Study Guide for Come Into My Trading Room - Forex Factory

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ANSWERS 173 Chart A3-b moving averages are rising at the right edge—bullish. MACD-Histogram and MACD-lines are also rising, confirming the bullish power. 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 D—Breakout: 1 point DAILY CHART A—Bullish upswing of Force Index: 1 point B—Rising MACD-Histogram and MACD-lines: 1 point C—Rising 13-day and 22-day EMAs: 1 point DECISION Go long KROL, with a stop at the upper edge of the gap and observe money management rules: 3 points. Alternatively, wait to buy when a daily low touches the fast EMA, and adjust buy orders daily: 3 points. The reason we may consider buying KROL this high is that the market underwent a sudden and massive fundamental change. PASS POINT 7 A B C
174 CASE STUDIES Trade 3: Kroll Inc KROL—Exit Answer Chart A3-c entry long A B C D E F G The first selling opportunity in KROL comes in the area A, where the stock penetrates its channel, while Force Index traces a bearish divergence. There is a great reentry opportunity in area B, when KROL returns to its fast EMA. We need to calculate this EMA daily, estimate its value for tomorrow, and put our buy order in that area. The rally in area C offers us a choice—take profits above the envelope or continue to hold because peak C of Force Index is even higher than peak A. When bulls grow stronger as prices rise, they tell us that higher prices are likely ahead. The pullback to the EMA in area D presents another good opportunity to reestablish long positions or to add to existing ones. The rally in area E creates the best exit opportunity for longs—bearish divergence C-E of Force Index shows that bulls are running out of steam, while the failure of prices to reach their upper channel line confirms this message. MACD-Histogram also traces a bearish divergence, in tandem with Force Index. It is the end of the game for the bulls, the bells are ringing, warning you that the uptrend is ready to reverse.
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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
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DAY-TRADING Answer 48 S I X D. 1, 2
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DAY-TRADING 117 Give yourself a poi
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ADVANCED CONCEPTS Answer 54 1. E 2.
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ADVANCED CONCEPTS 121 At the right
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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 181: 172 CASE STUDIES Trade 3: Kroll Inc
Page 206 and 207: THE ROAD AHEAD You can learn to tra
Page 208: SOURCES Appel, Gerald. Day-Trading
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Study Guide for Come Into My Trading Room - Forex Factory

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