When you are stock or forex trading, you must be able to let your emotions stay out of the trade. You should not take the trade and then panic out of positions or chase into more trades. Traders should take profits when they can take a profit. No matter if they think missing out on the top or the bottom of the channel the stock is trading in. Remember with this approach it is easier to accept that I will miss some profits in every trade. It is no big deal because another opportunity to make profits will present itself.
Trading how to take profits
Forex and stock traders are looking for the consistently wrong investor, trader and take the opposite position. This will obviously lead to winning trades for them. All traders have read trading books that point out that increasing volume is good for the continuation of the trend. Many new stock traders will try and fight the trend.
Tuesday, June 9, 2015
Monday, June 8, 2015
USD/CAD FX Chart
Summary : Target Level : 1.2563Target Period : 2 days
Analysis :
Inverse Head and Shoulders identified at 08-Jun-01:00 2015 GMT. This pattern is still in the process of forming. Possible bullish price movement towards the resistance 1.256 within the next 2 days.
Resistance Levels :
( B ) 1.2563Last resistance turning point of Inverse Head and Shoulders.
Support Levels
( A ) 1.2426Last support turning point of Inverse Head and Shoulders.
Analysis :
Inverse Head and Shoulders identified at 08-Jun-01:00 2015 GMT. This pattern is still in the process of forming. Possible bullish price movement towards the resistance 1.256 within the next 2 days.
Resistance Levels :
( B ) 1.2563Last resistance turning point of Inverse Head and Shoulders.
Support Levels
( A ) 1.2426Last support turning point of Inverse Head and Shoulders.
Tuesday, June 2, 2015
Forex USD/CAD
Summary : Target Level : 1.2449Target Period : 3 days
Analysis :
Rising Wedge identified at 02-Jun-04:00 2015 GMT. This pattern is still in the process of forming. Possible bearish price movement towards the support 1.245 within the next 3 days.
Resistance Levels :
( B ) 1.2563Last resistance turning point of Rising Wedge.
Support Levels
( A ) 1.2449Last support turning point of Rising Wedge.
Analysis :
Rising Wedge identified at 02-Jun-04:00 2015 GMT. This pattern is still in the process of forming. Possible bearish price movement towards the support 1.245 within the next 3 days.
Resistance Levels :
( B ) 1.2563Last resistance turning point of Rising Wedge.
Support Levels
( A ) 1.2449Last support turning point of Rising Wedge.
Monday, June 1, 2015
Make Money with Stock Options
Options Trading for Beginners. How to Get Started and Make Money with Stock Options This book is intended for beginning investors interested in learning about the ins and outs of options trading. No prior knowledge is assumed. The book provides a general overview of options, explains how they function, how they can be traded, when they should be traded, and their advantages and disadvantages. We’ll also take a look at the variety of option styles and a brief look at some of the many strategies that can be used to trade options successfully. By the end of this guide, you should have a good basic knowledge of what stock options are and how to use them.at any indicator that becomes too popular will, by definition, lose its effectiveness. Options Trading for Beginners
Futures Options Trading
Friday, May 29, 2015
How to trade range bound markets
The forex and stock market can be tough to trade but when they are range bound you need to be careful or you can lose all your money. Range bound markets trade within a certain price and chop between those prices.They need to know the there is a differece between trading markets and trending markets to make less risky trades. Trading markets are range bound, with allot of chop on the candle stick charts, with low volume. Trending stock or forex markets are not chopping, when they stay with the trend,and will have good volume.
Trade range bound markets
Thursday, May 28, 2015
Forex EUR/USD
Summary : Target Level : 1.1208Target Period : 3 days
Analysis :
Channel Down identified at 27-May-20:00 2015 GMT. This pattern is still in the process of forming. Possible bullish price movement towards the resistance 1.121 within the next 3 days.
Resistance Levels :
( B ) 1.1208Last resistance turning point of Channel Down.
Support Levels
( A ) 1.0819Last support turning point of Channel Down.
Analysis :
Channel Down identified at 27-May-20:00 2015 GMT. This pattern is still in the process of forming. Possible bullish price movement towards the resistance 1.121 within the next 3 days.
Resistance Levels :
( B ) 1.1208Last resistance turning point of Channel Down.
Support Levels
( A ) 1.0819Last support turning point of Channel Down.
Wednesday, May 27, 2015
Forex USD/CHF
Summary : Target Level : 0.9287Target Period : 3 days
Analysis :
Channel Up identified at 27-May-05:00 2015 GMT. This pattern is still in the process of forming. Possible bearish price movement towards the support 0.929 within the next 3 days.
Supporting Indicators :
Downward sloping Moving Average
Resistance Levels :
( B ) 0.954Last resistance turning point of Channel Up.
Support Levels
( A ) 0.9287Last support turning point of Channel Up.
Analysis :
Channel Up identified at 27-May-05:00 2015 GMT. This pattern is still in the process of forming. Possible bearish price movement towards the support 0.929 within the next 3 days.
Supporting Indicators :
Downward sloping Moving Average
Resistance Levels :
( B ) 0.954Last resistance turning point of Channel Up.
Support Levels
( A ) 0.9287Last support turning point of Channel Up.
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