Trading pullbacks is the darling of price action traders. There are many ways to qualify a pullback and one of the simplest method is the three bar pullback. In the Futures & Options Trader magazine (August 2008), Lee Leibfarth suggested some improvements to the three bar pullback. (Active Trader has replaced The Futures & Options Trader […]
Archives for December 2013
5 Checks Before You Start Day Trading For A Living
You have been day trading part-time and making some decent extra income. You are not day trading for a living, not yet. That is your dream. To work anywhere you want, with just an Internet connection and a computer. Are you ready to make the leap and start day trading for a living? Day trading […]
Impulse System Long Signal on KSS Weekly
KSS Big Picture Analysis The KSS weekly chart just broke out of a bear channel. As the bear channel progressed, price failed to reach the bottom of the channel. In fact, the 50% retracement level of the earlier major upswing supported price. (shown by dotted lines) The measured move target based on the channel coincides […]
The Natural Number Trading Method
George Kleinman wrote about the Natural Number Method in Trading Commodities and Financial Futures: A Step-by-Step Guide to Mastering the Markets (4th Edition) and The New Commodity Trading Guide: Breakthrough Strategies for Capturing Market Profits. Natural numbers are numbers we count with. But that’s not how George Kleinman defines natural numbers. He meant natural numbers as […]
Hikkake on SHLD Daily
SHLD Big Picture – Trading Range SHLD is now in a trading range. The resistance area has contained prices well. The support level, together with the resistance level, has defined a clear trading range. Furthermore, this trading range could be nested within a larger trading range as marked by the solid black lines. There were […]
6 Steps to Find a Day Trading Strategy That Works
How many day trading strategies have you tried? Do they work? Can you make them work? Let’s set our expectations right. A day trading strategy that works for you might not work for me. A day trading strategy that works now might fail in the future. A day trading strategy that works in this market […]
