crucial point i read that amazing post on your take on the market and it is one of the best, no b/s things i have heard about trading. I am trying to develop a style, and the moving average idea is great, im using that to see if i can incorporate ...

Is 90% of TA useless?

There is NO support or resistance per say. in the sense that price wont really respected. this is psycological game, support/resistance HELPS identify SUPPLY and Demand. look at your 1 hr chart and draw a line of where has price stopped moving up or ...

Help for Newbies (Discussion Thread)

3rd trade — OK Ive been reading I've been learning and my old strategies, that usually work, are seeing some new friends, i am a swing trader in stocks and i like moving averages and stochiasis. 1 hr chart, using 4hr for bigger picture using ...

Red Lions Trading Journal

second trade — 2/03/11 2130 US pacific on the 1 minute chart i see a double bottom meeting resistance at 1.37835 but the moving averages have not crossed and support at 1.37955 hasn't been broken. i will wait before going long, stochastic ...

Red Lions Trading Journal

hey ewaf, i started a trading journal and i actually share EVERYTHING i know about forex just for you. since i want you to succeed. is a lot of info but if you dont understand it let me know.

Help for Newbies (Discussion Thread)

1st trade — I'm looking at the EURO/USD, and i have mixed feeling about it, but i feel like the correction is here, the price has not passed todays pivot point, opened at 1.38156 the central pivot point for the day 1.38143, its actually acting ...

Red Lions Trading Journal

Ok class is over, journal will begin in my next trade — BEFORE THAT. I will give you my style and my theories on the market and you choose if its B/S or im on to something, keep in mind im not a professional, or an experienced trader, im a ...

Red Lions Trading Journal

pivot points — yesterdays HI+LOW+CLOSE/3 = MAIN PIVOT POINT projected R1 (Resistance 1) 2*Main Pivot Point - yesterdays low Projected S1 (Support 1) 2* Main pivot- yesterdays HI R2= main pivot+ (R1-S1) s2= main pivot - (R1-S1) floor traders ...

Red Lions Trading Journal

support and resistance — support is an are where prices have had trouble breaking to the downside in the past, look at the chart if prices go down and seem to come up from a similar area in the chart that is support for example: in the ...

Red Lions Trading Journal

fibonacci — its freaky how many times prices respect and retrace to these numbers, maybe because so many traders use them, i like them. in a nut shell: retracement lowest low of the trend to top of the trend high- low= trend difference 100% x ...

Red Lions Trading Journal

enough about moving averages, lets talk indicators — i like to hate the stochastics hahaha, base slow %k when the % D crosses the %k upwards and both lines are oversold or somewhere on the 20 range whatever, signal to buy, when the lines go ...

Red Lions Trading Journal

the 15 minute — on this one i do it 2 ways 10 crossing the 50 upwards, then the 200 upwards its strong signal to buy when the 10 crosses 50 downwards careful you can hold till your analysis shows that the 50 will cross down to the 200 then its ...

Red Lions Trading Journal

forgot the daily — daily its lazier, but more profitable, here it is more important ones are the 10/50 here, 200 tells you trend, here is where it really tells you how strong and where the trend is going 10 cross the 50 upwards usually go ...

Red Lions Trading Journal

the 4 hrs chart — the 4 hr chart is almost the same but requires more laziness, i hate it, i like to poke around with prices. same thing 50 crosses the 200 start of an uptrend, missed the boat, thats ok somewhere along the line the price will ...

Red Lions Trading Journal

Moving Averages I find them useful, you could use which ever one you want, but the most popular ones are 50 and 200. i use 10 simple/50 exponential/ and 200 exponential doesn't really matter which ones u use simple or exponential, they all tell you ...

Red Lions Trading Journal

Candle sticks: candles sticks: yes i love them, here is why: they reflect supply and demand looking at daily candles forex and stocks in a nut shell: if the candle is green/blue/white whatever your software/chart uses it means that it was a positive ...

Red Lions Trading Journal

THE BASICS — I will share my knowledge and my trading style here: this is the basics of what I know and the style i will implement. I don't have a system, and I don't want to develop one to be honest I want to develop a profitable style, I am ...

Red Lions Trading Journal

well technical analysis showing a potential good swing its got a good positive candle stick after a down trend, i dont think it'll explode probably continue to move down but for sure its a good short time swing, however, im looking more on the risk ...

How to find the right trending stocks?

you don't really need to purchase anything. i am by no means an expert but i will guide you through how i study. 1-start of with candle sticks, and understand their meanings. google candle sticks, candle stick patterns, then post here what you found ...

Help for Newbies (Discussion Thread)