Profitable Ideas Each Market Day
LAST UPDATE:03/25/15 04:49 PM ET
Chip stocks got hit hard on Wednesday, with PHLX Semiconductor Index (SOX) falling more than 4.5% and trading through support at the March low and 50-day EMA.
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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 - Trade Management
Increase position size during winning streaks because your performance suggests reduced risk. Reduce position size during drawdowns and wait for the clouds to pass.
Don't guess in which direction price will break; instead note the level and join the buyers/bulls on an upside break above 2,060 or the bears on a br... More
The stock market indices had a very unusual day today, first the volatility in the morning, and then an extremely narrow movement sideways in tight bo... 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