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you must be logged into our Paltalk room with the downloadable software
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TODAY'S
PALTALK PASSWORD IS: daytradingu
Welcome to DTU's Live AudioCast Active Traders'
Seminar
Time: 2 hrs
Start: 12 Noon EST
End: 2pm EST
Learning Points:
1) Choppy markets require patience and skilled tape-reading w/chart pattern
recognition to trade correctly. Tools like the sector percent change from
open, NASDAQ Composite 2-day chart and wide/clean charts from previous
days' trading are important.
2) Tape reading: the main point is you need to already be familiar with
"trading consolidation" vs "breakout tapes" for a
handful of your favorite stocks, before the opening bell, each day.
3) Chart patterns: usual favorites like bullish/bearish engulfing 1-minute
candles w/volume are favorites. Also use 3-line breaks and previous day's
OHLC/ intrarange support resistance to help nail entry triggers.
4) Avoiding
false breakouts, bull/bear traps. Contrary to popular opinion, there's
not "mm's out to get you", it's simply a function of market
volatility. Learning how to recognize and then trade high-volatility vs
sitting out low-volatility times requires a skilled use of volume patterns
to detect strong vs chop breakout moves.
5) Timing is essential, understanding how to trade within 20-minute timeframes,
and using previous day's High/Low in the COMPQ to time entries and exit
into resistance/support regions in the chart.
TODAY'S
CHARTS:
Examples
of breakout chart patterns in otherwise chop market conditions:
Daytrading University prepares for success premarket:
http://www.daytradinguniversity.com/dryrmar7yt.gif
And voila! Nailed it, realtime calls long at 62.7+ sell at the 64.6 for
a +1.90 win:
http://www.daytradinguniversity.com/dryrmar7aplus.gif
Your humble moderator even papertraded live along w/the traders using
cyberx2:
http://www.daytradinguniversity.com/dryrmar7paper.gif
http://www.daytradinguniversity.com/dryrmar7paperb.gif
(note roughly a 2-3 minute roundtrip)
Here's what the tape looked like during the entry: tape1
> tape2
> tape3 >
tape4 >
tape5
http://www.daytradinguniversity.com/ertsmar6aplus.gif
--> called long 53.3+ sell 53.9 > +.60 win
http://www.daytradinguniversity.com/qlgcmar6gf.gif -->
called long 35.7+ sell 35.95 > +.25 win
http://www.daytradinguniversity.com/dryrmar5aplus.gif -->
called long 59.55+ .. sell 63.15> +2.65 win
http://www.daytradinguniversity.com/costmar5tu.gif -->
called short 27.4- cover 27.05 > +.35 win
http://www.daytradinguniversity.com/cdwcmar4aplus.gif -->
called short 41.3- cover 39.5 > +1.80 win
http://www.daytradinguniversity.com/rmbsmar3doh.gif -->
called long 15.75 sell 15.95> +.20 win, but then
got greedy and tried for an entry beyond the stock's trading range on
a volume breakout, called long 16.15+ next,
stop out 15.95 for a -.20 loss . oh well. 'stops happen' (daytrader
bumper sticker lol)
http://www.daytradinguniversity.com/mximmar3aa.gif -->
called short 33.4- cover 32.85> +.55 win
Interested
in learning more about these powerful techniques, and more?
Also,
be sure to order our new bestselling highlights reel, the new 2-day Advanced
Daytrading Seminar CD-ROM. New Release for January 2003 -> Click for
more information.
We
invite you to try
our Pro Live Daytrading and Swingtrading Audio/Video Room free in
our next
Guest/Free trial coming late March 2003.
====== TIPS for SEEING OUR CHARTS CLEARLY (IE 6+):
To See our Charts clearly, running IE 6+:
Be sure to go to Tools/Internet Options/Advanced
and scroll down to "Multimedia" and UNCHECK where it says "Enable Automatic
Image Resizing"
Tthis is an unwanted new default IE 6 feature that resizes images to fit
the current browser window size,
it makes our charts more difficult to see, so Uncheck it.
View www.DaytradingUniversity.com/charts.gif to see what it looks like
================================
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Disclaimer:
Traders Note: all alerts are for learning/educational purposes only and
are not to be construed as an offer to buy nor sell equities. We share
them to show you our real time trading techniques, so that you may better
understand how we look for trade entries. Do Not make actual trades based
on these or any other information you get via emails or on websites. Do
your own due diligence and consult with a qualified broker or RIA (which
we are not) prior to making any trades. You assume all risk/liablity for
all trades that you make. Daytrading is high-risk and speculative in nature,
and is not suitable for most people. Past performance is not indicative
of future performance. Hypothetical or simulated performance results which
are presented herein as learning examples have certain inherent limitations.
Unlike an actual performance record, simulated results do not represent
actual trading. No representation is made that any account will or is
likely to achieve profits or losses similar to those shown. Since trades
have not actually been executed, the results may have over- or under-compensated
for the impact, if any, of various market factors, such as lack of liquidity.
We make no performance claims of any kind. You hereby agree to all terms
in www.daytradingu.com/disclaim.htm by reading these materials. We hope
you're learning new strategies that are useful -- best wishes for successful
active trading.
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