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The Market Trader Tao
NeboXian's Day trading journal
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Saturday, August 9, 2008

Triangle Reversal Pattern part 3 of 3

Triangles Part 2 Ascending , Decending, Semmetrical

Buy Sell levels Chart 5

Most likely this a continuation Triangle. Notice the higher lows on each Correction phase (they're running out of sellers) and the unwillingness of the buyers to move the price higher ...watch the 5 phases of a chart and the triangle - correction and Impulse videos and try to develop your own conclusion.......Neboxian

Tuesday, August 5, 2008

Buy Sell levels Chart 4


Price will almost always bounce (reverse) if it dosen't break out above or below a previous base area The technical term for these key areas is
1.Support (Low level of base)
2.Resistance (high level of base area)

Sunday, August 3, 2008

Moving Average chart Video Part 4 of 4

5 Ema / 10 Sma Moving Average Chart D

The 5 ema (exponential moving average) and the 10 sma (simple moving average) are combined to complete the (200ma)........ (55ma / 21 ma) ................(10ma / 5 ma) .......moving average price alignment platform........the final 5ma/10 ma combo will show the momentum of the the price in relation to the 21/55ma.......this is all used together like one would sight in a rifle..once the 5/10 ma crossover and in agreement to the direction of the 21/55 ma crossover .....BANG! .....Pull the trigger..... and do what I do next......SO - HAW! (sit on hands and WAIT!)....Neboxian

21 Moving average chart C

When combined, the 21ma and the 55 ma crossover points are powerful tools to identify the short term trend reversals . In addition, shows the speed of the trend and price as it moves in relation to the equilibrium 200 ma....these Crossover points are excellent entry and exit signals. and almost perfect when aligned with the 5ma and 10 ma combo...

55 Moving average chart B

55 moving average will show the crossover and the relative seed of price as it moves away or back to the 200ma

Friday, August 1, 2008

5 & 10 Moving Average Video Part 3

21 & 55 Moving Average Video Part 2

Buy Sell Zone Chart 3

After a Long period of buying or selling , price will make a Pivot reversal because all the buy orders available are filled and all that's left are Sell orders .....price has to go down and will return to a previous low or a base . we call these areas of support . The reason price will return and rally from these areas are many but the main reason is because there are mega buyers or sellers who have huge orders to fill at a certain price and couldn't fill the entire order at the previous buy /sell session.... so....these mega buyers or sellers Wait for the price to return to these Base retracement zones.....and BANG....off we go again. ......Neboxian

Thursday, July 31, 2008

Monday, July 28, 2008

Support /Resistance buy and Sell Zones Chart 2

The first thing to remember in all trading.....price will not go up forever and price will not go down forever..... price will return and test previous zones of highs or lows at least once but many times price will return to previous price zones as many as two or three times ..... In this chart the price action at the top is showing signs of exhaustion for this leg of increase .....so we can expect price to move back to the previous price zone at least one time ......so this could be a low risk high profit entry for a limited time short sell....or wait until price retraces back to the target zone for a buy entry........on this chart, since the trend is up...I wouldn't expect price to travel below target zone . But once in the target zone expect a move back up toward the highest price point but not beyond the current High. Will cover more in next post...........Neboxian

Equilibrium 200 Moving Average

The Very first Thing You do is Apply The 200 ma (moving average).....this will give a picture of the price range you're going to be trading ....the 200 ma is the Equilibrium line (price will desire to move back to this point) in addition , 200 ma will also show the prevailing Trend...The Best Low Risk.... high profit Entry point will be when price is at an extreme point with the most potential to RETURN to the 200 ma ........the next thing to do is look at least 4 time frames...
start with the weekly time frame... then drop down to Daily .... then down to 60 min.......then down to the 15 min..The safest low risk trade will be when price in all 4 time frames are pointing in the same direction..... (toward the 200 ma) ......Once all the Home work covered in this Chart School series is complete......you' ll make your entry on the extreme of lowest time frame....Neboxian

Monday, July 21, 2008

Chart School : The Buy /Sell Zone Chart 1



This Series of Charts will teach you how to Identify the High Profit / Low Risk Entry points

Friday, March 14, 2008

The Bear Is Here

Official Bear Market
100 week weighted moving average ...each week has closed lower 
and below the 100 period moving average begining the first 
week of January 2008...also the  100 week and 20 week moving
 average crossed down in the past two weeks....
..we are officially in a declining bear market..
..expect to visit the lows of the past 4 to 6 years over the next
  60 weeks.........Neboxian

For the Web's best interactive charts, please visit http://www.prophet.net/

Thursday, February 7, 2008



















For the past 4 weeks the market has closed below the
100 week moving average......marking the beginning
of a bear market ....this could continue 26 to 100 more
weeks....