Price Action Analysis and Day Trading

Todd Mitchell of Trading Concepts is truly dedicated to trading and educating fellow traders. This is immediately apparent if you have ever spoken with him or read one of his articles.

Todd has been trading full-time since he graduated from college in 1990 and since 1994 has been sharing his powerful and successful trading strategies with traders of all levels. Today Todd is going to cover price action and its importance in trading systems and how it relates to day trading. We would love for you to leave a comment here for him here, but you can also visit Todd at TradingConceptsInc.com.

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Modern day trading systems use multidisciplinary approaches to determine appropriate trading setups and to gain an overall understanding of the mood of a given days trading session. At the heart of many trading systems is price action analysis, which is interpreted in a variety of styles and approaches that best suit the particular traders methodology. Price action analysis has always been an important facet in understanding intraday trading and short-term trading trends. In some trading systems it is the primary component in determining trade selection, and in others it plays a secondary or filtering role in determining trade selection. To be sure, there are well-known trading systems that utilize only price action analysis and eschew oscillators, indicators and all the other modern day mathematically based trading tools. Continue reading "Price Action Analysis and Day Trading"

Why is gold going down?

This market has surprised many people as they were expecting gold to continue up to the $2000 level without any problems. Normally when you have such the unanimous viewpoint, the markets tend to go the other way. The reason for this is that everyone who is bullish is normally long the market. The current breakdown in the yellow metal has not changed the overall longer-term bullish trend for this market.

The question is, how far will the gold move to the downside, and where is support? In this new video we point out some very positive signs as well as some troubling aspects that we see in this market.

This is a video I think you will get a lot out of and as always you are free to watch it without registration. I hope that you have the time to comment on our blog about this video and share your thoughts on the gold market.

All the best,
Adam Hewison
President of INO.com
Co-founder of MarketClub

Is it time to go short the S&P 500?

The current rally in the S&P 500 is bringing this market back to key levels of previous support. Normally when you see rallies back to a previous support level, that support level then acts as resistance.

In our earlier videos, we discussed the death cross as well as some of the other key indicators that continue to remain negative on this market. Today, however, I pinpoint exactly where we think this market is going to run into trouble and where you should perhaps look to go short.

You are free to watch this video with no obligation and no need to register, but I would really like to get your feedback on this video as well as this market.

All the best,
Adam Hewison
President of INO.com
Co-founder of MarketClub

What's going on in crude oil?

We've had a number of requests to do a video on crude oil, so here it is. This market has been largely trapped in a broad trading range with support coming in around $70/barrel and resistance around $80-85/barrel. In this new video, I show you some of the other factors that could tip this market one way or the other.

As always our videos are free to watch and there is no need to register. I hope you enjoy the video and please leave your comments on our blog.

All the best,
Adam Hewison
President of INO.com
Co-founder of MarketClub

The "Death Cross": What it is and how to trade it

In today's short video, we look at two important aspects of the market - one is an intraday technique which I will show you how to use to determine where markets will turn, and the other is the infamous "death cross".

The death cross does not occur that often, in fact, in the last 2 1/2 years we've only seen this happen three times. The most recent occurred just last week and is something that every investor and trader should pay close attention to. I believe that this video will help you understand what the death cross is and how you can construct it and use it in your own trading. A lot of traders and investors watch this very closely so you should too.

As always our videos are free to watch and there's no need for registration.

If you like the video please feel free to comment on our blog and give us your thoughts on the market.

All the best,
Adam Hewison
President of INO.com