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Yet Another Trend Day in the Market – Trading Tactics

Surprisingly (at least to me), the market gave us yet another trend day, though – again – it was not your classic trend day.  Let’s continue to study each trend day occurrence for clues about how to trade them for maximum profit. DIA 5-minute chart: Typically, trend days follow range-bound, consolidation days – this was…

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Dow Completes Weekly Measured Move

The Dow Jones Industrial Index completed a large-scale “measured move” pattern last week, which culminated with a large momentum bounce (confirmed counter-trend rally) which led us to this week’s action, which found resistance and is retracing part of the counterswing move.  If all that sounds confusing, let’s look at the charts. Dow Jones Weekly Chart:…

Generate Your Own Equity Curve (Simulator)

TechnicalTrades.net offers traders an Equity Curve Generator algorithm/program for you to input parameters into the formula and randomly simulate outcomes that could be representative of your trading system. Generally, the success or failure of a trader is due to study of the overall system they have developed personally, and diligent application of that system in…