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All got great reviews, from trading psychology to harmonic patterns/numbers [Updated 8/21/2011]. I plan to fetch a few as I’m not learning any advance follow-thru techniques thru the internet. http://www.scribd.com/doc/4781458/Day-Trading-With-Short-Term-Price-Patterns-and-Opening-Range-Brekout %5BFree%5D http://www.amazon.com/Technical-Analysis-Financial-Technicians-ebook/dp/B000P28W3A/ref=tmm_kin_title_0?ie=UTF8&m=AG56TWVU5XWC2 http://www.scribd.com/doc/60056302/Harmonic-Trading-Volume-Two-Adobe-Reader (understanding Harmonic Trading = $$$$) http://www.amazon.com/Smarter-Trading-Improving-Performance-Changing/dp/0070340021/ref=sr_1_1?s=books&ie=UTF8&qid=1313640634&sr=1-1 (Smarter Trading… … Continue reading
NR2 = narrowest daily range relative to the previous two days’ daily ranges compared individually. This is indicative of a loss of momentum on the inside day as the market take a breath, looking for a new direction the next … Continue reading
I was caught in the $SPY’s most volatile day of the year but patience gave me the upper-hand. The market was initially aggressively indecisive as Bernanke speaks, creating a whipsaw effect that chopped me (panic) out a few times. But, … Continue reading
My alarm didn’t go off ahead of economic release of China data. Within 5 mins of waking, I opened a position. Wow!!! So, I don’t need to understand rocket science but most importantly manage my emotions and discipline… fear, greed, … Continue reading
I haven’t blogged or journal in awhile because I’m spending my down-time RESTING MY EYES (and watching videos). Now, I’m just jotting from my phone. I came to learned that fundamentals analysis, while important for long-term price action, technical analysis … Continue reading
http://stockcharts.com/school/doku.php?id=chart_school:chart_analysis:candlestick_pattern_ The most common are hammer, doji and spinning top.
This post is aimed at newer traders. Remember in school, professors teach you about efficient market theory. “That is, one cannot consistently achieve returns in excess of average market returns.” (Wiki) I don’t believe in this. Surely, they are too busy researching … Continue reading