Day Trading - Moving Averages vs Support and Resistance
When day trading the SP and Nasdaq futures, do you rely on
your moving averages more than your support & resistant
During the first hour of trading, the support and resistance
zones on the SP and Nasdaq futures are the most important things
to watch. The moving averages have not yet had a chance to come
After that, if a trend is developing I watch several key
exponential and simple moving averages on the 2 minute, the 5
minute and the 13 minute SP and Nasdaq futures charts.
These specific moving averages give reliable support and
resistance for the market as long as the slope of the moving
averages are fairly steep, indicating a trend. When there is no
trend, the moving averages are flat and pretty much
When a trending market makes a countertrend move, and hits a
key moving average on two or more different time frames at the
same time, the probability of a good trade setup increases
dramatically. If you get three hits at the same time, it's even
better. Sometimes you'll see one key moving average get hit on
the five minute SP chart at the same time another moving average
is hit on the 13 minute Nasdaq chart. This also gives a good
Eventually, a trending market will reach the next major
support or resistance zone. At that point the zones once again
become more important than the moving averages.
In afternoon trading, the market has often broken through a
support or resistance zone several times. In that case, the zone
is no longer useful, and new areas of support and resistance can
usually be found. When I find them, I send my subscribers an RBI
Intraday Update with the new support or resistance areas, and a
description of what I think the market will do if it moves above
or below them.
Mike Reed is author of TradeStalker's RBI Trader's Updates. He
has been trading the Market for 23 years. His support and
resistance numbers have been published on the internet since
1996. Mike's nightly support and resistance zones are specific
and incredibly accurate. He offers an unlimited free trial of his
nightly TradeStalker RBI Trader's Updates. http://www.TradeStalker.com
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Where is the Market
If you ask me whether the market will have moved up or down
by this time next year, well I may as well flip a coin,
because I don't know. If you ask me whether the market will
have moved up or down by this time next month, well again,
I may as well flip a coin, because I still don't know.
Forex2u Forex Strategy
On Successful Forex Trading
The essence of the FX2u Forex strategy is that it does not
have any Forex trading system but could forecast the market
trend accurately. Every set of Forex trading system
available has its disadvantages.
ISO 4217 in Forex
ISO 4217 is an international standard describing three
letter codes to define the names of currencies established
by the International Organization for Standardization
(ISO).The first two letters of the code are the two letters
of ISO 3166-1 alpha-2 country codes (which are similar to
those used for national top-level domains on the internet)
and the third is usually the initial of the currency
Forex Broker Involvement
To trade on the forex market, the largest financial market
on the planet, one must use a forex broker. Not unlike a
stock broker, a forex broker can also makes suggestions
about which moves to make when exchanging foreign currency.
What I Learnt Losing
£60,000 My First Year as a Full-time
During my first year as a local (independent trader) on the
floor of LIFFE, I bought and sold 8804 FTSE futures
contracts, about 40 contracts per day on average. The
result was a loss of £61,620 or -£267 per trading
Stocks Trading -
Advantages and Disadvantages
What is Stocks Trading? Companies throughout the world issue
new stock shares every day. They do so to raise capital in
order to invest in the business.
Adaptation to the
Realities of the Market
Do you think adaptation to the realities of the market is
the most important thing?Many times in the past I've
written about the need to adapt, the need to be able to
change your behavior relative to the market because the
markets are ever changing. I've stated that mechanical
systems may be workable, but for only a short time relative
to the life of markets.
How to Trade
We all know when you go on a trip to another country; you
need to take some travelers checks and some cash in the
currency of that country. This can be advantageous because
one country's currency is usually worth more or less than
Choosing A Forex
With currency trading becoming ever more popular, the
number of brokers is growing at a rapid rate. What should
one look at when deciding which broker to open an account
with? These are the important points to consider.
Forex Signal, Forex
There are lot's of Forex signals providers out there. New
Forex traders might be thinking of looking for a reliable
Forex signals provider.
Day Trading the Index
Futures - How to Judge Good Entries
QUESTION: If the SP futures fall through support and go
straight down for another two points, and I want to get
short, should I a.) enter immediately, b.
A Short Introduction To
FOREX is the world's largest and most liquid trading
market. Many consider FOREX as the best home business you
can ever venture in.
New Opportunities with
The simplest definition of currency trading is the practice
of exchanging one country's currency for another country's
currency. Basically, currency trading involves four main
variables: currencies, exchange rate, time, and interest
Throughout our course on futures trading, we have tried to
point out to you that there is a great difference between
having an investor attitude and being a trader. There are
also many similarities.
Hedging Foreign Exchange
The exchange rate of the Macedonian Denar against the major
hard currencies of the world has remained stable in the
last few years. Because of the IMF restrictions, the local
Narodna (Central) Bank does not print money and there are
no physical Denars in the economy and in the local banks.
Example of a Profitable
Transaction in FOREX
To make a profit, in the FOREX, a trader can enter the
market as a *buy position* (known as going "long") or a
*sell position*(known as going "short"). For discussion,
let's assume you've been studying the EURO.
If you are reading this article you are probably one of the
many people who have spent countless hours searching for
unique ways to make money on the internet. Very few people
have gone on to succeed and most have failed miserably time
and time again.
Forex Scams: How to Spot
Them A Mile Away
In recent years, investors have witnessed increased number
of investment opportunities and offerings. While the
complexity and success of these investment products vary,
technological innovation has made the Forex market one of
the fastest growth areas.
The Basics of
Foreign exchange market is also known as Forex or FX
market. To date, it is the world's biggest "economic
Money Management, Part
There are some common mistakes I've seen traders make in
the area of money management. First, let's understand what
money management is all about.
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