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Pretty nice trend morning today. Once they snookered everyone in by (BARELY) taking out the two days highs it set off some nice shorts. [09:00] {Brandon} 09:00:45 cst DAY TRADE: (Based on daily and intraday setups. Holding period = several minutes to several hours. Closed by end of day)...

Volatility is one of the most powerful market concepts, the major thing to remember is that it will revert to its mean, so periods of high volatility will be followed by low, low by high etc. There are several things you can look at to indicate the where the volatility situation is at such as...

Looks like today has a strong chance to end up as an NR7 which would put us on breakout alert for tomorrow because of the volatility coil. As slow as things are today, they could be hoppin tomorrow if this coils up some more. Brandon

The problem with magic potions is that the postion is usually made from horse shit. New traders always fall for going the easy way, be it a black box in the computer or a black box human guru. The only way you will ever be successful as a trader or investor is to develop your own system, one...

I think that discipline is the single most important aspect of your trading plan. Everything else is secondary to it because if you are not disciplined you will not have a plan, because you will over ride it on a whim. My 2 cents anyway. I have not spent a lot of time on the site, but the...

[10:04] {Brandon} 10:04:01 cst POSITION TRADE: (Based on weekly and monthly setups. Holding period = 2 weeks - three months) SHORT SETUP XOM can be taken short under 36.40, stops above $37.30. Target $35 for partials, $33 for remaining. [10:16] <Brandon> This is the weekly chart of...

http://www.tradingfrommainstreet.com/chartpatterns/all.asp#phoenix This URL has a good description of many chart patterns, the link here will take you to the pheonix. B

<i>The only potential problem is if he either starts making money or tries to build business by losing worse and ends up making money by doing that. </i> Some one told me that at one time there was a psychological study done by some guys and they found a group of losing traders, the kind who...

Trends are like volatility, they go from periods of trendlessness to trendyness and back. My favorite way to measure a trend is with the ADX, and a very low ADX can tell you just as much as a very high one. When short term intraday (15, 5minute) ADX value's get low, this is a time to be cautious...

The following is a transcript from our chatroom. [13:55] [primelaw] B, do you think it worthwhile to specialize in one stock while learning the ropes? [13:56] [Brandon] well I dont like the idea much of one stock [13:56] <Brandon> but its valid if you do the QQQ, NQ, SPY or ES [13:56]...

I don't use that many technical indicators in my trading because I find that price, volume and moving averages generally tell me what I need to know. One indicator that I do find to be fairly valuable though, is the Keltner Channels. This is a relatively unknown indicator, but one that I have...

Volatility Contraction and Expansion by Brandon Fredrickson The class tonight, while I think it is really one of the most important I've given as far as technique or methods go, isn't very long. The principles of contraction and expansion is a market phenomenon were prices go from a period...

All freely traded markets are trending at all times. There are four major trend timelines in effect at all times. The first is the the long term time frame. It lasts from months to years and is the domain of the investor. The second is the intermediate term time frame, this exists in a period of...

Proper Money Management and Risk Control means never putting yourself in a position that one bad trade, or even a series of 10, will put you out of business. Remember, your primary business objective must be to stay in business. What is Money Management and Risk Control? Money Management and...

A divergence can be a very powerful reversal pattern (again especially when combined with something, for example a 15 minute bear flag, and a TICK/SP or SP/Nasdaq Divergence). Here is an example taken from our chatroom of a play taken on a TICK/Nasdaq divergence. [09:13] <Brandon> we had the...

Flags and Pennants are continuation patterns. They are about the most reliable of the common continuation patterns and form the basis for many of the trades I take. For example, a bull flag on a 30 minute chart taken in combo. with a 2B bottom on a 1 minute chart would represent a very good...

I would like this thread to be used to discuss the practical application of technical analysis using classical principles and common sense. So much of trading gets bogged down in complex things that work, but like most things in life, there is a simple solution. For myself, I look for...

It will really depend on how it goes from the start. The market is always taking things into account and pricing them in, so with everyone blowing their horns about war its pricing it in now, and when/if it does occur, then we will likely get some of that pricing in taken out. Brandon

I always think the best news is bad news when the market goes up. Brandon

<i>now let's see, if I were pushing cd-roms for 400 a pop, I could have a great year also!</i> Only if you could sell said CD. B