How to Determine Where the Real Support and Resistance are Everyday

If you follow our blog, then you are definitely familiar with trader Larry Levin, President of Trading Advantage LLC. We have gotten such a great response from some of his past posts that he has agreed to share one more of his favorite trading tips as a special treat to our viewers. Determining the direction of the market can be tricky and just plain confusing at times, but Larry’s expert opinion keeps it simple and straight-to-the-point. If you like this article, Larry’s also agreed to give you free access to one of his top trading secrets.

Today he's going to tell you where  the real support and resistance levels are everyday. Continue reading "How to Determine Where the Real Support and Resistance are Everyday"

Advanced Technicals - Moving Averages

If you follow our blog, then you are definitely familiar with trader Larry Levin, President of Trading Advantage LLC. We have gotten such a great response from some of his past posts that he has agreed to share one more of his favorite trading tips as a special treat to our viewers. Determining the direction of the market can be tricky and just plain confusing at times, but Larry’s expert opinion keeps it simple. If you like this article, Larry’s also agreed to give you free access to his favorite technique.

In Tip #14, I talked about some of the basics for technical analysis. Trends and simple chart patterns are just the tip of the iceberg for technical analysis tools. There are many advanced tools that technicians use to try to find signals in the market price. One of the terms you might hear quite often is moving average. Continue reading "Advanced Technicals - Moving Averages"

Using Real-time News to Profit in Today's Unreal Market Conditions

Its no secret that here at MarketClub we are technical traders. We look to the charts to reveal setups and trends that we expect to act a certain way. Technical trading is not for everyone though, that's why we have invited our friends from Benzinga to tell you a bit about trading the news. Enjoy and be sure to visit the Pro's at Benzinga for more insight on trading news.

Every day, investors from all over the world discuss the prospect of trading on technicals or fundamentals. It is much less common, however, that investors discuss the idea of trading the news. But by doing so, it can provide them with an opportunity for quick intraday gains, as market-moving headlines can make a stock soar or send it plummeting to its death.

Without question, the key to successful headline trading is to receive the news in real-time before the stock has made its move. The news regarding M&As, FDA approvals, increased guidance, or new contracts frequently (and immediately) send shares higher the moment the news is released. On the other hand, key personnel resignations, secondary offerings, and disappointing economic data generally provide profitable short opportunities. The moves can vary anywhere from a few percent points to more than 50% gains or 50% reductions.

Let’s take a closer look at some of the key investing opportunities that can be brought on by breaking news: Continue reading "Using Real-time News to Profit in Today's Unreal Market Conditions"

Simplifying Complicated Charts

On the Trader's Blog you've heard us talk plenty about how to simplify your trading. As a matter of fact, you've heard Adam preach about keeping it simple over the years. Today we've asked Bill Poulos from Profit's Run to share with us how he keeps his trading method simple by using a simple indicator that we could all benefit from. To find out more about Bill Poulos visit his website here.

One of the problems that many traders run into is trying to find the perfect combination of indicators that will lead them to the perfect trading method.  Not only is this a problem for new traders but we find that many experienced traders continue to over complicate their charts with too many indicators.  They often think that the more indicators they can get on the chart the more successful they will be.     This is usually not the case and only leads to more confusion on the part of our entries. The concept of keeping things simple works especially well when applying it to our trading strategies.  The key for many trading methods is to simply know the trend of the pair and then know when to buy or sell that pair.

Continue reading "Simplifying Complicated Charts"

RSI – Overbought, Oversold, or Overplayed?

The RSI can be an essential tool in a traders arsenal when used correctly. The problem is that there are a million trading styles and there is no one, single way to use an indicator. So what works best for you? In our quest to bring you tips and tricks from some of the best traders of all facets of trading we have invited Mark Hodge, Head Trading Coach at Rockwell Trading as a guest today. Mark is going to share how he uses the RSI, and if you have a similar trading style it could have a profound impact on your trading.
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RSI is an indicator that is often used to identify overbought and oversold conditions when trading. Unfortunately, most traders use this indicator too literally, and miss out on some of the biggest trends. In this article I will introduce how RSI is typically used, and share a different way to use this indicator that could have a significant impact on your trading.

The Relative Strength Index, or RSI, is a popular indicator developed by Welles Wilder, and was first introduced in the book New Concepts in Technical Trading Systems. RSI is a momentum indicator used to measure changes between higher and lower closing prices. Continue reading "RSI – Overbought, Oversold, or Overplayed?"