Study Guide for Come Into My Trading Room - Forex Factory

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BASIC CHARTING T H R E E Trading without charts is like playing poker without looking at the cards. It is important to learn to read charts because they can tell you a great deal about the never-ending battle between bulls and bears. If you want to track their moves, you have to be able to read their footprints on your charts. Two city slickers go for a walk in the woods, and one says, “Look, there are bear tracks.” “Don’t be silly,” says the other, “those are bull tracks.” And that’s when the train hit them. Anyone can see the tracks, but it takes knowledge and experience to recognize to whom they belong. Once you learn to recognize price patterns in the middle of a chart, start shifting your attention to the right edge. The middle is where you learn, the right edge is where you trade. Making decisions at the right edge means acting while the information is not yet complete. Being able to recognize the picture from just a few details is a hallmark of a professional trader. It is also the reason why automatic trading tends not to work. Machines are not as good as humans when it comes to making decisions on the basis of incomplete information. Needless to say, your risk control has to be very good to allow you to act at the right edge. 21
22 QUESTIONS Questions 19 20 21 22 23 Total points Trial 1 Trial 2 Trial 3 Trial 4 Trial 5 Question 19—Prices All of the following statements about price are correct, except: 1. What buyers are willing to pay 2. What sellers are willing to accept 3. A momentary consensus of value 4. A mirror image of values 5. Traders on the sidelines are irrelevant A. 1 and 2 B. 3 and 4 C. 4 and 5
Page 2: STUDY GUIDE FOR COME INTO MY TRADIN
Page 5 and 6: BOOKS BY DR. ALEXANDER ELDER Tradin
Page 7 and 8: Copyright © 2002 by Dr. Alexander
Page 9 and 10: vi CONTENTS Part Two Answers and Ra
Page 12 and 13: HOW THIS BOOK IS ORGANIZED The firs
Page 14: QUESTIONS P A R T O N E
Page 17 and 18: 8 QUESTIONS Questions Trial 1 Trial
Page 19 and 20: 10 QUESTIONS Question 4—Stocks, O
Page 21 and 22: 12 QUESTIONS Question 8—Types of
Page 23 and 24: 14 QUESTIONS Questions 9 10 11 12 1
Page 25 and 26: 16 QUESTIONS Question 12—Alcoholi
Page 27 and 28: 18 QUESTIONS Question 16—Discipli
Page 32 and 33: BASIC CHARTING 23 Question 20—A B
Page 34 and 35: BASIC CHARTING 25 Question 22—Bas
Page 36 and 37: F O U R INDICATORS— FIVE BULLETS
Page 38 and 39: INDICATORS—FIVE BULLETS TO A CLIP
Page 48 and 49: TRADING F I V E Beginning traders t
Page 50 and 51: TRADING 41 Question 41—System Tes
Page 52 and 53: TRADING 43 A. Trend-following B. Os
Page 54: TRADING 45 Question 47—Taking Pro
Page 57 and 58: 48 QUESTIONS Questions 48 49 50 51
Page 59 and 60: 50 QUESTIONS Question 51—Opening
Page 61 and 62: 52 QUESTIONS Question 53—The Dail
Page 65 and 66: 56 QUESTIONS Question 56—The Impu
Page 67 and 68: 58 QUESTIONS Question 59—Exits Fi
Page 69 and 70: 60 QUESTIONS Question 62—Trading
Page 71 and 72: 62 QUESTIONS Question 66—Options
Page 75 and 76: 66 QUESTIONS Question 71—The 2% R
Page 77 and 78: 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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INDICATORS—FIVE BULLETS TO A CLIP
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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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N I N E THE ORGANIZED TRADER Answer
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THE ORGANIZED TRADER 135 daily, and
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THE ORGANIZED TRADER 137 Answer 93
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THE ORGANIZED TRADER 139 Answer 98
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LET’S TRADE: S E C T I O N CASE S
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144 CASE STUDIES disciplined and ga
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146 CASE STUDIES Technical analysis
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148 CASE STUDIES Trade 1: Oracle Co
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150 CASE STUDIES Trade 2: Sun Micro
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152 CASE STUDIES Trade 3: Kroll Inc
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154 CASE STUDIES Trade 4: Imclone S
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156 CASE STUDIES Trade 5: Wheat—E
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158 CASE STUDIES Trade 6: Vimpel Co
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160 CASE STUDIES Trade 7: Internati
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162 CASE STUDIES Trade 8: Biovail C
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THE ROAD AHEAD You can learn to tra
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SOURCES Appel, Gerald. Day-Trading
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Study Guide for Come Into My Trading Room - Forex Factory

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