Thursday, August 13, 2009

Brian Dean's Clone Reversals

" Brian Dean's clone reversal " when u get 2 candles similar in price action side by side like this on BCON , often times it is a big warning of a reversal about to take place, so in most cases i will collect profit when I see this action, the psychology of it is like being on a treadmill burning up energy and going nowhere here are a couple chart examples of it enjoy and good luck with all your trading.

http://i36.photobucket.com/albums/e36/lookitsboost/ChartofBCON-clone.gif

http://i36.photobucket.com/albums/e36/lookitsboost/ChartofEK-clone.gif

Monday, August 10, 2009

Problems with ETF's

Nowadays trading the SPX using SSO and SDS is becoming nearly impossible on a daily time frame with so many people trading them , the gap ups and gap downs are brutal to short term swingers , even if u have a killer strategy for playing the index u will often find your self paying more then u should due to the ETF gaping up, and selling for less then u should from the ETF gaping down , the only real way around it , is to scalp them, by playing intra day moves, or to expand and capture moves on a weekly or such, so I will continue to scalp SSO and SDS, but for my short term swings I will stick to playing individual stocks ; )

Sunday, July 26, 2009

Possible Swing Setups

KKD breaking a recent downtrend and w formation breaking 2.85 resistance may get it started

Friday, June 26, 2009

Ted Warren Setups

A great old master trader Ted Warren developed some methods that still work very well to this day , SCON is a great example having a nice quiet base with low volume accumulation before a nice rise up in price.