Articles

Over the last 12 months I have focussed many articles on the benefits of the ABC Trading Plan. These examples have highlighted the profit that is achievable when your efforts are focused with a plan and using great tools like swing charts and the Starter Pack Software.

With all the talk of a potential retracement in the market, those readers with a medium term view on their trading or investments may be looking to cash in their profits.

After my last week’s call – or at least suggestion – that the Dow could fall to 9,500 and I watched the index climb in the early part of the week, although doubt had not quite set in but I did reel back and contemplate that it was a solid call. However, after St Paddy’s day in the US had passed and the hangover set in, nobody was buying in the States and the market fell and continued to slide for the rest of the week.

When back testing a market it is crucial that your results accurately reflect what would have been the outcomes in real time trading. The Starter Pack Software is an invaluable tool for the ABC Trader to locate trading opportunities. This week though I’d like to highlight a certain situation where you need to be more on top of your game or you could miss additional profit opportunities.

Searching for a level of certainty in the market seems to be the challenge for traders at the moment. Glancing at world markets we see a variety of landscapes, the American markets have seen a long anticipated pull back with uncertainty being openly discussed by the media.