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The Versatility Of The 1-2-3 Iron Butterfly

The Versatility Of The 1-2-3 Iron Butterfly

Traders may be aware of the iron butterfly, a strategy that creates a limit on possible losses, in exchange for a limit on potential profits. Expanding this further, the 1-2-3 iron butterfly is a strategy consisting of three expiration dates and three butterflies.The middle is a reverse iron butterfly. This structure means that half of the positions will always become profitable whether the stock price moves up or down. And even with no movement, half of the positions – all of the short...

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Psychology: The Five Trader Personality Types, Which One Are You?

Psychology: The Five Trader Personality Types, Which One Are You?

I’ve learned from over a dozen years as a coach to top traders that traders, like criminals, can be profiled (no offense.)  In fact, just 5 Trader Personality Types encompass all the personality variations I’ve ever encountered, if one includes hybrids. (By the way, these five types have nothing in common with standard academic or corporate personality models.) Over the last 5 weeks I’ve presented these Five Types to Trader Planet readers. They correspond to the acronym AWARE.TM ‘A’ stands...

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Stock Play: JC Penney Breaks Out To The Upside

Stock Play: JC Penney Breaks Out To The Upside

JCP (Penney J.C.) has been in a downtrend for all of 2012 going from $43.00 to $5.00. Gap Review On February 27, JCP gapped up and broke the downtrend line that it established since 2012.  The gap up put the stock on a long watch because the downtrend was broken.  This action forced out any short players from the entire move down since 2012.  Since then JCP has based in sideways action from $7.00 to $10.00.  On August 25, 2014 JCP cleared over $10.30 which was a longer term resistance...

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Gold Trade: Position For A Breakout From The Wedge

Gold Trade: Position For A Breakout From The Wedge

There are reasons on both sides of the bull and bear aisle to fuel the gold market's future longer term direction. The battle currently waged by individual speculators and funds alike have gold trading between the upper and lower trendlines, seen on Figure 1 below. Last Thursday’s (8/21/14) breakdown to $1273.4 basis December futures rubbed right against the down trendline, only to see the market bounce through September option expiration. July’s rally up to $1347.5 basis December 2014...

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Stock Watch: Western Digital Shows Good Relative Strength

Stock Watch: Western Digital Shows Good Relative Strength

While much of the broad market has rallied, there have been stocks biding their time and gathering strength for the next move higher.Western Digital (WDC) is one of those stocks. Quiet Range After a very strong rally from May to July, the stock has done nothing besides settle down in a three- point range. Good Relative Strength The important thing to note is that the stock didn't break its range to the downside while the rest of the market was selling off in August. This indicates a good...

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Unusual Options Action: Big Player Snaps Up QEP

Unusual Options Action: Big Player Snaps Up QEP

On Monday morning, QEP Resources (QEP) joined the list of names in which we’ve seen unusual options activity in 2014.  Shares are up over 15% in 2014, outperforming both the broader market and the energy sector (S&P 500 Energy Sector stocks are up 10.6% this year).  Volume Data With an average daily volume of under 1.5 million shares, QEP Resources is one of the lesser known names for unusual options activity in 2014.  Shares have traded in a 52-week range of $25.93-$35.03, having...

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Stocks: Lack Of Volume And Confirmation Waves Warning Flag

Stocks: Lack Of Volume And Confirmation Waves Warning Flag

A couple of weeks ago I mentioned that the small caps had room to run and the expected target was 116-118.  IWM  iShares Russell 2000 Index (ETF) is now at the lower end of the range, but it has traded in a very suspicious manner. In the past, when the other U.S. indexes pushed higher like we have seen and the small caps lagged, they would then go into a euphoria style move and play catch up to the other indexes. Divergences: Red Warning Flag We have not really seen that style move and...

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Canadian Dollar: Loonie Hugs a Key Floor

Canadian Dollar: Loonie Hugs a Key Floor

I'm sticking with the foreign exchange markets this week as this asset class continues to show attractive position trade scenarios (short euro and yen are both working out nicely). The Canadian dollar futures contract is pressing technical support at 0.9113 for the fifth consecutive day and intraday price weakness has so far attracted buying. This line in the sand is a 50% retracement of the uptrend from March to July. It acted as resistance in February and support upon three tests in May...

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The Three T's For Day Trading In The Forex Market

The Three T's For Day Trading In The Forex Market

FX trades nearly $5 trillion each day, according to 2013 Bank for International Settlements Triennial Report. Many traders are attracted to the FX market due to this substantial amount of liquidity and the ease of getting into and out of positions.[Editor's note: this is part three in a Learning To Trade Forex series by Daily FX on TraderPlanet. Read the previous story here.]This has led to an increase in popularity of day trading FX.  Today, we are going to talk about three T’s for day...

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Yellen Pulls Away the Punch Bowl, Will Rates Rise?

Yellen Pulls Away the Punch Bowl, Will Rates Rise?

Let's focus in on negative interest rates and the potential for gold to increase in value.As the Fed met in Jackson Hole over the weekend, gold was trying to hold on at the $1,300 level. Using a negative real interest rate model, gold should be around $1,400. Why? There is lots of concern about global GDP growth maintaining itself.Let's take a look at the overall metals landscape. Some precious metals appear to be doing well. Palladium is at a 13-year high and rhodium is up 45% from the...

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A Top Is Near Or Here: 6-Month Cycle Highs In The S&P 500

A Top Is Near Or Here: 6-Month Cycle Highs In The S&P 500

With the passage of the final high of the 2009 bull market high in the Dow (precisely forecast by the Lindsay model in July) our attention now turns to the S&P 500. Unfortunately, Lindsay’s methods only apply to the Dow so we must use other means but, as history has shown, highs in the two indexes shouldn’t be too far apart (in the year 2000 the Dow’s high was in January and the S&P’s was in March). The chart below shows a six-month cycle between highs in the S&P 500 index....

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Volume At Price Info Is Key: Nasdaq Accumulation Seen Now

Volume At Price Info Is Key: Nasdaq Accumulation Seen Now

If you are only using traditional price charts and indicators, you are missing the most valuable information that the market provides.  The information I am talking about is volume-at-price. Volume-at-price analysis provides valuable information about what prices have seen the heaviest institutional interest and can give insight into where the smart money is accumulating and distributing. While traditional indicators are often simply derivations of price information, volume-at-price...

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Identify HUGE move in Commodities with the Larry ...

Identify HUGE move in Commodities with the Larry ...

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Swing Trade in the Stock Market with Larry Williams ...

Swing Trade in the Stock Market with Larry Williams ...

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