Guys, I'm Roger Felton and, on behalf of Big Mike and the Elite Circle group, I am pleased and honored to announce that I will be your host for an educational webinar that will be covering a number of my favorite topics on Tuesday, April 5th, 2011 at 12 noon Central (1:00PM Eastern, 10:00AM Pacific). In addition to some good info on divergence, here are the discussion topics for the upcomming presentation:
Know your markets before you trade them - No two markets are ever quite alike in the way they cycle and trend. Pick the markets that offer the best bang for the tick.
All markets have tells Just as professional poker players look for subtle signs from their opponents that let them know what to expect, professional traders can look for signs, or tells, from the markets that they can use to enhance their chances of success. These signs, however, are almost never what the average trader would suspect them to be.
Chart types do matter - Whether you trade off of time based charts, tick charts, volume charts, range charts, etc., it pays to look around and select the most effective type of chart that can actually serve as its own noise filter for the market you wish to trade. The best types are probably among the least well-known.
Building your own trading system Some traders build their systems by borrowing a bit of this and a bit of that. Starting from total scratch is a very daunting task. But it can be done if you stick with time-tested proven techniques and indicators and avoid the flash-fad fluff stuff you see in mags and plastered over the Internet.
Entries and Exits Knowing the precise time to enter the market is second only to knowing the precise time to exit. Both are vitally important to any traders hopes for long term success. Its called Trade Management and you cant win without this imperative trading skill.