ARTICLE SYNOPSIS ...Stocks & Commodities V. 24:10 (97-98): At The Close by Dennis D. Peterson Chart Analysis Trying to anticipate market support and resistance requires practice and knowing a few rules. Let's take a look at the QQQQs. First, it's obvious from Figure 1 that at this point, the QQQQs are in a downtrend or at the very least a downswing, especially if you apply zigzag. Zigzag (red line going through price chart) helps you see only the "significant" movement while eliminating the noise. In this case, noise was defined to be any price movement less than 2%, while 2% was deemed significant. I used the...
BY: Dennis D. PetersonSUBJECT: At the Close
BY: Norman J. BrownSUBJECT: Working Money
ARTICLE SYNOPSIS ...Stocks & Commodities V. 24:10 (92): Books For Traders by Technical Analysis, Inc. Beat The Odds In Forex Trading: How To Identify And Profit From High-Percentage Market Patterns (216 pages, $60 hardcover, 2006, ISBN 0-471-93331-7) by Igor Toshchakov (L.A. Igorok), published by John Wiley & Sons. Longtime forex traders know the best they can hope for is a proven system and a reliable combination of recurring patterns. This book details a straightforward system that allows you to enter and exit the market according to clear-cut mechanical rules instead of guesswork. This insight-filled book de...
BY: Technical Analysis, Inc.
ARTICLE SYNOPSIS ...Stocks & Commodities V. 24:10 (52-56): Confirming High-Probability Turning Points by Todd Krueger Here's how to use volume spread analysis to track market activity of the professionals. As traders, we have different methods with which to analyze the market and on which to base our trading decisions; the two most commonly used are fundamental analysis and technical analysis. Each approach offers varying insights into market activity. Fundamental analysis is often used to help determine the balance of supply and demand, in which reports of crop yields or crude oil inventories, for example, are...
BY: Todd KruegerSUBJECT: New Techniques
ARTICLE SYNOPSIS ...Stocks & Commodities V. 24:10 (16-23): Forex Focus by Ian Copsey Access to foreign exchange trading has opened up exciting trading options for the retail trader. You can now trade alongside corporations and institutions in a highly liquid market that is global, traded around the clock, and highly leveraged. Before jumping into this market, however, we must understand the factors that affect the forex market. With that in mind, STOCKS & COMMODITIES has introduced Forex Focus to better prepare the retail trader to participate in the currency market. Relative Spread Strength As A Long-Term Cycl...
BY: Ian CopseySUBJECT: Forex Focus
ARTICLE SYNOPSIS ...Stocks & Commodities V. 24:10 (58-65): Interview: Jerry Toepke Of The Moore Research Center by Jayanthi Gopalakrishnan Watching the rhythm of the markets, and being able to anticipate market movement, can give the involved trader a boost. Jerry Toepke, who is editor at Moore Research Center, Inc. (MRCI), has gained an appreciation for the power of the seasonal study as well as how it integrates with technical and fundamental analysis since he joined MRCI in 1988. His interest in the futures market started in 1977, and since then, he has been a private trader and retail broker. STOCKS & COMMOD...
BY: Jayanthi GopalakrishnanSUBJECT: Interview
ARTICLE SYNOPSIS ...Stocks & Commodities V. 24:10 (10-13): Letters To S&C by Technical Analysis, Inc. The editors of S&C invite readers to submit their opinions and information on subjects relating to technical analysis and this magazine. This column is our means of communication with our readers. Is there something you would like to know more (or less) about? Tell us about it. Without a source of new ideas and subjects coming from our readers, this magazine would not exist. PAPER TRADING Editor, I just subscribed to your magazine and I was wondering if you have any articles or back issues on paper-trading op...
BY: Technical Analysis, Inc.SUBJECT: Letters To S&C
BY: Jayanthi GopalakrishnanSUBJECT: Opening Position
ARTICLE SYNOPSIS ...Stocks & Commodities V. 24:10 (14-15): Q&A by Don Bright SINCE YOU ASKED Confused about some aspect of trading? Professional trader Don Bright of Bright Trading (www.stocktrading.com), an equity trading corporation, answers a few of your questions. To submit a question, post your question to our website at http://Message-Boards.Traders.com. Answers will be posted there, and selected questions will appear in a future issue of S&C. MARKET ON CLOSE ORDERS I do not quite understand the imbalance of NYSE and NASDAQ that you mention. Can you articulate?--Kwancy Sure. First off, the specialists a...
BY: Don BrightSUBJECT: Q&A
ARTICLE SYNOPSIS ...Stocks & Commodities V. 24:10 (44-50): Synthetic Swing Trading by Carley Garner Trading successfully means being aware of support & resistance levels. Here are some examples to help you understand the world of option trading. Because markets tend to trade in a defined range, outright long option positions are priced to lose. In fact, typically, most options that are more than two strike prices out-of-themoney, in the direction opposite of the overall trend, and with fewer than 45 days until expiration, expire worthless. As a result, constant awareness of support and resistance levels is cruc...
BY: Carley GarnerSUBJECT: Trading Options
ARTICLE SYNOPSIS ...Stocks & Commodities V. 24:10 (68-70): The Tools Of The Trade by Martha Stokes Here's an overview of the array of tools you need in order to trade successfully. Every professional knows that the right tools are essential to success. A carpenter wouldn't use a sledgehammer to nail an interior window frame, nor would he (or she) use a framing waffle-head hammer. He knows that the ideal hammer for fine finish work is a finishing hammer that has a smooth head and is lightweight. By using the right hammer for the job, the carpenter gets the results he wants. YOUR TOOLKIT FOR TRADING The same ap...
BY: Martha Stokes, CMTSUBJECT: Leibfarth PM
BY: Technical Analysis, Inc.SUBJECT: Traders' Resource
ARTICLE SYNOPSIS ...Stocks & Commodities V. 24:10 (77-86): Traders' Tips by Technical Analysis, Inc. Here is this month's selection of Traders' Tips, contributed by various developers of technical analysis software, all to help readers more easily implement some of the strategies presented in this issue. Editor's note: This month's Traders' Tips are based on Ian Copsey's article in this issue, "Relative Strength Spread As A Long-Term Cyclic Tool." Code written in EasyLanguage for TradeStation is provided by the author in the article's sidebars. Additional code is presented here for TradeStation, MetaStock, eSig...
BY: Technical Analysis, Inc.SUBJECT: Traders' Tips
ARTICLE SYNOPSIS ...Stocks & Commodities V. 24:10 (34-36): Trading In Restrictive Intraday Price Ranges by Anthony Trongone, Ph.D., CFP, CTA When the commodity markets are moving in a narrow price range, are there any trading opportunities? Discover how you can find them and take immediate action in the e-mini NASDAQ 100. The commodities markets are notorious for their price fluctuations. Still, there are occasions when they appear directionless. But after experiencing two hours of relatively narrow price movements, does it offer us a (profitable) trading opportunity? Let's take a look, confining our analysis t...
BY: Anthony Trongone, Ph.D., CFP, CTASUBJECT: Trading Techniques
ARTICLE SYNOPSIS ...Stocks & Commodities V. 24:10 (24-32): Watch The Commercials by Sam Bhugaloo The Commitments Of Traders report has long been used among futures traders. Here's why you should follow the commercials and how you can incorporate the information into your trading plan. An important feature of the futures markets is the relationship between hedgers and speculators. Commercial traders are hedgers in the futures markets, while speculators are noncommercial traders. The Commodity Futures Trading Commission (CFTC), the government regulatory authority for the industry, registers all futures contracts....
BY: Sam BhugalooSUBJECT: Basic Techniques
ARTICLE SYNOPSIS ...Stocks & Commodities V. 24:10 (66-67): Websites For Traders: Thomson I-Watch by David Penn Could someone explain to me why a website as helpful as Thomson IWatch can't have a more straightforward URL? Such is the world of mergers and acquisitions, e-commerce style, I suppose. Thomson Financial + Lycos + (apparently) Quote.com = one tricky uniform resource locator. I threw in Quote.com because of the 12 links at the top of the page that features I-Watch, which is an interactive, graphic display of institutional buying and selling, nine take you to resources at the Quote.com website. Of the oth...
BY: David Penn