Trader’s Whiteboard: Theory into Practice

Mar 20, 2008: 10:59 AM CST

INO.com released a recent video in their Trader’s Whiteboard Education Series that puts simple trading ‘theory’ into practice.

The video is entitled “Keep it Simple and Straight” and discusses specific examples of how to apply trendlines and turn trendline analysis into actual trades with high reward to low risk (stops are placed just beneath the trendline).

President Adam Hewison analyzes Google (GOOG) and how trendline analysis could have alerted you to some potential dangers prior to the recent sharp decline.

Recall that you must have three valid touches or “tests” to confirm a trendline, but at that point, Adam teaches how to apply simple trading tactics to the price structure.

To delve a little deeper, Adam also discusses how to use Fibonacci retracements with your trendline analysis.

If you’re unfamiliar with the Market Club Service , check it out and see how it may be a benefit to you as a developing trader.

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One Response to “Trader’s Whiteboard: Theory into Practice”

  1. Trader’s Whiteboard: Theory into Practice | Great Trade Says:

    […] karina wrote an interesting post today onHere’s a quick excerptThe video is entitled “Keep it Simple and Straight” and discusses specific examples of how to apply trendlines and turn trendline analysis into actual trades with high reward to low risk (stops are placed just beneath the trendline). … […]