Trading in This Volatile Market...New Webinar Features...New e-book
Taking profits from trending markets is relatively straightforward. As long as you get the long-term trend right and use a reasonable trade size (do not overtrade), you should be able to hold your positions through minor swings until the long-term trend reasserts itself and lets you exit with profits.
Not so in volatile, transitional markets, the sort we've been having this year.
You see a bunch of green dots near the right edge of this chart. They pop up automatically when the scanner detects a potential bullish divergence - a lower low in price with a higher low of MACD-Histogram. It doesn't wait for a divergence to be completed, but gives instead a very useful early warning.
Click here to continue reading.
A new e-book: Step by Step Trading
This brief book for beginning to intermediate traders will teach you the essentials of computerized technical trading. It will introduce you to self-organization and risk management, but zoom into technical trading tools. We'll cover indicators, several trading systems, setting profit targets and stops, and much more.
What's unique about this book is that all of its charts, tools, indicators, and systems have been programmed and are waiting for you at www.Stockcharts.com. If you have different software, you can still use this book because its concepts are universal. Click here for details.
Special: April Webinar Discount
Regular monthly fee $140, now only $99 - until April 15. Scanner results for April 19 - May 10 weekends are included, plus all weekends starting on the day you sign up - the earlier you join, the more you'll receive. Please click this link.