Study Guide for Come Into My Trading Room - Forex Factory

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ANSWERS 165 Chart A1-b many stocks went into a tailspin, but ORCL just flirted with the new lows for a few days before rallying. During that rally, Force Index rose to its highest peak since June, confirming that this stock was completely sold out, bears had no more power, and the next move was likely to be up. Entry Ratings WEEKLY CHART A—Bullish divergence of MACD-Histogram: 1 point B—Bullish divergence of MACD-lines: 1 point C—Price below the EMA, in the undervalued zone: 1 point DAILY CHART A—Bullish divergence of MACD-Histogram: 1 point B—Bullish divergence of Force Index: 1 point C—Rising 13-day EMA, price in the value zone between fast and slow EMAs: 1 point DECISION Go long ORCL, with a stop below the month’s low, and observe money management rules: 3 points. PASS POINT 6 B A C
166 CASE STUDIES Trade 1: Oracle Corp ORCL—Exit Answer Chart A1-c entry long A B C D E F ORCL wasted little time before rallying above its moving averages. The failure of the rally to reach the upper channel line lets you know that the upmove is not likely to be very strong. The channel has been drawn to contain the data during the decline in September. Back then, declines used to punch the lower channel line. Now, the failure of prices to reach the upper channel line shows that the rally is weak and profits should be taken quickly instead of waiting for more, which you would do in a powerful rally. At point A, Force Index has completed a triple bearish divergence— three lower tops during three uplegs of a rally. Prices still cannot reach the upper channel line, making this a good spot to take profits and employ your cash and attention elsewhere. The divergence deepens at point B and gives a final ring at point C, after Force Index rises above its centerline following the first nasty spill since the beginning of the rally. Overstaying a long trade in area C would have meant sitting through an unpleasant decline below the EMA. That decline D actually creates
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STUDY GUIDE FOR COME INTO MY TRADIN
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BOOKS BY DR. ALEXANDER ELDER Tradin
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Copyright © 2002 by Dr. Alexander
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vi CONTENTS Part Two Answers and Ra
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HOW THIS BOOK IS ORGANIZED The firs
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QUESTIONS P A R T O N E
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8 QUESTIONS Questions Trial 1 Trial
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10 QUESTIONS Question 4—Stocks, O
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12 QUESTIONS Question 8—Types of
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14 QUESTIONS Questions 9 10 11 12 1
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16 QUESTIONS Question 12—Alcoholi
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18 QUESTIONS Question 16—Discipli
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BASIC CHARTING T H R E E Trading wi
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BASIC CHARTING 23 Question 20—A B
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BASIC CHARTING 25 Question 22—Bas
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F O U R INDICATORS— FIVE BULLETS
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INDICATORS—FIVE BULLETS TO A CLIP
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TRADING F I V E Beginning traders t
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TRADING 41 Question 41—System Tes
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TRADING 43 A. Trend-following B. Os
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TRADING 45 Question 47—Taking Pro
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48 QUESTIONS Questions 48 49 50 51
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50 QUESTIONS Question 51—Opening
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52 QUESTIONS Question 53—The Dail
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56 QUESTIONS Question 56—The Impu
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58 QUESTIONS Question 59—Exits Fi
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60 QUESTIONS Question 62—Trading
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62 QUESTIONS Question 66—Options
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66 QUESTIONS Question 71—The 2% R
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68 QUESTIONS Question 77—The 6% R
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N I N E THE ORGANIZED TRADER If you
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THE ORGANIZED TRADER 73 Question 83
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O N E FINANCIAL TRADING FOR BABES I
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FINANCIAL TRADING FOR BABES IN THE
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FINANCIAL TRADING FOR BABES IN THE
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92 ANSWERS AND RATING SCALES ings w
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94 ANSWERS AND RATING SCALES ten re
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BASIC CHARTING Answer 19 T H R E E
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BASIC CHARTING 99 Give yourself a p
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F O U R INDICATORS— FIVE BULLETS
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TRADING Answer 40 F I V E D. 1, 2,
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TRADING 113 Answer 44 D. 1, 2, 3, a
Page 124 and 125: DAY-TRADING Answer 48 S I X D. 1, 2
Page 126 and 127: DAY-TRADING 117 Give yourself a poi
Page 128 and 129: ADVANCED CONCEPTS Answer 54 1. E 2.
Page 130 and 131: ADVANCED CONCEPTS 121 At the right
Page 132 and 133: ADVANCED CONCEPTS 123 Answer 61 1.
Page 134 and 135: ADVANCED CONCEPTS 125 Give yourself
Page 136 and 137: MONEY MANAGEMENT Answer 68 E I G H
Page 138 and 139: MONEY MANAGEMENT 129 staring at a l
Page 140 and 141: MONEY MANAGEMENT 131 Six precent of
Page 142 and 143: N I N E THE ORGANIZED TRADER Answer
Page 144 and 145: THE ORGANIZED TRADER 135 daily, and
Page 146 and 147: THE ORGANIZED TRADER 137 Answer 93
Page 148 and 149: THE ORGANIZED TRADER 139 Answer 98
Page 150: LET’S TRADE: S E C T I O N CASE S
Page 153 and 154: 144 CASE STUDIES disciplined and ga
Page 155 and 156: 146 CASE STUDIES Technical analysis
Page 157 and 158: 148 CASE STUDIES Trade 1: Oracle Co
Page 159 and 160: 150 CASE STUDIES Trade 2: Sun Micro
Page 161 and 162: 152 CASE STUDIES Trade 3: Kroll Inc
Page 163 and 164: 154 CASE STUDIES Trade 4: Imclone S
Page 165 and 166: 156 CASE STUDIES Trade 5: Wheat—E
Page 167 and 168: 158 CASE STUDIES Trade 6: Vimpel Co
Page 169 and 170: 160 CASE STUDIES Trade 7: Internati
Page 171 and 172: 162 CASE STUDIES Trade 8: Biovail C
Page 173: 164 CASE STUDIES Trade 1: Oracle Co
Page 206 and 207: THE ROAD AHEAD You can learn to tra
Page 208: SOURCES Appel, Gerald. Day-Trading
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