Posts Tagged ‘Charting’

Free Trading Videos

For those of you out there with a basic understanding of Japanese Candlestick charting who’d like to take the next leap in your development, may I suggest you check out FreeTradingVideos.com.

FreeTradingVideos.com was launched a couple of years back by a bunch of renowned traders who really know their stuff.

Having been in this industry for several years, we feel that there is an alarming lack of trader education that teaches stock and option trading basics in a clear-cut way. For beginners, it can be difficult to put the “pieces” of trading together into a sound, workable plan. Well, it’s time to level the playing field. No matter what your experience, our free online trading videos teach you strategies you can easily apply in real life.

I’ve read a few books on the topic over the years, but there’s no comparison to being walked through real market data by an expert who’s pointing out patterns, indicators and levels of support and resistance as they go.

You’ll probably want to have a basic understanding of charting before you head on over, or a lot of what’s being said may sail over your head, but these guys are articulate, knowledgeable and obviously passsionate about what they do.

No Brainer Trades

Just came across a great FOREX Trading blog and wanted to share.

At No Brainer Trades, Steve runs a very refreshing financial blog that offers straight-to-the-point FOREX Trading advice and posts trade information, not signals, he loathes the word signals. Here’s the blurb of what constitutes a No Brainer Trade:

Based on the premise of areas of heavy bank order flows, or simply stated, large, key areas of support and resistance which are very obvious areas for price reversal or continuation of momentum.

Anyone new to the FOREX trading game can definitely learn a thing or two here. Steve’s methods read like a text for “the right way to trade FOREX”:

  • Strict risk management with attention to proper use of leverage and setting fully attainable profit targets
  • Avoidance of emotional intervention through the use of proper trade planning
  • Stressing deep analysis, taking trades only at very high probability areas
  • Avoidance of careless trading techniques and reliance on loosely performing indicators

Anyway, enough of my drivel, head on over and check out No Brainer Trades.

Day 35 – Portfolio Value £6,289 Up £165 On The Day

After a mixed day for our little, green share portfolio, ReneSola shoved us into positive territory with a 7% gain, busting a little resistance on the way.

As the heftiest share in our portfolio – on current weighting it makes up 56% of our holdings – any movements in ReneSola’s share price has a substantial effect on where we end the day.

After exploring 140 pence yesterday, today was always going to be a test for ReneSola as it has run into resistance repeatedly at this mark over the past three months. Not only did it open above 140 pence this morning, it traded above that mark all day, surging as the markets opened in New York. Taking a closer look at the three month chart for Renesola you’ll notice it has nudged above the 5, 10 and 26 day Exponential Moving Average (EMA) lines and is closing in on the 200 day EMA. All strong signs but I’ll be very interested to see what happens on Wednesday.

Clipper Windpower ended the day slightly down, Ceramic Fuel Cells and Climate Exchange oh so very slightly up.

Low Carbon Accelerator took a 6% whack but making up less than 9% of our portfolio, the impact was minimal.

So after a £440 pound appreciation this week already, I say, bring on Wednesday.

On the Radar – BlackRock New Energy IT

Those of you who’ve dropped by more than once will know I have a bit of a thing for green energy. And although I’ve always seen Investment Trusts as erring a little too far in the risk averse direction for my liking, if you love a sector, you love a sector. So it’s with that confused logic that I’ve added BlackRock New Energy IT to the radar.

For you chartists out there, I think we’ve seen a nice double bottom (there’s a Benny Hill type gag in there somewhere). There will be no imminent buying but we’ll keep an eye on her and see how things play out in the coming weeks.

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Disclaimer: Investor Trader is the blog of a single, personal investor. The owner of this blog is not a citizen of the United Kingdom nor is he based in the United Kingdom and the blog is not hosted in the United Kingdom. The owner has never received any form of compensation for providing investment recommendations and has never in the past been employed in any capacity where he has provided investment recommendations. Investor Trader does not make investment recommendations and no information displayed on its pages should be considered as investment advice. Nothing on Investor Trader should be interpreted as a recommendation or solicitation to buy or sell any securities or investments. All trades are first reported on Investor Trader at least a day or two after the fact (but more often a week or two), never live. Investor Trader is here to journal my attempts to make a few quid from the markets and possibly to entertain you a little into the bargain. Please, please, please, do your own piles of research and if you want good investment advice go out and find someone who does this sort of thing for a living (i.e. not me). Most of my investment decisions are based on gut feelings, hearsay, unfounded rumour and whether or not I like the cut of a company logo. You've been warned!
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