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Brett Steenbarger's observations of traders in Chicago's trading rooms is interesting (from his new book, "Enhancing Trader Performance"): During the dull markets moments, such as lunchtime, the Average to Below Average Traders leave their desks and socialize. The Top Performing Traders stay...

MO, On the Es, I will typically make 2 trades per day. I forgot who said it in some trading book, but one of the best quotes that I can remember is that one of the best trades that a trader can make throughout the day is sitting on your hands and doing nothing. What this implies is that one...

On the 2 Minute Chart, the market initailly fell 4.5 Points giving a short signal using this method. This initial move is called the Initial Swing Wave. After the Swing Wave, their typically is a short term reaction. In this case, the reaction phase produced a high of 1375.75. The next phase is...

On the 600 Tick chart, I like to look at the Previous Day's High and Low, the Average Daily Range and the Average True Range of the market. On the attached chart, you can see that the Previous Day's High provided strong resistance, which also happened to be the same resistance point on the 30...

This will take about 3 post to show. I don't trade off the longer term charts, but I definetly use them to understand the longer term picture. I use the shorter term charts to time the trades. I typically look at the daily chart, 30 Min chart, a 600 Tick chart and the 2 Min chart for trade...

Thought that I would try to give a Primer of the MACD for those not familiar with it. A 12,26,9 MACD is an analysis of the 12 Period Exponential Moving Average (EMA) and 26 Period EMA on the Price Chart. The Fast MACD Line (Light Blue on MACD Indicator) is the difference between the 12...

This may be the same article: http://tribes.tribe.net/ernstfuchs/thread/530b25e5-1644-4b99-b31d-f8125b8016c1 I like this paragraph, especially the last sentence: "Ericsson argues that what matters is not experience per se but "effortful study," which entails continually tackling...

If you like to trade news volatility, consider using Tick charts rather than the usual time charts. The Tick chart many times will smooth out the volatility. See the FOMC Announcement example attached. Charles

Miragers, I'm interested if your willing to share. Charles "I have been using a similar method to trader28 for a few years now but my method has a few more indicators but is still relatively simple. I use 2 other indicators other than the MACD and the MA's and use correlation between...

Like you, I have never been good at the predicting thing. I was TA as a tool to help visualize direction, and to help with timing. I will typically look for the 3-Wave type of move (Initial Swing Wave - Reaction Wave - Final Impluse Wave). The Initial Swing Wave will typically show the...

Analyze all your trades: 1. Keep a journal. 2. Study the charts. 3. Do you see any commonalities among your successful trades and your unsuccessful trades? 4. Do your stocks correlate well with the overall market (S&P 500 or NASDAQ Index)? 5. Was the overall market in a downtrend, uptrend...

There are many Stock Screeners out there. Two of the most popular are StockCharts.com and Trade-Ideas. You can Goggle Stock Screeners or look at this list: http://www.daytradingthemarkets.com/resources/stockscreeners.html Charles

Looked at the Kwik Pop web page, and their chart examples for Tradestation. They appear to use the following: 1. 24 hour chart 2. 150 Tick chart The attached chart is an attempt to simulate what I see on the Kwik Pop examples. 1. 24 hour chart 2. 150 Tick chart 3. 3 Period SMA...

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It's interesting that some of the European criticisms of Wal-Mart are that they use Chinese slave labor. I lived in China for 13 months during the 1999-2000 time period and had opportunities to travel throughout the country. I dare say that I saw more German manufacturing plants in China than...

MWR: Both fundamental and technical analysis are tools to help a trader or investor to determine the probable outcome of a trade or investment position. Like any tool, it takes study and experience/practice to learn how to use these tools properly. Put wood working tools in the hands of a...

Don't know anything about him, but you could view the upcoming Webinars at CBOT on July 19 and 26 and see if you like what you here. A Q&A session usually follows these presentations. http://www.cbot.com/cbot/pub/cont_detail/0,3206,1058+39810,00.html Charles

What's funny here is that this is what Mark Douglas is suggesting in his book(s). Focus on the market, study the market and trade what the market is telling you. Charles

I keep a copy of this on my desk, and read it out-loud before the market opens. It's my way of shifting gears, leaving other aspects of life behind, and mentally preparing myself for the trading day: The Disciplined Trader STAY FOCUSED ON WHAT YOU NEED TO LEARN Focus on Market Structure...

AND the book that all these other guys use as a reference to write their books is "Technical Analysis and Stock Market Profits" by Richard W. Schabacker. A good, free reference site is: http://www.stockcharts.com/education/ Charles