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Stock Trading Services - Are They Worth It?
There are numerous stock trading services available. The question is whether these stock trading services are worth the money. The problem for most investors is figuring out where to put their time and effort into stock trading services. Unfortunately, time and money, as well as discovering whether a stock trading service will produce profits, can be very costly.
Most investors are trying to find stock trading services that will alleviate their immediate problems. These problems are usually related to an inability to produce consistent returns from the investment markets. The fact that an investor is looking for stock trading services in the first place usually implies that they are not getting the results from what they are currently doing on their own.
Investment brokerage firms are not the answer. Otherwise, millions of online investors would not be looking for additional stock trading services. What should be the basic criteria for stock trading services? Very simple, they should produce profits! If an investment method works correctly, it will become a mainstay in the investment community. Hundreds, if not thousands, of “Golden Goose” trading programs that promise success have been marketed in the past couple of decades.
The investment methods that work the majority of the time are still around. Elliott Wave Theory, Fibonacci numbers, stochastics, RSI, MACD, and a few more trading methods are currently in constant use. The reason is simple. They have something built into them at creates greater than average results.
Candlestick signals are still around after hundreds of years of use. When investigating stock trading services, the main criteria should be “will they produce profits”? When investigating stock trading services, another main criteria should be “will I have the capability to improve my investment returns?”
Too many investors try to find the new “Holy Grail” of stock trading services that promise some newly discovered formula for identifying successful investments. Some work, some don't. The ones that work today may not work six months from now. The ones that work well in a bullish market may not work at all in a bearish market or a sideways market. When they don't work, the investor is right back where they started. They are still looking for successful stock trading services.
Learn the Candlestick signals! This allows the investor to have an educational background on a system that works. Any new application can be tested by applying it to Candlestick signals. If it enhances returns, great! If it enhances returns for a while and then doesn't produce anything, then at least the Candlestick signals alone can maintain good returns. Learn a trading method that has proven results. If you use Candlestick signals as the core of your investment decision-making, then you will never be searching for new stock trading services out of desperation.
Market Direction -
It has been many months since the Dow has produced a dramatically positive week. But it should be pointed out that as recently as one week ago the investor sentiment, as being expressed on the financial talk stations, had become very negative. The Dow came back down and was testing the 500 day moving average one more time. Everything was terrible. Greenspan was still going to raise interest rates. The deficit, Crude Oil prices, the dollar, everything that could be spun as a negative was being spun. There was no obvious reason being expressed for buying stocks.
It wasn't until near the end of the week that there was anything that sounded like a positive reason to be buying equities. However, notice the Candlestick signals that formed right near the 500 day moving average. A Spinning Top formed that, at its low point, just barely went down through the moving average. The next day produced a Bullish Engulfing signal.
DOW

These were very bullish signals to a Candlestick analyst. It was time to be shifting from short positions to long positions, days before the majority of investors. Remember these signals. While the rest of the investment community was still waffling, the Candlestick signals immediately illustrated that the buying had come back in at a major support level.
The NASDAQ, although it didn't get much fanfare last week, continued to move up steadily through moving averages that could well have acted as resistance. Correctly analyzing the signals that formed in the NASDAQ over the past couple of weeks provided some excellent profits in long positions that were just starting their uptrends.
NASDAQ

The ability to analyze the direction of the market greatly enhances returns. It allows the Candlestick investor to add positions to the portfolio that would not be deterred by the opposite movement of the market direction in general.
FFIV was recommended early this week based on the fact that the NASDAQ index did not appear to be falling out of bed. FFIV formed a Kicker signal, which by itself is a strong bullish signal. Additionally, notice the extended Three Methods Rising signal in this chart. After the first strong bullish candle, the following six trading days indicated that the bears continued to try to push the price back down.
FFIV

After six trading days, the bears could not close the price below the open of the large bullish candle on May 4, 2005. The next day, the Bulls have their confidence back and gap the price up. Not only did they gap the price up, but they closed the bullish candle above the close of the May 4th candle.
Although the illustration in the book is described as a Three Methods Rising formation, indicating three bearish days that could not close below the open of the first large bullish candle, the same analysis can be applied to this chart formation.
With that analysis, an extended ‘Methods Rising' formation, a bullish Kicker signal, and the NASDAQ not showing any great signs of weakness, the Candlestick investor can take advantage of an uptrending move with confidence. Utilizing the information conveyed in Candlestick signals adds to the probabilities of being in profitable trades.
Two-Day Training Seminar - We are in the preliminary stages of planning a two-day seminar in Orlando , Florida. This would include one day of Steve Bigalow teaching high profit Candlestick signals and the high profit Candlestick patterns. Recognizing high profit patterns consistently puts investors with profitable trades. The second day's speaker will be David Elliott of WallStreetteachers.com demonstrating high profit applications of modern computer technical charting capabilities. When these are applied to Candlestick signals, the combination provides a clear visual insight into when and where excellent trades will occur.
These two days of training will allow families to enjoy Disney World and possibly pay for it by learning high probability investment techniques.
We are currently determining the interest level for a seminar in Orlando, Florida in late June. If you are interested in what will be a two-day information and fun-packed training session learning high profit techniques, please contact us.
Stock Chat Session -
We will do a Monday night chat session for Members at 7 p.m. Central time. Come join us.
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Newsletter Special
You should never be put in a position where
you do not understand why trades are being
made for your account. Whether those positions
are being put on in your managed account,
or a hedge fund, or your own personal trading,
you should have a full understanding of
whether those funds are being put in the
right positions at the right time. The Candlestick
signals applied with Candlestick analysis
will become the education process for understanding
how to maximize your potential returns in
your own trading or being able to analyze
whether a money manager has any concept
of correctly timing the markets.
Good Investing!
- The Candlestick Forum Staff
www.
candlestickforum.com
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