Toni Turner: A Happy Market Player

LEARN FROM THE GENERALS OF THE MARKETS - PART 45

“Always remember this: There are traders that have ruined entire accounts but still did not give up and were ultimately successful.” – Marko Graenitz

Toni Turner, a happy American trader, is a trading educator and a successful author of many trading and investment books. Some of the books are: ‘A Beginner’s Guide to Day Trading Online,’ ‘A Beginner's Guide to Short Term Trading,’ ‘Short-Term Trading in the New Stock Market,’ etc. These books are best-sellers and they’ve been translated into some Asian languages. She’s in a high demand as a financial expert at trading forums, expos, money shows and conferences throughout the US. She regularly appears on investment programs on TV channels and other media. Her main goal has been to show traders and investors how to become victorious market players.

Toni’s very good at presenting difficult subjects in easy-to-understand formats for her students and clients. Being a great chart analyst, countless number of people have really benefitted from her opinions on the markets. One extremely grateful student admitted that one of Toni’s workshops has really helped them to become better traders and make more profits. She really cares for her students and clients. Toni is the President of TrendStar Group, Inc. Her official website is: http://www.toniturner.com.

Lessons

To learn from Toni, you would need to join her online webinars, attend her seminars/workshops, attend conferences or money shows where she’s also a featured guest, or buy some of her books. Here are a few of the lessons one can learn from Toni:

1. What do you do in an overbought or oversold market when you’re in a right direction? When you think the market is overbought or oversold, you can take your profits, or take a partial profit, or set your breakeven stop and then trailing stop (if you’re a trend follower).

2. There are trading instruments that speculators can watch as leading indicators of the broader markets. One of them is iShares Russell 2000 ETF ($IWM). When these leading indicators go south, it may mean that bears reign. When they go up, it may mean that bulls reign. According to Toni, when we see higher volume on a pullback in the context of an uptrend… higher volume than there was on the prior move up—it indicates that there are more sellers out there on the move down than there were buyers during the move up. When we see higher volume on a rally in the context of a downtrend… higher volume than there was on the prior move up—it indicates that there are more buyers out there on the move up than there were sellers during the move down.

3. It is agreed that most lose money because they think they must be right always. This either makes them risk too much or run their losses for as long as possible. Whenever you open new positions, you should know where you would want to exit, either for profit or for loss. Losses ought not to be run. 

4. Toni Turner is a happy trader. If you ‘Google’ her images or see her pictures in most cases, you’ll see a happy trader, full of smiles. Be doing the right things in the market, learning what it takes to be victorious in the markets, finding you purpose as a trader, and realizing you goal, you too can be happy. One doesn’t need to frown always; being sad or full of worry as a result of the vagaries of the markets. You can always be a happy trader.

Conclusion: Many wizards who began trading many decades ago know that rock-solid discipline and self-restraint were the most difficult things for traders to achieve. This is not something that can be achieved with ease, since it takes some serious determination. You trade to make money. Your gains are your reward for staking your money in the markets. You gains are your reward for doing the right thing on the markets, for knowing what it takes to be successful, and for your rock-solid discipline.

This piece is ended by a quote from Toni Turner:

“…For day traders, I think the recent volatility is a great opportunity to earn short-term gains.”

Source: www.tallinex.com 

Eye-opening trading lessons: Lessons from Expert Traders

Annual Trading Forecast on Twitter (2014)

Twitter shares (NYSE:TWTR) bare bound to rise higher this year. There have been consolidating phases in the market, following by upward breakouts.

The ADX period 14 is currently below the level 30, showing a lack of momentum in the market. Plus the DM+ is above the DM-, meaning that the bulls still have some determination here. The MACD (default parameters) have both its signal lines and histogram above its zero line; though not significantly, as a result of the current lack of momentum. When the momentum returns to the market, the price could rise towards the supply zone at 80.00 this year.

Conclusion:  Clem Chambers says if you want to gamble, the stock market is a very convenient place to do it… so the stock market is and always will be the biggest casino around. However, there are stocks that are very attractive and promising, just like Twitter. Twitter shares would go upwards further this year. Most people are not making money from the market because they dread the market, but if you want to reap long-term benefits from the market, you would need to learn the principles and acquire the knowledge that can make you profitable.

This forecast is ended with the quote below:

“Stop being a wuss. Everyone is scared about trading when they start. Only those with a goal in their gut, and determination see it through to achieve trading greatness.” – Louise Bedford

Azeez Mustapha

Market Analyst, Trading Signals Provider and Coach

Eye-opening trading lessons: Lessons from Expert Traders

Source: http://uk.advfn.com/newspaper/authors/azeez-mustapha

Annual Trading Forecast on FTSE 250 (2014)

FTSE 250 (FTSE:MCX) is currently gloomy for the bulls, but a boon to the bears. The price has been trending southward and it could go further as such.

This stocked formed a top in January 2014 as further northward effort was rejected. Since then, it has crossed the EMA period 21 to the downside, while the Williams’ % Range dropped to the oversold region. There could be a temporary rally in the market, but things would drop further again. The price could go towards the accumulation territory at 15000 this year; or breaking it to the downside. Unlike FTSE 100 (a counterpart of FTSE 250) which was bullish last year but underperformed the S&P 500, this market would keep on being bearish. Again, unlike FTSE 100 which could be going further upward this year, the outlook for FTSE 250 is gloomy. This shows that the two distinct markets can be negatively correlated sometimes.

Conclusion:  Everybody desires success but it’ll be attained by few, for the ladder to success can’t be crowded at the top. FTSE 250, the right thing to do now is to seek short orders. A correct market outlook could enable you to be on the correct side of the trend, so that you go for the highest probability setups and avoid headaches.

This forecast is ended with the quote below:

“You won’t go in a straight line from where you are now, to where you want to be. You’ll get distracted, you’ll fall off course, and you’ll experience some hiccups… That’s why persistence and the support of others who have been in your situation counts…. If you’re zigzagging - you’re doing it right!” – Louise Bedford (Tradinggame.com.au)

Azeez Mustapha

Market Analyst, Trading Signals Provider and Coach

Eye-opening trading lessons: Lessons from Expert Traders

Source: http://uk.advfn.com/newspaper/authors/azeez-mustapha

Monthly Technical Reviews on Gold and Silver (February 2014)

Here is the current outlook on Gold and Silver.

GOLD: The overall bias on Gold is bullish and last month (January 2014) was in favor of the bulls, save the last week of that month. However, the bullish bias is precarious, and therefore, certain factors must be put into consideration before it is seen as being established. This precious metal moved upward by over 2400 points last month and it is poised to continue going further upwards this month. There is currently a significant bullish attempt in the market and this would be completely confirmed after the price crosses the resistance level at 1270.00 to the upside and closes above it. Looking at the historical data, one could see that the best trading approach for this market is to buy vivid dips in the context of the near-term uptrend.

SILVER: Silver is currently showing signs of weakness and it is not advisable to go long in the market. The current rally in the price is a good opportunity to go long at a dearer price in the context of a downtrend. It is unlikely that the rally would take the price beyond the supply level at 19.70, before the bearish trend resumes. The price dropped by almost 800 points last week (more than 1100 point last month). This month, it could test the demand level at 18.970 again.

Source: www.tallinex.com

Eye-opening trading lessons: http://www.harriman-house.com/experttraders

Daily analysis of major pairs for February 3, 2014

The weakness in the EUR/USD may continue this week, especially when the price breaks the support line at 1.3450 to the downside.

EUR/USD:  The weakness in the EUR/USD may continue this week, especially when the price breaks the support line at 1.3450 to the downside. However, this may not occur without some upwards bounces along the way, which would tend to be opportunities to go short in the downtrend.

USD/CHF:  The stamina in the USD/CHF may continue this week, especially when the price breaks the resistance level at 0.9100 to the upside. However, this may not occur without some pullbacks along the way, which would tend to be opportunities to go long in the uptrend.

GBP/USD:  This currency trading instrument is also a weak market, but its characteristic upswings and downswings should be expected this week. The upswings should respect the major bias – which is bearish. This bearish bias would continue as long as the price stays below the distribution territory at 1.6500.

USD/JPY: Any rally on this pair would always be limited, and it would tend to pull back in the direction of the dominant outlook, which is southward. For more than 7 trading days, the bears have been unable to push the price below the demand level at 102.00. For the current outlook to be valid, the price must cut through that demand level and close below it this week.

EUR/JPY: This is also a bear market, and it would continue to be bearish this week. Any bullish attempts along the way may not take the price above the supply zone at 139.00; plus the next target in the price is at the demand zone of 137.00: an easy target indeed.

Performed by Azeez Mustapha,

Analytical expert

www.instaforex.com    

InstaForex Companies Group

Eye-opening trading lessons: Lessons from Expert Traders