By Jim Wyckoff No short-term trading system is perfect. However, having and using a system is critical for short-term trading success, say Howard Abell and Bob Koppel. “A successful short-term trading system must be profitable, consistent, and personal–conforming to the unique psychological and methodological needs of the individual,” they said. Abell is chief operating officer … Read more
By Clive Corcoran If “volume precedes price” as is often suggested then it should be possible to apply analytical techniques to certain volume attributes that will have some predictive capabilities with regard to future price development. Using various techniques that come under the general heading of money flow analysis it becomes feasible to decide whether … Read more
Take the time to check out any firm or individual that you don’t know through previous experience or reputation. All firms and persons offering options on U. S. futures contracts are required by law to be registered with the Commodity Futures Trading Commission (CFTC) and to be Members of National Futures Association (NFA). You can … Read more
Step 1 – Look for 3 WHITE SOLDIERS against Minor Price Resistance, and/or a declining Major Moving Average (10 MA, 20 MA, or 50 MA). Ideally you want to find a series of 3 green candlesticks; however, 2 green candlesticks can also work well. Step 2 – Pull up a 15 min. chart of the … Read more
Step 1 – Look for 3 BLACK CROWS resting on Minor Price Support, and/or a rising Major Moving Average (10 MA, 20 MA, or 50 MA). Ideally you want to find a series of 3 red candlesticks; however, 2 red candlesticks can also work well. Step 2 – Pull up a 15 min. chart of … Read more