Recent content by PMVision

Murray t turtle: Great analysis which I agree with. Not to sound arrogant, but since I made that post on 9-2-13, SLV has dropped over 5%. Looking at a chart of SLV next to a chart to GLD, SLV is certainly showing more relative strength than GLD, but they are both sitll very bearish. With...

Another key reversal day might be coming sometime in the near future. Rather than being the reversal of the lows, this reversal will be the highs and the termination of this very strong market we've seen over the last 10 months. There are some great shorting opportunities setting up with some...

Absolutely, if a trader knows how to properly use Technical Analysis to find low risk, high probability and high reward trading setups, a lot of money can be made over time. The only problem is, most traders don't know how to properly read a price chart. For my trading, I use price charts and...

As professional traders, we have to be careful of the opinions of others. When a big name comes out to the financial networks and anounces that they're long or short a certain stock, typically retail traders flood to that stock and take a position in the direction that was recommended. What...

SLV has likely not put in a bottom in the long-term, but it has definitely put in a short-term bottom. The current move higher is likely nothing more than a bear market rally. When looking at GLD and SLV next to each other, SLV is experiencing more relative strength over GLD, but overall, I...

So, these buy and sell signals are strictly based on time? A trader is supposed to arbitrarily enter the market solely based on a window of time?

In the shorter time frames, SLV is definitely in an uptrend, although, looking at the higher time frames, SLV is still in a very pronounced downtrend. The current rally that is taking place is likely nothing more than a bear market rally, which is perfectly acceptable and welcomed, as it gives...

OVTI gave you a decent move higher before gapping significantly lower on 8-30-13. For exnyone still holding the position long, Friday's gap down is disastrous to a nice profitable trade. I wouldn't be looking for any long positions until around the $14.50 area at teh very earliest.

It's very common for new traders, or traders that don't have a trend following strategy to get caught up in chop and quickly lose a day's worth of profits in very short order. As a trader becomes more familiar with the market, one can determine when chop will likely begin and choose to exit the...

Now that AAPL has most likely put in a bottom, it would be advantageous for a trader to buy this stock, but buying at these current levels are very high risk. A trader of investor would be much better off to let AAPL pullback significantly before entering into a long-term investment into this...

TSLA is showing incredible strength over the past several months, but this is definitely NOT a stock that anyone should be buying for longer term purposes, other than a day trade. Look at this stock on a weekly chart and ask yourself, "is this sustainable?"... Absolutely not! Yes, the stock is...

Proper risk management is the key to successful market speculation and the longevity of any trader. It is absolutely critical that a trader knows exactly how much they are risking on every single trade they take and the risk should be the exact same for every trade. It's called proper position...