Elliott Wave International is having a free event that runs from October 2nd through the 9th. To attend this event you will need to register (free). "When you register for this event you will have immediate access to 4 free trading resources from EWI analyst Jeffrey Kennedy. Then you will receive new lessons each day during Trader Education Week - each designed to help you learn to spot high-confidence trade setups in the charts you follow each day." On the website it says that you will learn: How to discover trading opportunities using the Elliott Wave Principle Unique ways to time the marke ..read more

Looking for an edge? Want to capture profits on short-term swing-trading? Consider using the CCI(5) which is a leading indicator. I've been using this ..read more

Imagine that you are about to go down a river. In a raft. With violent whitewater rapids. You cannot predict what adjustments you will make to stay afloat. You only know that you have the skills to adapt to whatever actually happens. The same is true with discretionary trading. There are two parts: Your initial bias - which direction you think the stock will move. Adapting to the reality of which direction the stock actually moves. The first is easy. The second is where traders lose money. 1. Your initial bias Let's say you find a stock that has a bullish engulfing candle, at a support level ..read more

Just a reminder... We are starting to enter that time of the year when the stock market is prone to a correction: The areas that I have circled all happened during the months of April to May. Now might be a good time to brush up on your short selling skills. How to Short Stocks How to Short Stocks With Precision 5 Example Stock Trades for Swing Traders Be careful out there ..read more

You've probably heard the saying that "volume precedes price". But what does that mean? It means that (sometimes) volume will increase significantly before a big move. Here is an example: See how volume increased dramatically (bottom arrow) compared to previous days? Now look at the candle for that day (top arrow). Price didn't move much on that day. So you have a high volume day with very little price movement. Look at the 15 minute time frame for that day. You will see huge volume spikes near the end of the trading day. The breakout followed a couple days later. Volume preceded price ..read more

Of course both are important. But, as a swing trader, which should you put the majority of your efforts into? Which should you try to perfect first? Definitely your entry. Your money is most at risk when you first enter a stock. This is where you can get stopped out for a loss. Get the entry right and you will either have a win or a small loss. Get it wrong and you can lose a lot of money. What about the exit strategy? You can do a lot of things wrong with your exit strategy - and still make money. You can sell too soon or too late. The good news is that once a stock goes in your favor you can ..read more

How do you tell when the market will offer nice pullbacks or when it will trade off of momentum? The easiest way to check this is to look at the ADX indicator. Readings below 25 indicate that the market will offer nice pullbacks to initiate swing trades. Readings above 25 indicate a strong trend - pullbacks will be shallow or nonexistent. As long as the ADX indicator is above 25 and sloping up, the market will continue to trade off of momentum. Momentum is lost when it begins to slope down. It's not a perfect technical indicator (none are) but it does a good job of telling you the current str ..read more

Not sure if you already know about this but EWI has their 2013 State of the Global Markets Report available. It's a worthy read - and it's free. Download it here I'm not sure how long it will be available so grab it while you can ..read more

I posted a new example trade article. This is the fifth example trade in the series. Was this a good swing trade or a bad one? How would you have traded this stock? Go to example trade 5: Virgin Media (VMED) � See all example swing trades in this series ..read more

Your exit strategy consists of two parts: Where will you get out if your wrong and where will you take profits if you are right ..read more