TECH TRADERS - Technical Analysis of STOCKS & COMMODITIES Newsletter
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  The Technical Analysis of STOCKS & COMMODITIES Newsletter
January 2018

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Trading On Momentum
Books For Traders
Daily Market Research
Explore Your Options
Futures For You
Futures Liquidity
Letters to S&C

Complete Article Archive
Opening Position
Trade News & Products

Traders’ Tips
Optimized Trading Systems
Traders’ Glossary
Complete Author Archive


Trading Systems

Weekly & Daily Percentage Price Oscillator 
by Vitali Apirine

Price Action And Volume Correlations 
by Ken Calhoun

Profit-Taking And Resets, Part 2: Short-Term Trading 
by Perry J. Kaufman

Capitalizing On Sector Rotation Strategies 
by Marisa Yang

What’s The Fib Pinball? 
by Avi Gilburt

A Simple Approach To Gap Trading 
by Solomon Chuama

Trading Systems With Michael Bryant 
by Jayanthi Gopalakrishnan

Your Intuition’s Role In Trading Decisions 
by Robert Reifert

Testing Exit Strategies
by Jeffrey Owen Katz, PhD, and Donna L. McCormick

Trading Wave 3
by Mircea Dologa, MD

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You can find a wealth of information on the Internet for nearly any subject imaginable, including investing, trading, and the financial markets. You can even find a good amount on technical analysis.

We contacted companies that offer services to traders over the Internet as well as financial website developers and asked them to fill out an online survey form to describe their Internet site. At our website in the Traders’ Resource area of, you’ll find a database of the data we collected.

The listed online services may offer charting, price quotes, and financial news and information; others offer a more specialized service that may be useful to investors and traders. Features may include stock screening, articles, discussion forums, online support, and more.

For more complete information, see the Traders’ Resource area at our website,

Go to Traders’ Resource Top 10: Online Trading Services

1. Worden Brothers, Inc.
2. Interactive Brokers
4. AbleSys Corporation
5., Inc.
6. Advantage Technical Analysis, Inc.
7. Technical Analysis, Inc.
8. eSignal, an Interactive Data company
9. eSignal Learning eSignal, an Interactive Data company
10. QCharts eSignal, an Interactive Data company

These are the 10 online trading services clicked on most often on the Traders’ Resource website. Each company is listed in order of clicks received. This is not an editorial rating or ranking. For more information on specific products and services, try checking for archived S&C product reviews.

Go to Traders’ Resource: Online Trading Services


PTSK special


Testing Exit Strategies
by Jeffrey Owen Katz, PhD, and Donna L. McCormick

Everyone’s looking for entry trading signals, but what about after you’re in the trade? Last time, Katz and McCormick looked at different techniques for making a graceful — and profitable — exit. This time, they’re testing various exit strategies, both separately and in combination, to determine how well they can improve a trading system.

Last time, we discussed the problem of exit strategies. We determined that a good exit strategy is important because failing to exit at the proper time can cost a trader dearly, and we also concluded that a good exit strategy must, above all, strictly control losses while not sacrificing too many potentially profitable trades in the process; at best, it must allow profitable trades to fully mature. If risks can be controlled by quickly exiting from losing trades without killing or cutting short too many winning trades, a losing system might even be turned into a profitable one. Most important, during the inevitable bad periods, a good exit strategy that incorporates solid money management and capital preservation techniques can increase the probability that you will still be around for the next potentially profitable trade ...


Trading Wave 3
by Mircea Dologa, MD

Trading wave 3 could prove to be the most profitable of all waves in Elliott wave analysis. Here’s an example.

In my previous two articles, I discussed various techniques you could apply to trading while a wave 3 was in process. In this, the third and final part of the series, I will walk you through a trade so you can see how to utilize everything I discussed in the first two parts.


  1. Be alert to the possibility of an extended W3 trade
    • Be alert to the possibility of an extended W3 trade
    • Identify the profitable low entry.
    • Price should be near the close of the previous day.
    • Price should gap down, opening below the close, then return above the close and fill the gap from the low of the day/morning, or vice versa. This is known as the oops phenomenon.
    • Price gaps down, consolidates for several bars, then fills the gap from the low of the morning/day. Again, you have the oops phenomenon.
    • Follow the price movement from downtrend to uptrend.
    • Once a low is formed, wait for an upswing in wave 1/A and its retracement of wave 2/B (38.2 – 50%). After the retracement, you can set up for the wave 3/C ride.
    • Be aware that a low may not necessarily be the starting point for wave 1, but rather the end of wave B of an ABC correction. Wave C will follow, taking the form of a terminal-ascending triangle. A similar situation might take place when an impulse pattern has a wave 5 failure. This will be a classic doublebottom formation.
    • Be aware of the formation of w1 of a future W3. It can coincide with the entry (as is the case in the example). The length of the move will give the tone:
      • Five bars for a swing
      • 13 bars for an average trend, and
      • 21–34 bars for an extended wave ...


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