Profitable Ideas Each Market Day
LAST UPDATE:05/20/15 04:49 PM ET
DJ Transportation Average fell nearly 2% on Wednesday, closing at the critical 8500 support level.
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|Price moving against a strong trend rebounds sharply|
How Should You Trade The 7-Bells?
|High volume events print the future direction of price|
|Constricted price gives way to directional movement|
|Gap downs after strong rallies signal a trend change|
|Candles flag reversals in the next smaller time frame|
|Weak markets drop fast after rallying into resistance|
|Breakouts through a triple top signal major uptrends|
Morning Trader Archive Search
7-Bells are not stock picks! All site participants, please read: Important Advice on Trading Risk and Site Disclaimer
ON THE EDGE
Veteran trader Larry Pesavento points out a powerful tape reading tool called the "opening price principle". Through years of observation, he discov... More
TIPS & TECHNIQUES - Pattern Play
Perfect patterns rarely appear in the modern market environment. Learn to execute comfortably in a debris-filled landscape. Alternatively, don't chase every moving average crossover as a major signal or see meaningless candlesticks as textbook trades.
The market was at risk for a "Melt Up" or "Collapse Higher" today and heated up toward a Melt Up Breakout.... More
The stock market indices started off the week on a down note as futures were lower, but they quickly held support, and rallied in a 5-wave advance all... More
Hard Right Edge carries columns from 3rd party authors for the convenience of our readers. All site participants, please read: Important Advice on Trading Risk and Site Disclaimer