Study Guide for Come Into My Trading Room - Forex Factory

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ANSWERS 183 Nobody can know the future with certainty. All we can do is play the probabilities, buy at the rising EMA, and take profits in the vicinity of the upper channel line, all the while protecting our positions with stops. We may move stops only in the direction of the trade, never against it. DAILY CHART A-5C Exit Ratings Sell longs in area A: 3 points Add to longs in area B: 3 points Sell longs in area C: 5 points Add to longs in area D: 3 points Cancel buy orders and liquidate any remaining longs in area E: 3 points PASS POINT 9
184 CASE STUDIES Trade 6: Vimpel Communications VIP—Entry Answer VIP—Rubles to Dollars Chart A6-a We can apply technical analysis to markets in all countries because of the essential similarity of human beings. The veneer of civilization gives us different appearances, but underneath we are all wired the same way. When people feel stressed, their behavior patterns are remarkably similar across cultural divides. Technical analysis picks up the behavior of people under stress. If you had not known that VIP was a Russian stock, you would have analyzed it in the same way as any other stock on your list. VIP had its IPO in the high 20’s and then twice stabbed at the 60 level be<strong>for</strong>e sinking in the 2000–2001 bear market. Once it slid below 20, several technical patterns began to emerge, which eventually coalesced into a trading signal at the right edge of the chart. MACD-Histogram has traced a long-term bullish divergence A, followed by a bullish divergence B of MACD-lines. Prices have traced a “saucer bottom” that held all the declines, and a flat top that knocked back rallies. Finally, at point D, prices broke through that resistance. EMAs, MACD-Histogram, and MACD-lines turned higher at that point. At the right edge of the daily chart, VIP has broken above its August peak and is holding that level, refusing to decline. The breakout was A B C D
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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
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MONEY MANAGEMENT Answer 68 E I G H
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MONEY MANAGEMENT 129 staring at a l
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MONEY MANAGEMENT 131 Six precent of
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Page 144 and 145: THE ORGANIZED TRADER 135 daily, and
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Page 157 and 158: 148 CASE STUDIES Trade 1: Oracle Co
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Page 167 and 168: 158 CASE STUDIES Trade 6: Vimpel Co
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Page 206 and 207: THE ROAD AHEAD You can learn to tra
Page 208: SOURCES Appel, Gerald. Day-Trading
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