We've asked our friend Jim Robinson of profittrading.com to provide his expert analysis of charts to our readers. Each week he'll be analyzing a different chart using the Trade Triangles and his experience.
Today he is going to take a look at the technical picture of March Crude Oil (NYMEX:CL.H14.E).
When trading futures the weekly Trade Triangle is used to tell the market's trend and the daily Trade Triangle to time the trades. Continue reading "Chart to Watch - Crude Oil"
Did your Grandmother ever tell you not to put all of your eggs in one basket?
Well it turns out Grandma was right! Grandma knew a great deal about the power of diversification and how it reduces risk in different aspects of your life, and we can relate that directly to trading and investing.
It just doesn’t make sense to trade only one market. There’s just too much risk and too little opportunity. A trader needs to stay flexible, and at the same time be diversified. Before we get into the meat and potatoes of market diversification.
Learn more about Diversification here.
By: Jim Woods of Street Authority
Gold is getting hammered, and the pain in the sector is putting gold bulls in a panic. The yellow metal is down more than 27% year to date, and in just the past month, gold prices have tumbled more than 7%.
The latest decline in gold came on Tuesday, when it traded lower by as much as 2.7%, breaking down below very weak support levels around $1,225. About the only hope for gold longs here is to pray for a bad jobs number Friday, as that may keep the Federal Reserve from tapering sooner rather than later. Continue reading "Forget Gold: Demand Favors This Precious Metal"
Here's a great trading quote you may not have heard:
"It is better to trade two complementary strategies that make less, than one strategy that makes more"
Yes, it is almost always true. Traders can make more profits (over the long term) by trading two conservative, complementary strategies that have lower, combined profit potential than trading one aggressive strategy that has a higher profit potential. Continue reading "Trade Gold? Two Compelling Reasons To Consider It"
Once the Apple of its day, Hewlett-Packard (NYSE:HPQ) made some unfortunate decisions that then tanked the stock. After reaching a high of $54.75 on April 16, 2010, the stock of Hewlett-Packard hit a low of $11.35 some 32 months later.
Since that time, the stock has made a recovery into the mid to high 20s, but still has further to go on the upside based on pure technical analysis. Continue reading "Remember Hewlett-Packard (NYSE:HPQ)?"
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