GS Chart Indicating Reversal

Time to be very nimble and protect gains if bullish. Not the time to slack off and get complacent. Here's an example of many charts i am seeing out there right now. GS is a stock that on top of my watchlist as it is oneof the big market leaders. When it speaks, it's best to pay attention.

Awesome Testimonial From An Art Of Trading Subscriber

This Art Of Trading Subscriber Joined less than a Week Ago!!

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Hey Stewie,

Last week was a great week for me. As you know I did very well with my AAPL position, but I also did well with your calls.
I was in the following: CLF, AIG, GNTX, XTXI, SNDK and CLNE. Only using about 20k from my account and around 8k per trade I made over 300$ in 3 days last week and another 250 today (closing CLNE, and in PCX).

Needless to say I'm happy with the performance thus far. I've tried to stick to your trades only to get a feel for them, and so far they were all winners.I did take off a few positions or portions of them before you called out too in an attempt to be more conservative. Sometimes this worked in my favor, other times it didn't, but nothing major.

I do realize that last week was a strong week in the markets and I don't expect you to call 15/18 profitable trades every week, but last week was quite impressive. You made some timely calls and helped a lot of people make money.

I'm normally not a big fan of holding stocks that I'm not familiar with overnight, but it's been paying off so far. I do often reduce my position before the close going into it with a less aggressive position which I'm more comfortable overnighting.

I sold PCX early today for a small gain and I'm still holding CTRP, 200 @ 39.30.

Thanks,

Jason

Stocks To Watch As Breakouts Look Imminent

When Brokers Breakout, It's Time To Pat Attention

Posted this chart 2-3 weeks ago on twitter as it looked like an early bullish formation and now it's breaking out. This index needs to be watched from here as it is a great market gauge of overall health.

CLNE Chart Setup Update

Becoming a big winner now! This is a solid base breakout but heads up earnings are Wednesday.

Phenomenal Week At The Art Of Trading!!!

18 trades: 3 small losses and 15 WINS!



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LONG/SHRT	Symbol	Entry Price	Exit Price	% Profit/Loss		Holding Period
LONG	RINO	20.5	20.2	-1.46		swing trade
LONG	APWR	13.35	13.77	3.15		swing trade
SHORT	APL	13.43	13.62	1.41		swing trade
LONG	XTEX	10.57	11.2	5.96		swing trade
LONG	ATLS	33.75	34.25	1.48		swing trade
LONG	ATHR	38.15	38.3	0.39		swing trade
LONG	HLX	12.7	12.75	0.39		swing trade
LONG	XRA	8.57	8.7	1.52		swing trade
LONG	HEAT	12.57	13.3	5.81		swing trade
LONG	CTRP	37.3	37.1	-0.54		swing trade
LONG	BGZ	16.18	16.05	-0.8		swing trade
SHORT	CLF	58.45	57.55	1.54		swing trade
SHORT	LZB	14.5	14.21	2.00		swing trade
LONG	AIG	26.85	27.25	1.49		swing trade
LONG	GNTX	20.2	20.29	0.45		swing trade
LONG	XTXI	9.3	9.47	1.83		swing trade
LONG	GIL	25.15	25.47	1.27		swing trade
LONG	SNDK	33.2	33.72	1.57		swing trade

CLNE Chart Setup Update

Moving out of that base like a charm now! These kinds of setups are high probability in my book. Hope some of you banked on it!!

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This guy is on Free trial!! Started yesterday!

"Sold HEAT at 13:47.
Roughly 1k in my first trade."

Eduardo

The Need To Be Nimble As A Trader: Don't Believe Me? Ask One Of The World's Best Traders!

Interview With Paul Tudor Jones: One of the best traders to have ever lived.

"A rally in the stock index futures in the closing minutes of trading that day caused over a $1,000,000 loss in Jones' position. Yet, he was so composed and i didn't even realize the market had moved against him until i checked the closing prices later that day.

There was sufficient time to complete the interview at our first meeting. I returned about 2 weeks later. Two things were notable about this second meeting. First, whereas he had been strongly bearish and heavily short the stock market at the time of our first conversation, Jones' short term opinion on the stock market had shifted to bullish in interim. The failure of the stock market to follow thru to the downside at the price and time he had anticipated convinced him that the market was headed higher for the short term.

"This market is sold out", he emphasized at our second meeting. This 180 degree shift in opinion within a short time span exemplified the extreme flexibility that underlies Jones' trading success. He not only abandoned his original position, but was willing to join the other side once the evidence indicated his initial projection was wrong."


Market Wizards, Interview With Top Traders

by Jack Schwager



Guys, this is why i am constantly flip flopping back and forth in my market projections in order to adapt to constantly changing market conditions. Many traders are ALWAYS bullish or constantly bearish. It's almost ingrained. As a result, they are right on occasions and they will make money when the market eventually heads in their direction BUT they end up losing it all and then some once the market reverses. This is the result of failure to adapt to a changing tape. As a trader my job is not to be bearish to bullish, my job is to quickly adjust my trades in favor of what is working and the order flow of least resistance. The need to 'be right' to satisfy my ego is completely irrelevant to me, all i care about is making money consistently.

This should be our job as traders, period.

Higher Low Updated Charts

Thus far playing out like a charm. I will continue to BUY DIPS as skeptical traders reluctantly wanna believe in this rally. Yesterday we saw a breakout and a great follow from that 'higher low' scenario i highlighted a few days ago.

LEARN YOUR CHART PATTERNS!

Learn your patterns!! Patterns are everything!!

check out this link.