Archive for June, 2015

Recognizing the sweet spot

Recognizing the sweet spot is one of the first skills you’d want to learn, and it should become second nature as you work with the charts more.  We’ve identified the sweet spot as the period during a trend after prices have pulled back to test support or resistance.  Since our support and resistance levels are […]

Observing support during market weakness

I wanted to share a cool excerpt from Ron’s webinar last week, featuring a chart that a user requested.  We’ve seen some weakness in the market following the unemployment report last week, and it is seen pretty well in this stock symbol TNH, which was down better than 10% since his call.  Here’s the clip, […]

NFP beats, US Adds 280k Jobs in May

Attention now turns to what the Fed’s reaction may be & whether we may see a rate hike in June. This certainly muddies the water as there has been a bit of an understanding that the Fed would not actually raise rates. The big news yesterday surrounded IMF Christine Lagarde’s comments toward Janet Yellen pleading her not to raise rates yet.

What this sets up for us is increased uncertainty going into FOMC meeting in a couple weeks (June 16-17th). […]

How to start up mechanical trading?

I have been talked with many traders in the last 20 years, a lot of traders want to do the mechanical trading, let computer to take over. To do so, first you must have a time tested and proven winning trading strategy (or called trading system). How long is so-called time tested? It should be […]