TJMacTrading

Price Patterns

January 16, 2009

The Japanese Candlestick charting technique is one of the most useful tools for spotting these price patterns and trends. Here is a technical swing trading strategy which analyses key support and resistant levels for entry and exit of our trades. Support and Resistance Price patterns are created using support and resistance levels and help give us a clearer understanding of what’s going on in the stock. Support and resistance are like the floor and ceiling of a room. Support being…

Advance Decline Line

January 12, 2009

Tim Racette

Market Internals

The advance decline line (aka AD line) is a number composed of the net sum of advancing stocks minus the number of declining stocks. This number is calculated separately for the NYSE and the NASDAQ. This is one of four market internals indicators, the other 3 are Market Breadth, the NYSE tick, and the Trin. Example: A day with 500 advancing stock and 2000 declining stocks would yield an a/d line of -1500. How to Use the Advance Decline Line…

Welcome Traders!

December 5, 2008

Tim Racette

Trading Rules

To newer traders I can offer 3 things… Get a journal and record everything. Develop money management skills for both trading and the rest of your life. Never stop learning, read anything and everything. Great books: Jesse Livermore’s Reminiscences of a Stock Operator Jack D. Schwager’s Market Wizards and New Market Wizards Japanese Candlestick Charting Techniques by Steve Nison Trading For a Living by Alexander Elder You have no control over the markets, you can only control yourself. The market…