New traders have an obsessive preoccupation with trading indicators. Everyone wants know: What trading indicators do you use? Once I use them I will become profitable? There is a major misconception behind this question that should be addressed: It’s not the indicators you choose that determine the profitability of the trader. It’s HOW they are …
Market range bound for six days. 8 EMA short term support followed big old 300. Hopefully this range breaks soon one way or another. Meanwhile buy intraday flushes and sell top of the range for quick trades. Most chart has the same look as index so they will move based on general market direction. Follow …
$QQQ reversed back into the range we’ve been stuck in for the past few days on Friday. Ideally this week we get a range break in either direction to get some clean trends going, tricky action last week. Check out tomorrow’s watch list and game plan: Follow us on Twitter for daily market commentary …
$QQQ with the expected rest day after 3 big green days. Today we got the easy fade day, tomorrow will be trickier, more reactive trades. Check out tomorrow’s watch list and game plan: Follow us on Twitter for daily market commentary and trading tips @bullsonwallst Earnings Reports This Week Click here for our TC2000 …
Every new trader is chasing the holy grail indicator. Nowadays, platforms have hundreds of indicators you can slap on your charts, not including the ones you can create yourself. One magic indicator won’t all of a sudden make you a profitable trader. But they can be used to help improve your probabilities of putting on …
NVDA bad earning news was received positively on oversold market. Relief rally across the board. As I wrote in last blog, long weekend relief bounce wouldn’t be surprising.QQQ 300 support now resistance. Would love to see few days of follow through for a change. PS: I will be taking some time off. There will be …