You're
going to want to read this month's issue. The theme? Decision
support tools and how they're as good as the person whose
hands are on the controls.
This
third newsletter coming to you from eSignal explores our choices
— everything from the market we trade to the charting
tools, technical indicators and trading systems we use. It
reveals how those choices need to match our trading profile
and the market to maximize profit and minimize loss.
The
Psychology of Trading It's Bennett McDowell's
(of TradersCoach.com) turn again to enlighten us.
This month, he describes how we might just be swimming
up stream, attempting to trade against our core
beliefs instead of with them.
Raghee
Horner (of EZ2TradeSoftware.com) is also back in
The Basics of
Technical Indicators. This time, she continues
her discussion of drawing tools by focusing on Fibonacci.
She de-mystifies its use by explaining, not just
where to draw the Fib levels on a chart, but how
the lines can support decisions for entry and exit
points and assessment of risk-to-reward ratios.
This
last of Raghee's series on The
Basics of Forex Trading is a terrific extension
of her discussion of charting tools. Here, she explains
how trendlines and Fibonacci retracements help her
answer the three questions she always asks herself
when making a Forex trade: Where should I enter?
Where do I place my stop loss? Where are my profit
targets?
Short,
sweet and to-the-point, this Trading
Styles article by John Netto, President of One
Shot - One Kill Trading LLC, is an overview of his
swing trading strategy, particularly how he correlates
price movement with charting tools, sector, stock,
bond and currency analysis when trading an index.
And, there's a bonus article
for this section this month: Jim Harrison, founder
of Eminimaster.com, discusses the ins and outs of
profiting from E-Mini scalping.
Glad
to be part of your continuing education, we at eSignal hope
you take the time to take in what this issue has to offer.
Julie
Craig
Publisher
P.S.
Watch for Issue 4 of Trading 201, which will be coming
to your email box next month, compliments of eSignal.
You're
going to want to read this month's issue. The theme? Decision
support tools and how they're as good as the person whose
hands are on the controls.
