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Written by Edward Chen
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Monday, 01 October 2007 |
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A price action play for a stock in trading range would be to go long at support and short when nearing its resistance. And changing the direction (i.e. buying at support should be changed to shorting when price falls below support) of the trade when either is broken with anticipation of further movement. |
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Last Updated ( Tuesday, 02 October 2007 )
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Your broker won't give you free trades? Create them yourself! |
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Written by Edward Chen
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Friday, 28 September 2007 |
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Here is one of proprietary options traders' favorite trick. Planning for a potential free trade scenario when entering into any trades, so that upon successful exit, there will be a planned position left opened without risking original or addtional capital to make further gains. |
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Last Updated ( Friday, 28 September 2007 )
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Re-test recent high of 14,000 |
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Written by Edward Chen
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Wednesday, 26 September 2007 |
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In general, the market should continue its' bullish momentum aiming to re-test the 14,000 mark and will probably surpass it significantly without any difficulty. On the other hand, oil stocks have been giving back some of the yearly gains since it is almost October. |
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