
Posted by 19 May 2004
Trading 101: Expectancy
Expectancy along with position sizing are probably the two most important factors in trading/investing success. Sadly most people have never even heard of the concept. Out of the 30 or so trading books I’ve read only a few even touch on any aspect of money management. Only one of those handful of books discussed expectancy. [...]
