Study Guide for Come Into My Trading Room - Forex Factory

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ANSWERS 177 Chart A4-b rises to a new multimonth high, confirming bullish strength. At the same time, prices punch up through the resistance, closing above that level. This breakout turns resistance into support, which is likely to create a bottom under any decline. Entry Ratings WEEKLY CHART A—An uptick of MACD-Histogram: 1 point A—An uptick of both moving averages: 1 point DAILY CHART A—Bullish upswing of MACD-Histogram: 1 point B—New high of Force Index: 1 point C—Upside breakout through overhead resistance: 1 point DECISION Go long IMCL, with a stop below the previous day’s low, and observe money management rules: 3 points. Alternatively, wait to buy when the low of a daily bar touches the fast EMA; keep adjusting buy orders daily: 3 points. PASS POINT 6 A C B
178 CASE STUDIES Trade 4: Imclone Systems IMCL—Exit Answer entry long Chart A4-c A B C D E F G H I IMCL offers a profit-taking opportunity at point A, just two days after the entry. Prices blow outside of their channel, marking an overbought condition, a selling opportunity. A decline that follows takes IMCL down into the “sweet zone”—the value area between the fast and the slow EMAs. There is a window in September—a blank spot following the suspension of trading after the terrorist acts of September 11. Most stocks sank after the markets reopened, but not IMCL. Two days later Force Index rallies to a fantastic peak, indicating a great buildup of buying pressure. When a stock bucks the trend of the market, it sends a strong message that it really wants to go its way, no matter what. There is a decision to be made in area C—to take profits above the envelope or to continue to hold. The great height of peak C of Force Index indicates that higher prices are likely ahead because bulls grow stronger as prices rise. If you sell, IMCL provides a new buying opportunity in area D, where it declines below its fast EMA, and an even better opportunity in area E. The volatility decreases, and prices stay <strong>for</strong> a few days in that value zone between the two EMAs, be<strong>for</strong>e embarking on a new rally.
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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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ADVANCED CONCEPTS 123 Answer 61 1.
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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
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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 185: 176 CASE STUDIES Trade 4: Imclone S
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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