How To Make Money Trading The Markets.

Mr. Charts

Legendary member
7,364 1,181
Just two of today's trades using the rising candles method. Both stocks taken from my pre-market alert list.

Both risers in a falling market. You're trading the stock not the market, and if the trend is strong there is no reason not to go against the prevailing market direction.
I know that goes against the accepted "wisdom" but it is not only logical, but works well since I've been doing it since I started to trade for a living 17 years ago.

Obviously weaker movers are more vulnerable to the way the wind is blowing.

DDD +61c per share
ABBV +75c per share
 

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Mr. Charts

Legendary member
7,364 1,181
GME was on my pre-market alert list and produced a nice +58c early move when it set up the falling candles method.
All winners and losers on my blog as always.
 

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Mr. Charts

Legendary member
7,364 1,181
TRGP was on my pre-market alert list and set up the rising candles method before the open so I went long when the set up was triggered.
+60c before the market even opened.
If everyone is rushing to buy before open then join them.
Being a contrarian is a self-generated ego based game in your mind; it's not in the real world.
You wouldn't stand in front of a speeding train....would you...unless you're contemplating suicide.
Go where the right and appropriate set ups suggest when there is a price action trigger.
 

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mikeh0512

Newbie
3 0
Hello Mr Charts,

My name is Mike Harwood. I have just spent an enjoyable couple of days reading through your
“How To Make Money Trading The Markets” thread, and I must say I am very
Impressed by your system.

I would like to try something similar myself and would be very grateful if you would answer a
few questions for me.

1) As a UK resident what in your experience are the pros /cons of a normal margin
account vs. A CFD margin account ?

2) What features of a stock should a beginner scan to identify possible opportunities ?

I am also interested in taking part or all of your video course. Shall I contact you separately ?

MH
 

Mr. Charts

Legendary member
7,364 1,181
Hello Mike,
1. I use a normal margin account, though I started off using CFDs many years ago. CFDs are good if you don't have the $25k for a PDT account. I never found any disadvantages using CFDs but that was a long time ago.
2. Movement on the day, news, gapping etc
 

Mr. Charts

Legendary member
7,364 1,181
BABA came good yet again today using the falling candles method
+110c per share
 

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