Recent content by Mike Broudy

What part were you laughing at? (With the exception of maybe the term "fortnight.") The most important criteria for this is that new highs and new lows become prominent simultaneously. Though in this case I believe that it just means increased volatility (mkt may move up or down).

As Jack Schwagger's MW and MW2 have demonstrated, there are numerous paths to the same result. These methods may also change with the market. I think it is important to point out that TA is primarily based on what Edwards & Magee describe as human nature in Technical Analysis of Stock Trends...

You absolutely need to read Technical Analysis of Stock Trends by Edwards and Magee. This will have exactly what you are looking for in terms of pattern analysis and the edition has not much changed since the first publication over 50 years ago, though it has been updated by Bassetti. You will...

Also known as thrusting candles, if I am not mistaken. (50% point of the previous day's range, correct?) Another very, very powerful signal (and very rare) are kickers. Stephen Bigelow defines kickers as either a long black candle at the bottom of a trend followed by a long white candle that...

Candlesticks should be used as one of many tools in the technical analyst's tool chest. It is true that time frames will have very dramatic results based on how they are altered. Daily candlesticks are significant because there is a definite open and close where all trading can be bounded for...

As a general rule, you can typically apply more weight to round numbers. Also be aware of previous support acting as resistance and previous resistance acting as support once each of these has been breached, respective to their situation. In Technical Analysis of Stock Trends, Edwards and Magee...

I tend to believe that forms of analysis are never definitive in and of themselves, but rather multiple forms and types should be used to form a complete picture. I have just begun to understand the powerful implications of Elliott Wave, and I know there is a lot of work on Cycle analysis, and...

Good info, but by no means definitive! I am constantly amazed at the depth of technical indicators, research, and applications. It is easily a full-time job learning and applying analysis =)

Wow. 4 weeks? The potential for this is HUGE! How many followers did you have at the time?

How are you coming up with the uptrend line? On my chart it looks like the line would be placed higher up, to be in line with the 50d MA (while it was trending). I am curious, thanks.

The only thing I've heard in regards to viruses/hackers is some celebrities have had their account PWs cracked and the hacker posts bogus "tweets." Don't click on links you dont trust. Just use common sense as there are some spammers out there, but nothing out of the ordinary that you wouldn't...

Great list. There is also a documentary on Paul Tudor Jones that was made in the late 80's. It is extremely difficult to find though, but you may want to check ebay if you're serious about it.

There's a free practice test here: http://www.markettechlab.com/practice_tests.html

I can't vouch for other brokerages.. but I use Scottrade for my savings and never had any problems. $7 is pretty cheap as far as commissions go and there are no annual or monthly fees. They have live quotes too, which may help you learn. It's located on the left column on the home screen after...

I have recently theorized that better returns are had by avoiding large losses through carefully placed trades that utilize very small stop orders, as opposed to an evenly or calculated disbursement of risks from low risk to "home-run hopefuls." By minimizing loss, you do not also minimize...