Friday, May 23, 2008

Websites with Free Trade Signals

I had in my IE favorites lists for some time these websites that give trading signals or some sort of rating/opinion on stocks and/or forex. Keep in mind these signals might be delayed and also that these sites might be looking to sell something. You can still check them out.

Barchart.com - Rates stocks from 0 to 100% as to if it is a buy or sell.
www2.barchart.com

Stockscores - This one also rate stocks but also gives a rating on the sentiment according to their proprietary system. www.stockscores.com


StockOptionSignals - This site helps you find the best options to trade according to the symbol you enter. www.stockoptionsignals.com


Americanbulls.com - This site gives buy and sell signals on stocks. They are delayed unless you pay for the service. Get weekly and daily signals. www.americanbulls.com

Trading Markets powerratings.net - Here you can give long term ratings on stocks, industries and mutual funds. On the tradingmarkets.com website you can get short term ratings on stocks but only a limited amount like 4 or 5. There's alot of good information on the siteseducation sections.

Trading Markets Forex Momentum Index - This index shows you which pairs are the strongest and which are the weakest. You can get this live intraday for free. Requires signup.

StockTrends.ca - This site gives you a report on the trend of the stock symbol you enter. www.stocktrends.ca

Navellier Stock grader - Free signup and get a report for your stock.
www.navellier.com

The Greedy Trader - www.thegreedytrader.com - This site give you stocks associated with certain patterns, and oscillator conditions. All delayed though buy good for edcuation.

FOREX
PipsandTips - http://www.pipsandtips.com - Gives a free daily signal on EURUSD.

Babypips.com - These guys give their trade signals according to their trading method. This one is more for educational purposes.
www.babypips.com

If anyone know of any interesting sites that gives free signals or trading ideas please list them in the comments area. Share the knowledge. Thanks.

Monday, May 12, 2008

New Sam Seiden Video from FXStreet

Revised title: is "Capture reversal points with the use of indicators and oscillators"

The link is http://transcripts.fxstreet.com/2008/05/the-importance.html

And if you've noticed, I like Sam Seiden's keep it simple, low risk/high reward methods of trading.

One of the things he have mentioned in the presentation is to follow your rules. I believe that this is what make or break traders. You can have a good strategy, system, money management, business plan, trading plan, etc but if you don't stick to your rules well you end up losing big. Stick to your rules and your big wins, and small loses should equal winner.

Friday, May 9, 2008

Chart Patterns

Cup and handle, ascending Triangle, Symetrical Triangles, Head and Shoulders, double tops and bottoms, triple tops and bottoms, Flags, penants, parabolic, Candlestick patterns, and the list goes on and on.

It's helpful to know a pattern exist and it only exist when it is completed. From it you kinda get a sentiment of what the market is doing at that point. Most times you are in some sort of consolidation when you get a pattern forming. If you trade patterns, put in your stop loss. Patterns do fail at times.

Here are 3 sites out of millions that I think help explain some of these patterns and maybe how to trade them:

Chartpatterns.com

Recognia.com

Thepatternsite.com

Candlesticks
www.tradingeducation.com

Candlestiker - this site lists most of the candlestick patterns.

Understand the price action of candles:

checkout this article:
How to interpret candlestick patterns http://www.swing-trade-stocks.com/reading-candlestick-charts.html

Moneyshow.com videos on candlesticks. You may have to sign up (free)

The Art of Candlestick Charting

Japenese Candlesticks - An indepth ..

Advanced Income Producing Tips: Learn How to Read Candle Charts Properly and The Psychology Behind Them