August 2007

Qualities of a Successful Tape Reader

August 30, 2007

Anyone looking to enter the exciting and fast-paced world of trading should first examine several things: His mental and financial well-being, his amount of patience and cool-headedness and above all his threshold for remaining calm and calculating under intense pressure.

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AUG 18: Offshore Bank Accounts and the Best Ways to Open Them

August 18, 2007

Before we can discuss what you need to know before you open offshore bank accounts, we must first define all the terms: if you don’t know precisely what you’re doing, the offshore world can be a dangerous place.

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General Questions Answered in the Options Market

August 18, 2007

General Questions Answered in the Options Market We have daily inquiries from correspondents at a distance, saying that living so far from the city, and not knowing the best stock to select, or the most favorable time to close their contracts, that if we would attend to not only securing the privilege, but the selection […]

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Protect Profit in an Options Call by Buying a Put

August 16, 2007

Protect Profit in an Options Call by Buying a Put Here’s a tricky one but very useful. A man bought a 90-day Call at 50 (stock was selling at 50) for $350. In 60 days the stock rose to 70. At this price of 70 he has a 20-point profit, less the cost of his […]

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MetaStock Lowest Since Bars Ago Function

August 14, 2007

MetaStock Lowest Since Bars Ago Function The Lowest Since Bars Ago function is a variation on the Lowest Since function. The difference being that instead of returning the lowest value of the selected `data array’ since the `N’th most recent occurrence of a defined expression occurred; it will return how many periods have passed since […]

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Explanation of Chart – US STEEL

August 11, 2007

Explanation of Chart – US STEEL A look at the accompanying chart of U.S. Steel common shows that it broke from 72 in the second week of July, 1957, to 48¼ by the third week in December of the same year. From 48¼ it rose in almost a straight move to just under 100 in […]

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Basic Principles Of Stock Price Forecasting

August 9, 2007

Basic Principles Of Stock Price Forecasting Beginning early in 1962, most stocks declined steadily and selling reached near-panic proportions at the end of May. A sharp recovery followed. According to Louis H. Whitehead, people are now trying to decide whether this is merely a normal technical rally in a bear market or the beginning of […]

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MetaStock Highest Function

August 7, 2007

MetaStock Highest Function The Highest function returns the highest value from the selected `data array’, from the entire data loaded into the chart. For example, assume that you have three years of history loaded in your chart

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Purchasing a Put Option to Maintain a Short Position

August 4, 2007

Purchasing a Put Option to Maintain a Short Position A man is short of 100 shares of XYZ which he sold short at 55 (he hopes to buy it back at 30)—the stock is now selling at 50. He originally deposited funds with his broker to margin this short sale but he now has use […]

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MetaStock Highest High Value Function

August 2, 2007

MetaStock Highest High Value Function The Highest High Value function will return the highest value of the selected `data array’ from a specified number of periods. For example, assume we wanted to identify the highest value of the volume from the last 10 periods.

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