The Crosshairs Trader Blog

Category Archives: Boot Camp

Defining and Explaining Basic Stock Terms

DON’T GET HUNG UP STOCK TRADING ON THE CROSS

What focus, patience, and discipline can teach us about the death cross and the golden cross.

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REVERSE HEAD AND SHOULDERS: HERE WE GO AGAIN!

I recently wrote about the dire predictions for the market as the focus of the financial stations and trading websites turned toward the “bearish head and shoulders” pattern forming on the S&P. This pattern turned out to be a deception and the market took off like a rocket off the 200 TANKS and up past the channel we discussed when we were looking at either a missile launch or bunker building from a recent range. We knew one or the other would take place with great force and energy.

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CROSSHAIRS TRADING AND REPEATABLE PATTERNS

CONCLUSION:

Waiting for one pattern to repeat itself over and over again allows THE CROSSHAIRS TRADER to remain focused. Just as a SNIPER must remain focused on the enemy in order to survive, the trader must remain focused on the trading battlefield or there will be no more fighting.

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THE STOCK MARKET IS WAITING. AND YOU?

Will the resistance on the WEEKLY chart keep the indices in check as we enter the traditionally weak to neutral summer months? Or will the S&P and the DOW find the strength to join the NASDAQ and push further past resistance? There is always the possibility of a summer rally!

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WEEKLY OIL INVENTORY REPORT: FIRST BUILD FOR OIL IN FOUR WEEKS

There could be some retracement trade opportunities here but my charts for individual stocks are not giving me a signal either way. I very seldom trade oil and oil related stocks the day of the report unless my intraday charts are giving a clear signal one way or the other.

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S&P 500 BREAKS OUT: SO DO WE THROW A PARTY FOR THE REBELLIOUS TEENAGER?

The S&P 500 broke out above its 200 SMA (TANKS) today to join the NASDAQ. The DOW tapped its 2oo TANKS intraday and then pulled back. The move by the S&P was its first move above the 200 TANKS in 359 trading days! This on a day when GM declares bankruptcy.

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UNDERSTANDING STOCK MARKET MOVING AVERAGES WITH THE CROSSHAIRS TRADER and FORREST GUMP

In many of my more technical posts I discuss moving averages and refer to them as TANKS. I feel a more detailed discussion is in order than the one provided in THE CROSSHAIRS TRADER DICTIONARY.

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S&P 500 AND THE NEXT BIG MOVE: MISSILE LAUNCH OR BUNKER BUILDING?

Make sure you are ready to enter the battlefield because the next move could be a big one!

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THOMAS BULKOWSKI AND THE FAILURE OF POPULAR STOCK TRADING PATTERNS

        According to Thomas Bulkowski, a popular and highly probable stock chart pattern used by many traders, has lost much of its profit potential.  In the most recent issue of TECHNICAL ANALYSIS OF STOCKS & COMMODITIES (MAY 2009) on newsstands now, Bulkowski discusses the BREAK OUT PATTERN and comes to some very [...]

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A NEW TECHNICAL ANALYSIS INDICATOR: THE MOVING AVERAGE BAITING (MAB)

SUN TZU:  Hold out baits to entice the enemy. Here is an interesting indicator that has developed among the stocks I watch and most likely is occurring elsewhere:  Moving Average Baiting (MAB).   As many stocks over the last several weeks moved up with the general market trend, most have made this move from a [...]

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