Taz Trader Blog

Failed Patterns, Swing Traps and the Second Entry

Sun, 5 Jul 2009 10:59:40 -0400

Sometimes a failed pattern can turn out to be a profitable trade. Take a look at the following chart: This stock pulled back to support after multiple down days and then formed one of my favorite candlestick patterns - a bullish engulfing...

Was This Just a Lucky Swing Trade?

Wed, 1 Jul 2009 10:00:12 -0400

If you dump a stock right before it tanks, did you get lucky? Maybe and maybe not. Sometimes intuition is just a better gauge of what to do and what not to do. After you have been trading for a while, you just tend to get a feel for things that...

I Really Wanted to Trade This Stock

Sat, 6 Jun 2009 17:56:00 -0400

I included a small hourly chart (inset) so that you can see what I was looking at. The stock was building support with a triple bottom pattern. I was convinced that this stock was going to move much higher. But, I didn't trade it. The market...

Trader Vic's Trend Change Example on S&P Hourly Chart

Tue, 21 Apr 2009 16:49:10 -0400

How do you tell if a trend is going to change? Use Trader Vic's rules for a trend change... A trend line is broken The trend stops making higher highs. Price falls below prior low. Here is an example of these rules...

9 Things Learned From Millionaire Trader Friend...

Sat, 18 Apr 2009 14:25:14 -0400

There is a great article over at Trading Markets by Walter Peters titled, What I Learned From the Best Trader I Have Ever Known that I thought you might enjoy reading. I have been lucky to know my Millionaire Trader Friend and I have reaped many benefits...

Why Default Indicator Settings Suck For Swing Traders

Fri, 17 Apr 2009 18:43:45 -0400

I don't know who came up with the default settings for technical indicators but sometimes you have to ask, "What were they thinking?". They certainly didn't have swing traders in mind! Take a look at this chart of the S&P 500... This sucks!...

How to Create a Better Intraday Chart to Time Entries

Sat, 14 Mar 2009 10:05:05 -0400

Got a StockCharts.com account? You can create a single chart that has multiple ticker symbols. You can then set it up to compare a stock that you are watching to other stocks, market indices, or to look at market internals. This can help you to better...

Blogging Finally Comes to StockCharts.com!

Thu, 5 Feb 2009 09:56:22 -0400

StockCharts.com has finally added blogs to their website (8 to be exact). Well, it's about time! We've just added a brand new section to the website that contains a collection of Blogs (web articles) dedicated to Technical Analysis and our website. This...

Zecco: Zero Commission Cost? Not so Much...

Mon, 2 Feb 2009 08:17:58 -0400

As of March 1st, Zecco will be changing its pricing structure. I'm writing to tell you that as of March 1st, 2009, we're increasing the minimum level of assets needed to earn 10 free trades per month to $25,000. We're also adding a new way to get free...

Why You Shouldn't Rely on Technical Indicators Alone

Mon, 2 Feb 2009 07:43:35 -0400

I like using Williams %R. It gives a good general idea of when the market is about to reverse. But (like all technical indicators) it has it's flaws. Take a look at the following chart: Last week, there was a rally in the S&P 500 and Williams...