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The multiple candle formation of the island doesn't seem to signal as strong a move as the abandoned baby type that would happen after a sharp panic move or after a significant move in a direction. (to answer your question , yes it looks like one) This is just my opinion- I'm not quoting...

have a look at prophet.net

I agree- a good place would be YM futures contracts(dow 30) . A person with a smaller account can start with $2200. There is no pattern rule if you trade frequently. Also you can get a YG contract for 650.00 (gold futures). I think that a lot of people suggest 25k because of the pattern...

I started out the same way , nobody that i new ever traded stocks or anything else although i did know of a couple of people that bought and held for what seemed like forever. Some people aren't able to hold, they have to trade short term. Starting under 10k you'll be limited to 3...

Rates are expected to rise , so that would likely be partly priced in, oil hasn't decreased as much as some say it should've,housing is slowing somewhat- the market still goes up. On the flip side there a lot of mergers and buyouts, I.P.O s - that sort of activity is causing at least some...

It looks as though there is anticipation of market conditions..favourable conditions, uncertainty or negativity. On a day when econ data (or whatever the market savants are using) is poised to be favourable in the near future , the point distance might be way ahead of the cash markets...

I remember prophet.net having a decent scanner that scans for patterns or selected criteria and gives you the returns in chart form ..up to 250 on one page.

There wasn't any econ data out today, just slightly higher oil- that's likely why indexes were flat. Tomorrow is retail - forecast is for a light or downward looking report, couple that with another up day in the oil markets and we have no reason to take it higher.

Yeah learning is good , I think that's why you posted though isn't it ? Well let me be of some assistance...You are probably starting with a smaller account. Consider trading index futures - mini gold and mini oil stuff like that -try to avoid penny stocks - learn about short sales- you have to...

the theme from the Titanic playing during a downday when you are short helps with the mood:)

I been through it- now i'm half nuts. use 'em all find the ones that work best for you. Try to have them compliment each other or confirm each other - you don't want contradiction amongst your indicators. Maybe a couple of breadth indicators with a couple of oscillators and...

I hope I'm not intruding, sometimes these threads look like private clubs..anyway , if oil pulls back breaking its technical support level (as i interpret it)- even though the econ. data may show weakness - maybe slow retail on tuesday, the markets may look beyond and rally , i think oil could...

Hello, you can daytrade futures, including e-mini contracts, oil, natural gas, gold, nasdaq, dow jones industrials, sp 500, silver. Ranging from 600 dollars to 3900 dollars:)

did it look anything like this ? They can be continuations or bottoms.

Please allow me....its an ascending triangle.:D

Hello everyone, I went at it alone from zero knowledge of the markets and only after I started to use a market recorder (a replay of the day's session) after hours, which was by then four years after i'd started did I then develop a degree of competence where i could say i could bring a...

trading without a chart...it wasn't that long ago that gold and the U.S dollar traded inversely to one another even on an intraday basis- maybe markets that trade inversely to one another is part of the guy's ticket. Another thing that comes to mind is market profile by mr...

NIKKEI index Futures after 7:00 pm I think

I read a builder by the name of Toll Bros. are reporting a decrease in contracts by 21 % . I don't think that's good , in regards to February especially if other builders are beginning to face similar challenges. I hope that everyone profits even though temporary moves may go contrary to...

Has anyone (i'm sure that most have) looked at the Conference Board's GDP forecast ? It aint predicting too large. I think it said 2.1 this quarter up a little from a revised 2.0 last quarter- if i am mistaken please correct me- this will be a stock picker's market.