Swing Trading, Day Trading & Technical Analysis (now at EminiMind.com)

The Missing Piece to Your Trading Journal

April 8, 2011
Tim Racette
Trading Journal

Keeping honest, detailed, and meticulous records of your trades is the only way to grow, and the best way to do this is by keeping a detailed trading journal. Van Tharp talks about this in his book  Trade Your Way to Financial Freedom along with other ideas on trading for a living. If you’re not into keeping hand written journals and don’t quite get the whole excel coding thing another option are these Trading Spreadsheets. There are various options to…

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3 Trading Mistakes You Cannot Afford to Make

April 5, 2011
Tim Racette
Trading Mistakes

These 3 trading mistakes will most certainly lead to disaster. More can be read about these mistakes here. Impulse Trades – The impulse trade is usually a much liked trade. It makes you feel like you actually know what you are doing, like you have some sort of control over the markets. Sadly, they always end in disaster. Go back and look for yourself. Evaluate your trades by how well you followed your setups. Here is a post on how…

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Market Breadth

April 1, 2011
Tim Racette
Market Internals

This market internal indicator, the market breadth (aka the breadth ratio) is a figure composed of the ratio of volume flowing into up stocks compared to the amount of volume flowing into down stocks. A breadth ratio relative to 1 is generated. Example: A day with 10M shares of advancing volume and 5M shares of declining volume results in a breadth of 2:1 Positive, 2x as many shares are rising than falling. How to Use Market Breadth We look to…

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Buyers, Sellers vs. Bulls, Bears

March 31, 2011
Tim Racette
Analysis

You’ll notice the term buyers and sellers used in lieu of bulls and bears when talking about market moves. This is the correct way to relate to an up or down move in the market because we really have no idea whether it’s bulls or bears moving the market. Allow me to explain… John is bullish on the market, you could call him a bull, but he puts on a short position in the ES futures to hedge his long…

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The Hammer Candlestick

March 29, 2011
Tim Racette
Market Update

The hammer candlestick is a very common and reliable pattern for the reason that it has a defined failure levels. Those levels would be below the tail and about the high and these can signal a strong move to new highs or lows. In the recent rally we have seen in the S&P500 we broke above the down trendline. What usually happens from here is a retest of this trendline, old resistance now acts as new support. We are anticipating…

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The Doji Candlestick

March 28, 2011
Tim Racette
Technical Analysis

The doji is a candlestick formation that can be seen on any time frame, but the larger the time frame which forms the doji, the greater the significance. This candlestick pattern represents an even balance between buyers and sellers at the close of the doji candle. The Doji Itself There are really two important factors to look at with the doji candlestick formation, the first being the doji itself. Whether or not the candle closes just slightly positive, slightly negative,…

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