Since I’ve been following Dr. Elder’s work closely, I got one of his books from the library, Entries & Exits – Visits to sixteen trading rooms. There are many interesting traders interviewed in this book including Gerald Appel, the inventor of one of the most popular indicators MACD; Kerry Lovvorn, the co-founder of SpikeTrade. It […]
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Meeting Dr. Elder and SpikeTrade members
Yesterday I had the honor to meet Dr. Alexander Elder in person. I’ve been following him on SpikeTrade and studied lots of his materials. He was in Estonia to teach a class and we got together with other local members for some chat and a dinner. We decided to start local monthly meetups with the […]
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Always use the same risk size
So far no trades had kept me awake at night until this one. It wasn’t about the trade setup, news or anything on the chart.. it was about risk size. Because NFLX had a similar drop just before FB on similar reasons (less user growth) but spiked back up quickly on the same day leaving […]
Similar to John Murphy’s book about technical analysis, Martin Pring also does a good job on teaching the most classical charting practices, patterns and indicators. Topics discussed in this book are: trend tools and techniques, market structure, different types of technical analysis, seasonality, cycles etc. Martin Pring is also a contributor to Stockcharts.com blog where […]
Probably a must read if you want to understand technical analysis, all the chart patterns, different indicators, charting etc. – this book is all about this.. and more. John Murphy is a highly experienced technician in financial markets, he has published several books about this. Somehow I got to this title and understood at once […]