Trader's Whiteboard: Lesson 2

Posted on by The INO.com Team

In the centuries that people have been trading and charting, those same people have noticed that the market will repeat itself time and again. By studying these patterns, they were able to ascertain that when X occurs, it’s a smart time to do Y.

Do you know what you’re looking at when you open your charts?

In this second installment of the Trader’s Blog Whiteboard Series, Adam shows you what you’re looking at, what it means, and how you can profit by paying attention to these formations.

There is no need to register to watch this series and please feel free to share with friends and fellow traders. Lesson 2 is waiting...

Enjoy!

The MarketClub Team

8 thoughts on “Trader's Whiteboard: Lesson 2”

  1. Hello Adam , where can I view the first video? When the third video is coming out? thanks, Rahman

  2. I noticed that you mentioned in this 2nd lesson the pivot point, once it break and the approximate 90% success rate. Do or can you use this for intra-day trading? Do you think or know if this works and/or has a success rate similar when day trading?

    Thanks

    1. Steven,

      You can use this for intra-day trading.

      The shorter the time period the greater the risk. Using a day or weekly chart offers a better profit opportunity IMHO.

      All the best,
      Adam

  3. Can u tell me which time frame do u use....As different, 5 min, 15 min, 30 min, 1hr etc time frames, give different pictures.....

  4. I share William's experience. I tried this on AKAM recently based on Adam's video and lost money. Not to say that any trader can make 100% right calls but don't know how to find such stocks and what time frame to look at i.e. 1year, 2yrs, 5 or 10yrs. Adam you need to help us with this more than the 3 min video (only if you really want to help us all). Thanks

  5. I learned about "M" and "W" from Phil Grande a few years ago, but I still haven't learned how to scan the universe of potential trades to narrow my field of possible trades. I see the formations frequently...in hindsight, after they've formed and usually too late to trade.

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