Items Tagged With stocks

I picked up a copy of the March Issue of Stocks & Commodities magazine this weekend.

There is an article that explains the use of candlesticks and moving average crossover as a strategy.  This is yet another setup strategy that I like for its simplicity.  As long as you can chart 2 moving averages and identify candlestick patterns, you can use it. 

The simple idea is that as moving averages crossover, the candlestick that forms during that crossover can be used to identify the possible direction of the market.

You can read a snippet of the article at http://www.traders.com/Documentation/FEEDbk_docs/ForexFocus/FOREXfocus.html

To read the full article, you need to buy the latest issue of Stocks & Commodities.

I put in 3 trades today during the US session after the Housing Report release that were Anti-dollar but all of them failed to push towards my target.  I managed to recoup some of the losses with another trade placed when the price fell back into the channel so I'm not too disappointed.  It could have been much worst but I wound up losing about 45 pips today.  I'm even for the week.  

On another note, I was reading about fibonacci and stumbled upon a site that includes some fibonacci tricks.  Some of these tricks really only apply to stocks because they relate to gap trading but I found the parabola hunt interesting.

http://www.tradingday.com/c/tatuto/fivefibonaccitricks.html  

Back in 2004, as Google's IPO was approaching, investment advisors from major financial institutions were circling Google Headquarters to be the first to offer their investment schemes to hundreds of young employees who would soon become millionaires.  Google hired well known financial professionals to give workshops to their employees to educate them before allowing the vulture's access.  These financial professionals, such as John Bogle (Vanguard), Burton Malkiel, and Bill Sharpe gave surprising advice.  "Don't try to beat the market." Invest in mutual fund indexes.  

There's an article in San Fran Magazine that reports on this story and about the exorbitant fees that managed mutual funds charge which could cost you 50% of what you would have made in a 36-year period.  The best investment advice is to put your money in a low-fee index fund, thereby maximizing your return.  The article is about two years old but definitely worth the read.

The best investment advice you'll never get