I’ve received a few questions from some of the new guys about how I setup my charts. I like to keep a simple setup that shows me clear charts so that I can focus on price action solely. There are over 500 indicators that one can use; many of them will be quite useful and some won’t. But indicators are just derivatives of price, and they often lag price action, giving you delayed signals. For the Bulls style of trading, we never use indicators to tell us when to buy or sell. We use indicators to CONFIRM what we see from the price action.
Education
$SOHU Trade Review – Setting Stops
Good evening, folks. This is a trade review on $SOHU. $SOHU was a huge runner Friday morning off its initial gap down, which was 5-6%. This is one of my favorite setups for catching knives. It’s the washout setup that I’ve used for years. After initial gap down to the $47 level at the open, $SOHU …
$PZG Trade Review – Trading PR Breakouts
Here is a video trade review of $PZG. This is one of the setups that we trade all the time – PR breakouts. In our education section, I have a host of videos that go over this setup, from how to find and interpret the press releases, to how to trade them. We bought $PZG …
$CIEN Trade Review – Trading Earnings Breakouts
Here is a video review for our trade in $CIEN. While the market was down over 100 points today, $CIEN was up over 20%. The setup on this is the earnings breakout. When a stock has earnings that beat expectations, a very powerful setup can emerge – you just need to nail the entry. If you’re …
$PLAB Trade Review – Trading Earnings Breakouts
Here is a video covering our trade in $PLAB. This was a successful earnings breakout trade; we loaded up at the $6.4 area and added more shares for a 2nd trade at $7.00. This stock ran all the way to $7.60 that day! When a stock has earnings that beat expectations, a very powerful setup can emerge. …
Chatroom Rules/ Trading rules
Morning folks. We have some new members in today that havent traded with us before so its going to be a fun 2 weeks as we meet some new friends and have some new trading idea flow also! A quick note on how our chatroom works. We tend to trade fast. As you guys see …