www.informedtrades.com The 2nd lesson in a series on charting patterns for traders and investors in which goes into specific strategies which can be used to trade double tops and double bottoms in the forex market, stock market, and futures market.
8. How to Trade Double Tops Like a Pro
March 12, 2011
Hi Dave.
Ive been looking at you tutorial for the last few days and its been interesting learning new things from you.
Thankz . .
I would like to Know what is the best trading platform for stocks and shares according to you with Low prices?
Kind Regards
Ronald
roneypinto@hotmail. com
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- ? thnx?
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@yourpalcliffy 228. 5 – 224. 44 = 4. 06 => 406 points
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hi dave,im a rookie,and i like your video here very much and want to try it. the video about double top. is that can happen to any time frame. i mean we do that to the any time frame that show the double top?and the double top high and low must be same on the horizontal line before we do that?
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Hi Dave,
I just have one question about losses in daytrading. If you miss the right moment to sell a stock before the price drops, would it be ok to just wait it out until the stock price goes back up to sell it, therefore eliminating any losses? Thanks!
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@paz920 @williamgen28 yes he is talking about shorting the stock when he discusses the double top, thats why the stop loss is above the price you pay, and you ‘enter’ when it breaks through that bottom resistance level as it a sign of a trend reversal
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@ Williamgen28Doppel- ‘?’-
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cud some one clarify how is 228. 5 – 224. 44=406 points?
what exactly are we calculating here for target
sorry if question is too silly. . im just a newbie. . .
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hey dave,
love the videos btw, very informative. I have a question in regards to the enter on break in the double top trading strategy. . . I don’t get it. . . why enter at that point when you know prices are gna go down? isn’t this ment to be an exit point?
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?
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Hi, do you have a cd or book with all the lessons? thanks
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?é /? – ?
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great videos. i just know that we can also predict the TakeProfit.
i have question: sometimes when the price breakthrough the resistance/support, the price is going back again, how is that happening?
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?K Nnten- ? F ?Topverkaufe?ð? tzungsliniedannIch-
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RDE W? RDE?f – plz
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Hi David,
“This video actually confused me as you used the terms enter and trade instead of buy and sell? So I didn’t really understand the video. Could you send me a message explaining what you meant please. ”
Hello. I have the same problem as well. Would you mind sending me a msg as well? thanks!
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Download free Technical analysis book !
ebookwormspot @
blogspot @ com !!
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Hi David,
This video actually confused me as you used the terms enter and trade instead of buy and sell? So I didn’t really understand the video. Could you send me a message explaining what you meant please.
P. S. Love the videos, learning so much
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I have a question well 2 actually. I am new to this so excuse me if I cant express myself correctly. . . when u place the stops on each extreme. . . for exle a stop loss above the double top then u expect the market to sell. . . its not just trading stocks because otherwise you would want your stock to gain value. . . so its like trading options rite? and also which service do you recomend for charts? Thanks!!!
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Hey if anybody is interested I have an online Oil Trading Room at my website.
David
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Thanks, Brilliant Seminar as usual.
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Same question too. I got a little confused. But, think he meant enter the position (short) and place your stop loss back at the top point of the double top. Which in esence (i think) means that the price may just channel below resistance, but not take the loss (if it goes up) until it breaks through that. Otherwise, stay in the trade until it gets to the 406 target. I think that is how i saw it. Right?
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- frnds
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Leuchter-
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Can someone explain to me why does he put his “ENTER” when the support is just about to be broken? It doesnt make sense!!
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