We are approaching the end of the year 2016 that has been a roller-coaster ride in the markets. Looking back at the charts of various markets with AbleTrend signals may help you to change your perspective. Looking Back This is the big picture of the Dow Jones Industrial Average […]
Identifying the most promising buy or sell entry points is a different process from defining a trend. Knowing that a trend has formed based on 1-2-3-4 or 1-2-3 patterns does not mean that we should enter the market as soon as the trend starts. In fact, in most cases, we want to wait for a […]
You may have often heard: “The trend is your best friend in trading,” or “Don’t trade choppy markets.” But what is a choppy market? What is behind the choppy market? And how do you avoid it? What is a Choppy Market? A choppy market or a sideways market is the opposite of a trend market; […]
Guidance chart has become popular among AbleTrend trading software users, to find meaningful trends in the market, for both intraday trading and swing trading. The benefit of using guidance chart is that it uses longer time frame to define the trend and uses short time frame to get a better entry price when the market […]
Since we started AbleSys blog, we have received a lot of feedback with questions from traders and investors of different walks of life. Many of the questions share similar points, I decide to study these questions and address them in depth and post them, so that more people can benefit from the Q&As. Here is […]
Yesterday, June 18, NASDAQ index reached 5130 – its historical high of all time. People ask did you buy or sell yesterday? and would you buy or sell on Friday? Let’s review the $COMPQ 15-min chart of last two weeks below: In the last two weeks the buy/sell signals were very clear. We could follow […]
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 […]
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). […]
Here’s a clip from Ron’s webinar last week 5/28/2015, from our on-going member’s education series. Starting from 22:11 in the video, Ron walks you through the ES trading session, which was about as choppy as it gets!
It can be helpful to use the trend direction on daily charts to guide your trading with intraday charts. Here the daily chart is used as the so-called guidance chart. Of course, you may also use the 60-minute chart as guidance to trade the 5-minute chart, etc. Our back-testing reports clearly show that this method […]