0Posted by Michael Glass on January 13, 2012 at 9:52 pm
How to
Identify and Draw
Trendlines on your Charts
A Trend in the stock market is the pattern of a stock to move in a particular direction. The best way to understand how the market fluctuates is to study trends. Keeping track of upswings and downswings of the stock market helps investors decide where to enter and exit their positions.
Day Traders have come up with many different ways to identify a trend. Some look at how moving averages are forming, others look at technical indicators that have been specifically created to identify trends and others–like myself–prefer to look directly at the price action on a chart.
What are the different types of trends?
A stock is in an up trend when the price is making a series of higher highs and higher lows.
A stock is in a down trend when the price is making a series of lower highs and lower lows.
A stock is in a sideways trend when the price is making neither a series of higher or lower highs nor a series of higher or lower lows.
Watch the video below to learn simple methods that can be used to draw any trend line in any market:
0Posted by Michael Glass on November 5, 2011 at 12:04 pm
Weekend Stock Market
Technical Analysis
Trading Plan
Here is our Weekend Stock Market Technical Analysis Trading Plan for Saturday, November 5th. In each video update, we attempt to identify high probability trading setups for the next week. We also look at the key market moving events of the past week including the Greece’s threat to opt out of the Eurozone’s bailout. We then pull up the charts to identify key technical analysis price levels for the S&P 500. We then look to see if some of the market leaders are pulling the market higher or lower (Apple, Amazon, Google, Goldman Sachs, Netflix and Priceline). We also try gain insight to the market’s future direction by looking at the charts for The Dollar, Gold and Crude Oil. Finally, in our education spotlight, we continue to look at what separates winning and losing traders. Today we look at the importance of developing a process for filtering your trades and using dual timeframe agreement for confirmation.
0Posted by Michael Glass on October 30, 2011 at 9:46 am
Weekend Forex
Technical Analysis
Trading Plan
Here is our Weekend Forex Technical Analysis Trading Plan to help day traders to learn how to trade Forex Currency Pairs by identifying high probability trading setups. In this video, we discuss key technical analysis price levels for USD/CHF EUR/USD GBP/USD and Gold. We look at each forex pair on multiple time frames to identify key support and resistance price levels. We also look at price levels to setup on various pairs based upon the current trend.
0Posted by Michael Glass on October 29, 2011 at 11:06 am
Weekend Stock Market
Technical Analysis
Trading Plan
Here is our Weekend Stock Market Technical Analysis Trading Plan for Saturday, October 29th. In each video update, we attempt to identify high probability trading setups for the next week. We also look at the key market moving events of the past week including the Eurozone increasing its bailout package over 1 Trillion dollars. We then pull up the charts to identify key technical analysis price levels for the S&P 500. We then look to see if some of the market leaders are pulling the market higher or lower (Apple, Amazon, Google, Goldman Sachs, Netflix and Priceline). We also try gain insight to the market’s future direction by looking at the charts for The Dollar, Gold and Crude Oil. Finally, in our education spotlight, we continue to look at what separates winning and losing traders. Today we look at the importance of developing a process for filtering your trades and using dual timeframe agreement for confirmation.
0Posted by Michael Glass on October 20, 2011 at 9:37 pm
How to Use
Market Internals in
your Trading System
Market Internals are a group of technical indicators that traders use to gauge market sentiment. A solid understanding of market internals and the sentiment may traders derived from them gives day traders a more focused view of the market’s potential direction. They look at the New York Stock Exchange and Nasdaq and measure, in one form or the other, how traders are voting with their dollars. In other words, market internals indicators measure money flowing into and out of the market.
Some of the more popular market internals are:
VIX - is a forward looking index that usesoptions (puts and calls) to gauge investor anticipation of volatility. It is based on the S&P 500.
TRIN - is a measure of how much volume is behind advancing and declining shares developed by Richard Arms.
TICK - compares the number of stocks on the New York Stock Exchange that are rising to the number of stocks that are falling.
Advance/ Decline - The Advance/Decline Line or ‘A/D Line’ for short, is the second most important of the internals. This indicator tells us the net sum of advancing stocks minus declining stocks.
UpVolume / Down Volume - The ‘Market Breadth’ or ‘Breadth Ratio’ is a volume ratio composed of volume flowing into up stocks versus volume flowing into down stocks. The breadth ratio is expressed: Up Volume / Down Volume.
Many traders user market internals to confirm their existing trading. It is also very helping in confirming the current trend of the market. To learn more about how to setup your market internal indicators on your charts, watch the video below.
