Traders Toolbox: Elliott Wave Theory Revisited...

Trader's Toolbox

At MarketClub our mission is to help you become a better trader. Our passion is creating superior trading tools to help you achieve your goals -- no matter which way the markets move -- with objective and unbiased recommendations not available from brokers.

The Trader's Toolbox posts are just another free resource from MarketClub.

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Elliott Wave Theory

"MarketClub is known for our “Trade Triangle” technology. However, if you have used other technical analysis indicators previously, you can use a combination of the studies and other techniques in conjunction with the “Trade Triangles” to further confirm trends.

Elliott Wave Theory categorizes price movement in terms of predictable waves. Beginning in the late 1920s, R.N. Elliott developed his own concept of price waves and their predictive qualities. In Elliott theory, waves moving with the trend are called impulse waves, while waves moving against it are called corrective waves... "

Revisit the Trader's Toolbox Post: "Elliott Wave Theory" here.

Traders Toolbox: Directional Movement Index Revisited...

Trader's Toolbox

At MarketClub our mission is to help you become a better trader. Our passion is creating superior trading tools to help you achieve your goals -- no matter which way the markets move -- with objective and unbiased recommendations not available from brokers.

The Trader's Toolbox posts are just another free resource from MarketClub.

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Directional Movement Index

"The Directional Movement Index, commonly called the DMI, is a powerful trend-following indicator. Many false signals generated by indicators such as the stochastics are filtered out by the DMI. Subsequently, this trading and analytical tool gives few signals, but, when generated, they tend to be very reliable.Many, who at first glance are strangers to the DMI, find they are familiar with the prime component of the index: The ADX or average directional movement index. This discussion will center on the main use of the ADX, the turning point concept.

The DMI consists of three components: The + DI, which represents upward directional movement; the - DI, indicating downward movement; and the ADX, which signifies the average directional movement within a market..."

Revisit the Trader's Toolbox Post: "Directional Movement Index" here.

Tiger Woods' Secret is really the key to your success

Watching Tiger Woods play golf can be breathtaking and inspiring. Even though I am not much of a golfer for myself, I have been dazzled -- along with the rest of the world -- by his amazing sequence of victories and his professional approach to the game.

So powerful are Tiger's performances that they inspired me to think beyond golf to what I do best – trading -- and to the discovery of a strong connection between Tiger's golf game and trading the markets. My discovery? Course management of golf, one of Tiger's great hidden attributes, is no different from trade management in the markets -- one of the keys to successful trading.

Continue reading "Tiger Woods' Secret is really the key to your success"

Traders Toolbox: Reactions Within A Downtrend Revisited...

Trader's Toolbox

At MarketClub our mission is to help you become a better trader. Our passion is creating superior trading tools to help you achieve your goals -- no matter which way the markets move -- with objective and unbiased recommendations not available from brokers.

The Trader's Toolbox posts are just another free resource from MarketClub.

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Image Reactions Within A Downtrend

"Many traders, especially those who have not traded very long, find trending declines very difficult to trade. Many trading and analytical tools which perform well in uptrends, or even in sideways patterns, often perform differently in downtrends. This is not to say such tools will not work well in a downtrend, but, realistically, many perform differently..."

Revisit the Trader's Toolbox Post: "Reactions Within A Downtrend" here.

Mastering MarketClub Webinar : Long-Term Trading Strategy

Thanks to all of our Trader’s Blog readers, last Friday’s “Introduction to MarketClub” Webinar turned out better than we ever expected! Despite some volume issues and a few other growing pains, we think it was a great success for our first time around.

We want to thank everyone who participated and also for the great feedback that we received during and after the presentation. Jeremy and I are looking forward to implementing a lot of your suggestions (such as incorporating a “live chat” element) and making future webinars as interesting and informative as possible.

This week’s webinar is titled, “Scanning & Using the ‘Trade Triangle’ Strategy for Long-Term Trades.” We would love to have you join us. Click here to register.

If you’re interested in receiving emails about future webinars, click here to join our “How To Use MarketClub Webinars” weekly email list.

Best,

Susan Jackson
Webinar Administrator
INO.com & MarketClub