About Day Trading: Profitable Traders Know The Future
 | from Adam Milton
Profitable traders use crystal balls, tea leaves, and several other magical and mystical methods of seeing the future. Well, not quite, but profitable traders do know one aspect of the future. They know exactly when they are going to exit their trades, before they enter them. This week's day trading newsletter includes: - a discussion of knowing your exit before you enter (day trading quick tip # 4), - the description and calculation of the triangular moving average, - and the weekly economic calendar with volatility expectations. Good trading, and good fortune telling :-)
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In the Spotlight |
Day Trading Quick Tip # 4 - Know Your Exit Before You Enter
A complete trade requires both an entry and an exit. This seems obvious, but based upon the number of traders that enter trades without any idea of where their exit will be, this needs further discussion ... find out how to know the future
| | Economic Calendar With Volatility
This week's economic calendar includes approximately the same amount of news releases from Europe, the US, and Asia. The US has most of the high volatility news releases this week, followed by Asia, and then Europe (with only two high volatility news releases). Even so, markets from all three regions will probably experience some significant volatility this week ... view the calendar
| Triangular Moving Average
The triangular moving average (also known as the TMA) is similar to other moving averages in that it shows the mean price over a specified number of previous prices. However, the triangular moving average differs from most moving averages in that it is double smoothed (i.e. it is averaged twice) ... read the description and calculation
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