TC2000 Charting seminar, and meet TechniTrader Martha Stokes CMT in Seattle April 22nd 2017


Learn about TC2000 Charting, and meet Martha Stokes CMT and CEO of TechniTrader

In 2012 I toured with TC2000 and was able to meet with many of you across the country. TC2000 is now touring again and the TC2000 team is heading to Seattle this month. So I am going to do a surprise visit on Saturday, April 22 around 11am and will be there to visit with you if you wish to come.

  
This would be a great opportunity to meet those of you who have not had the chance to be at one of our live seminars. I will not be presenting but I will be available to answer questions, get to know you personally and help you in any way I can.

Worden Bros is a wonderful company with the best seminars of any vendor. So set the date aside and enjoy the Worden TC2000 V17 presentation by Michael Thompson. Then, come visit with me and we can talk about your trading, goals, and how you are doing.

I look forward to seeing you there later this month.

In the meantime, the market has turned choppy and most stocks are in sideways patterns. There are plenty of bottoms forming but also many tops. These are both sideways patterns before they shift to an uptrend or downtrend.

I have checked about 4000 charts and there are also numerous Trading Ranges and some Platforms. The indexes do not always reflect what the bulk of the stocks are doing in terms of a trend due to the averaging and weighting of the index formulas.

With so much speculation centered around a handful of Dow 30 and S&P500 components, the market momentum is often extremely narrow in breadth. This could create an HFT spike down at some point.

There is also heavier rotation and some distribution in the Dow 30 and some S&P500 components. It is important to monitor your Mutual Funds, Your Pension Index Funds, and your personal portfolios of long term stocks. Keep long term stops in place.

For more training on Managing Retirement or Long Term Portfolios CLICK HERE.

The Bull Market has not shown exhaustion signs yet but it is ageing and it is now important to pay closer attention to ensure you are not taken by surprise when the shift turns to a downtrend. A catalyst is needed and any shock from a political situation is something to be aware of at all times.

The markets have been euphoric but the breadth has been narrower than any other final Bull phase, so it could continue for a while longer. But do not count on 4 more years. Be prepared.

Trade Wisely,


TechniTrader is "The Gold Standard in Stock Market Education." Go to the main website TechniTrader.com Learning Center to watch a wide variety of Webinars, and experience for yourself the excellence of TechniTrader education.

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TechniTrader.com

Chartered Market Technician
Instructor and Developer of TechniTrader Stock & Option Market Courses


Copyright ©2017 Decisions Unlimited, Inc. dba TechniTrader.  All Rights Reserved.
TechniTrader is also a registered trademark of Decisions Unlimited, Inc. 

Disclaimer: All statements, whether expressed verbally or in writing are the opinions of TechniTrader its instructors and or employees, and are not to be construed as anything more than an opinion. Student/subscribers are responsible for making their own choices and decisions regarding all purchases or sales of stocks or issues. At no time is any stock or issue on any list written or sent to a student/subscriber by TechniTrader and its employees to be construed as a recommendation to buy or sell any stock or issue. TechniTrader is not a broker or an investment advisor; it is strictly an educational service.

Decoding Candlestick Charts

How to Develop Spatial Pattern Recognition Skills for Fast & Easy Reading of Stock Charts

When Candlestick Charts were first introduced to the western markets, everyone using Stock Charts and Technical Analysis relied on indicators more than Bar Charts, which were the most popular charts back then. Bar Charts are much harder to read, give less visual data, and take longer to interpret. Candlestick Charts were instantly popular because they made reading price fast and simple. 

In the beginning Candlesticks were assumed to be the confirming indicator, which made pure price subordinate to indicators such as MACD and Stochastic both very popular indicators. Find a link to the TechniTrader MACD Webinar at end of this article.

However decoding Candlestick Charts and using Candlesticks as the entry signal rather than just confirming a continuation of the trend or a reversal of the trend, enables traders to use pure price as their entry and exit signal.

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candlesticks charts webinar - technitrader
 
Spatial Pattern Recognition Skills™ SPRS are something most traders do not have, and need to develop. It takes a while to learn how to read Candlesticks as quickly and as easily as you are reading this text, but when you can do so it opens up a world of information about why price is moving as it is and how it will move next. 

During Trading Range Market Conditions as we have now, keen SPRS are imperative. Otherwise the markets seem merely volatile, unpredictable, and confusing. By learning SPRS you can speed up the entire analysis process, and find strong picks to trade. 

Everyone who uses Candlesticks knows what a Doji Candlestick is, however where it forms can reveal a great deal. As an example using the Doji for decoding Candlestick Charts, the Doji can be a resting day candle and the stock will continue moving down, OR the Doji can be an exhaustion pattern in which the stock will reverse, OR the Doji can expose Dark Pools controlling price. 

The reason Dark Pool Quiet Accumulation is easy to recognize in a candlestick formation, once it is understood how giant Institutions using Dark Pools buy and sell, the patterns become obvious and are instantly easily recognized. In the chart example below the tight formation of Doji first being white, then black, and then white again is a Dark Pool Quiet Accumulation Candlestick Chart pattern.

very tightly compacted dojis help traders see patterns for early entries - technitrader

Since this is also a compression consolidation of Doji, it is also indicating a likely Breakout pattern. The stock may either run with High Frequency Trading HFT triggers or gap. Entering early in this tight consolidation of Doji, ensures that the trade is executed before a potential run or gap. The more compression there is then the more velocity behind the Breakout, with the pattern definitely favoring an Upside Breakout. The way the Doji have formed in the Candlestick Chart tell the Technical Trader with strong SPRS, that this is an Upside Breakout about to occur soon.

Summary

The chart example also gives other information regarding decoding Candlestick Charts. The stock has bottomed decisively and recently. It has no strong resistance above price. The tight consolidation of Doji was preceded by speculative trading triggered first by Professional Traders, then HFTs, and then Smaller Funds. The stock went sideways as Professionals took profits while Smaller Funds bought. Now it is in a very tight formation. The control of price requires a very specific type of order that only Dark Pools use regularly.

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macd indicator for stock trading webinar - technitrader

 Go to the TechniTrader

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Trade Wisely,
Martha Stokes CMT
TechniTrader technical analysis using a TC2000 chart, courtesy of Worden Bros.

Chartered Market Technician
Instructor & Developer of TechniTrader Stock and Option Courses
TechniTrader DVDS with every course.

©2016 Decisions Unlimited, Inc. dba TechniTrader.  All rights reserved. 
TechniTrader is also a registered trademark of Decisions Unlimited, Inc.

Disclaimer: All statements are the opinions of TechniTrader, its instructors and/or employees, and are not to be construed as anything more than an opinion. TechniTrader is not a broker or an investment advisor; it is strictly an educational service. There is risk in trading financial assets and derivatives. Due diligence is required for any investment. It should not be assumed that the methods or techniques presented cannot result in losses. Examples presented are for educational purposes only. 

Price Oscillators Enhanced for the Modern Market

How to Create and Use Center Line Price Oscillators

Most traders are very familiar with the standard Price Oscillators which have a high and low range. These Price Oscillators are common and found in nearly every charting program. There are Stochastic, Williams R, Wilder’s Relative Strength Index and many more oscillators created specifically for determining “Overbought” or “Oversold” conditions.

Stochastic however was written in the 1950’s which was an entirely different market than we have today. Nowadays Technical Traders find that Stochastic tends to give a false negative or a false positive signal, just as the stock is beginning a Momentum or Velocity run up with exponential point gain potential. This often frustrates traders who are still using only the older theory of Overbought/Oversold Trend Conditions.

Today with High Frequency Trading Firms HFTs trading stocks in massive order flow on the millisecond scale, Price often appears “Overbought” with the standard Price Oscillators when it is just starting a big run. Often times Overbought Patterns shift to the “Floating Oscillation” Pattern which is a failed signal, due to extreme momentum energy that was not present in the trading environment when these indicators were written. Watch a webinar about Stock Leading Indicators for the Stock Market today.


TechniTrader is "The Gold Standard in Stock Market Education." Go to my TechniTrader.com Learning Center and watch the Leading Indicators for Stocks webinar, to experience for yourself the excellence of TechniTrader education. 

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"Stock Leading Indicators Webinar"


price oscillators enhanced for the modern market - technitrader

Using Price Oscillators enhanced for the Modern Market is a method that TechniTrader teaches exclusively. TechniTrader shows how to create a CENTER LINE Oscillator very similar to Volume Center Line Oscillators. Using Volume and Price Oscillators together can be a huge benefit in entering stocks earlier out of Bottoms and Tops, which are often flat or basing these days rather than Triple Bottoms or other older style Bottoming or Topping patterns you may have been taught.

Adding a relational center line that trends with the Price Oscillator can reveal patterns in advance of sudden big moves. See the chart example below.

chart example showing a relational center line that trends with price oscillator - technitrader

Wilder’s RSI with its one line for oscillation is the most adaptable and easiest patterns to learn, when incorporating this kind of Center Line Oscillation into your indicator tool set. It was written in the 1970’s and is unique for a Price Oscillator. Instead of just calculating Overbought/Oversold, its formula analyzes current price action to prior price action similar to what many Volume Oscillators track. This helps reveal Dark Pool activity which tends to precede the sudden runs and gaps caused by HFTs. This makes it an invaluable indicator to use for short-term trading.

The Floating Center Line has a softer Oscillation, which provides pivotal signals in the Price Patterns. This Hybrid Indicator can be applied to many other Price and Volume based Indicators as well. This Price Oscillator enhanced for the Modern Market provides a more three dimensional and Relational Analysis™ that is needed for the more complex Market Structure of today. Watch a webinar about Relational Analysis.


TechniTrader is "The Gold Standard in Stock Market Education." Go to my TechniTrader.com Learning Center and watch the Relational Analysis webinar, to experience for yourself the excellence of TechniTrader education.

Watch the TechniTrader's 



relational analysis explained webinar - technitrader

Oscillators can be far more valuable and useful when adaptations and adjustments are made to the older indicators. This gives the Technical Trader more indicator signals, more analysis scope, and further breadth of understanding of Price action. The more a Technical Trader UNDERSTANDS price behavior, the better trading decisions they can make.

Using both Center Line Price Oscillators and Volume Oscillators, enhances and improves the overall indicator analysis for all Trading Styles. Each Trading Style will require modifications to the settings and periods for each Indicator.

Summary

The RSI/RSI Indicator shown in the chart example is part of the TechniTrader Indicator Tool Set provided to Students with instructions on how to use it with all the Variables, Combination Indicators, Indicator Settings, and Periods. It is one of the most versatile of all the price indicators, and is a Price Oscillator enhanced for the Modern Market.

Not yet TechniTrader Students can use this theory to design their own Indicators. The ideal Oscillators have one Oscillation Line rather than two.


TechniTrader is "The Gold Standard in Stock Market Education." Go to my TechniTrader.com Learning Center and watch a variety of webinars, to experience for yourself the excellence of TechniTrader education.
Go to the TechniTrader 



learning center webinars - technitrader

Followers may request a specific article topic for this blog by emailing: info@technitrader.com 

Trade Wisely,

Martha Stokes CMT


TechniTrader technical analysis using a TC2000 chart, courtesy of Worden Bros.

Chartered Market Technician
Instructor & Developer of TechniTrader Stock and Option Courses
TechniTrader DVDS with every course.

©2016-2017 Decisions Unlimited, Inc. dba TechniTrader.  All rights reserved. 
TechniTrader is also a registered trademark of Decisions Unlimited, Inc.

Disclaimer: All statements are the opinions of TechniTrader, its instructors and/or employees, and are not to be construed as anything more than an opinion. TechniTrader is not a broker or an investment advisor; it is strictly an educational service. There is risk in trading financial assets and derivatives. Due diligence is required for any investment. It should not be assumed that the methods or techniques presented cannot result in losses. Examples presented are for educational purposes only.