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9 AM is preparation time to load up the charts, make a brief analysis of what has already happened, and what is to be expected. In other words it's about getting a bias for the day. First trade is often placed shortly after the opening bell. Rarely do I enter a new position in the dead zone so I...

First of all I applaud your approach to trading because education comes first before trying it with real money. Now I know there will be replies asserting that you won't get the "feel" for trading without real money. There is truth that you are your own enemy in trading and in investing but if...

Precisely that. Very good post. Basically there are two pillars in trading. One is theory which can be learned rather quick. What is the market doing and where is the overall direction intraday or multiday? Pick a good entry to participate in that direction and manage the position. Then...

Out of the links you listed up I merely found this one particularly helpful: http://www.incrediblecharts.com/technical/support_resistance.php I know that as a beginner you are seeking an indicator that will give you the answer each time but that is why newbie traders fail miserably. A...

Solid Mom, have you ever considered adding a few basic support and resistance levels to your chart for orientation, and trade the markets objectively according to what you perceive? They can be identified simply by going through historical price activity. You bought the SPY on June 24 exactly...

If it's supposed to be an investment why not go with the ETF? Ticker symbol SPY.

Seriously try the 15 minute time frame for a while. I have the impression that you are getting nowhere with this charting setup. I see things that would even distract me and that is precisely what should be avoided. Again, you don't have to look at the market in such detail. Tick charts, volume...

Investors and traders alike need strong conviction and patience. An experienced trader expects something to happen and plans his trade upfront accordingly. If the market confirms this expectation he takes the trade! These trades are well-planned and because of that the trader does not need to...

If you seriously want to trade the news (e.g. positive/negative earnings) at least be patient enough to stay in your trades for a couple of days until the full potential of the move is exploited. You would not even need to care about news items if you were trading the wiggle-waggle intraday!

Very important advice from hypostomus! Draw these support and resistance lines in your chart before you even take a trade, Dobbes. The 15m, 1h, and daily charts will help you to identify them. To learn price action you need a little background information: The market is a battleground for...

I believe you can become quite proficient if you combine price with volume and are able to interpret the situation correctly. You should observe it for a while and see if the interpretations of this individual at YouTube make sense to you. If not, you may even neglect it. It can be a...

None. It just tells you the direction of the trend based on that time frame.

You make a good point. Even though I'm new to this forum I have not yet seen many threads where newbies were able to blossom with the help of experienced traders. It does not seem the case because such traders are being denied and their posts constantly misproven by others. I can fully...

Pholeuon, you are right. I have no knowledge about systems because I refuse to follow orders from a box that is designed to interpret market activity in a scientific manner. The way I trade is purely based on my analysis about the battle between bulls and bears and I trade in the direction with...

This way of trading has no future at all. It's like throwing darts at a wall of balloons but hoping that the dart will fly through the tiny loopholes. It is infinitely easier to understand the underlying forces and flow with them instead of taking a beating up and down. What was the reason...

I think I understand what your problem is by looking at the charts in your blog. You scalp the market up and down and take way too many opportunities. Taking so many opportunities will result in many errors because a trader is not proficient enough to maneuver every move up and down. Trading off...

Precisely what's happening. A trading range :)

React to what you see. I can't emphasize it enough. It was also easy before it even happened if you understand price action. The "trending positive" you meant had no meaning anymore after this forceful sell-off after the GE news. Even the slight positive trend after market open was just a...

Only one trade was necessary on Friday: a short position. And your analysis was quite correct initially but you started to doubt yourself. Possibly because the the smaller time frames told you that something is about to happen, right? If you find yourself trading every swing up or down...

jackstone54, you are a gambler. You should not drag people into gambling. Your past calls have all been wrong. Shorting Ford while it was rising and continue to short on the way up? Shorting First Solar while it was rising, and call a breakout above a previous high a sure buy? (It went...