Tag: free day trading

How to Filter Out Overbought or Oversold Conditions

Ever see a candle suddenly plot that is much longer than the others? Of course you have – and a loss may have resulted. These candles often indicate the market is exhausted. After a candle of exhausion, you’ll probably see retracement or “confused” movement. As you can imagine, such market behavior pokes holes into many day trading strategies, especially indicators. The Atlas Line can even fall victim unless you know how to filter out oversold or overbought market conditions. Watch the video above to see how John Paul calculates whether it’s worth trading under these conditions. » Get 6 Months...

Summer is Almost Over – Traders Get Ready!

I look forward to summer every year.  June, July and August bring sun, fun, bikinis, and oh, that’s right – let’s not forget slow moving markets!  Every year, the same thing occurs.  From January through May, the markets move normally as expected.  The following three months of summer bring the slow inactivity every trader complains about.  This uneventful market action is to be expected.  This lack of movement is indicative of a method that I use on a daily basis – the ABC Pattern.  If you haven’t yet watched the video on how to trade the ABC Pattern, now is...