Turn a Hobby into a Business (2/2)
Produced By:
moneytalks on 12 May 2008
Category: Creating Wealth
Description: Being your own boss, and working from (more...) home. It's a dream for many...and a reality for a few. One step toward that kind of life is to turn something you now do for fun into something you do for a living. (Part 2 of 2) (less)
32.How to Trade the Morning/Evening Star Candlestick Pattern
Produced By:
InformedTrades on 28 Dec 2007
Category: Creating Wealth
Description: http://www.informedtrades.com/
A (more...) lesson on how to trade the morning and evening star candlestick chart patterns for active traders and investors using technical analysis in the stock, futures, and forex markets.
In our last lesson we looked at the Hammer and Hanging Man Candlestick Chart Patterns. In today's lesson we are going to look at two more reversal candlestick patterns which are known as the Morning and Evening Star.
The Morning Star
Pic
The Morning Start Candlestick Pattern is made up of 3 candles normally a long black candle, followed by a short white or black candle, which is then followed by a long white candle. In order to have a valid Morning Start formation most traders will look for a close of the third candle that is at least half way up the body of the first candle in the pattern. When found in a downtrend, this pattern can be a powerful reversal pattern.
What this represents from a supply demand situation is a lot of selling into the downtrend in the period which forms the first black candle, then a period of lower trading but with a reduced range which forms the second period and then a period of trading indicating that indecision in the market, which is then followed by a large up candle representing buyers taking control of the market.
Unlike the Hammer and Hanging Man which we learned about in our last lesson, as the Morning Star is a 3 candle pattern traders often times will not wait for confirmation from the 4th candle before entering the trade. Like those patterns however traders will look to volume on the third day for confirmation. In addition traders will look to the size of the size of the candles for indication on how big the reversal potential is. The larger the white and black candle and the further that the white candle moves up into the black candle the larger the reversal potential.
Chart
The Evening Star
The Evening Star Candlestick Pattern is a mirror image of the Morning Star, and is a reversal pattern when seen as part of an uptrend. The pattern is made up of three candles the first being a long white candle representing buyers driving the prices up, then a short white or black second candle representing indecision in the market, which is followed by a third black candle down which represents sellers taking control of the market.
The close of the third candle needs to be at least half way down the body of the first candle and as with the Morning Star most traders will not wait for confirmation from the 4th period's candle to consider the pattern valid. Traders will look for increased volume on the third period's candle for confirmation, the larger the black and white candles are and the further the black candle moves down the body of the white candle the more powerful the reversal is expected to be.
Chart Example
That's our lesson for today. In our next lesson we are going to finish up our series on Candlestick patterns with a look at the Shooting Star and Inverted Hammer Candlestick Patterns. (less)
Views: 800
Comments: 0
Duration: 05:28
Selecting Clickbank Products
Produced By:
ocollier on 06 Jan 2008
Category: Creating Wealth
Description: http://www.otiscollier.com
Now that you (more...) are a Clickbank affiliate, its time you learned how to find products to promote. Let's take a dive into the Clickbank marketplace to see what we can uncover. (less)
Views: 732
Comments: 0
Duration: 07:58
**HOT TOPIC** Using Craigslist to drive traffic to YouTube
Produced By:
ocollier on 29 May 2008
Category: Creating Wealth
Description: http://www.otiscollier.com/theplan
In (more...) this video, I want to share with you an idea about driving traffic from Craigslist to your YouTube video. Craigslist is a great way to drive traffic because there is no cost to you.
craigs list
craigs list com
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classifieds
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pdx (less)
Views: 724
Comments: 0
Duration: 09:57
MonaVie Scam or Not Calculator
Produced By:
antonb on 12 Nov 2008
Category: Savings & Retirement
Description: http://acairesearch.org/monavie-scam.html (more...) - instruction of how to use the calculator to check prices. MonaVie is expensive so some think it's a MonaVie scam but with this calculator, you can figure out how much you are going to pay in advance. (less)
CPA Networks To Earn Money Online
Produced By:
hilalabdelwali on 16 Oct 2009
Category: Small Business
Description: http://www.CPAMoneyMagic.com - Assists (more...) you to choose the best CPA network and guides you in selecting the best advertising method. Visit this website today and know the different methods to earn real money with CPA networks.
(less)
Views: 687
Comments: 0
Duration: 01:10
Learn to Dunk Like Michael Jordan
Produced By:
ocollier on 26 Jul 2007
Category: Creating Wealth
Description: http://www.workoutpro.info
Do you (more...) want to learn how to slam dunk like Michael Jordan? Well you need workoutpro.info to provide you with all the tools and work out instructions that will have you jamming the nets soon.
View http://www.workoutpro.info (less)
How to open a Nightclub create a Nightclub Business Plan
Produced By:
elearning on 02 Feb 2007
Category: Small Business
Description: Nightclub Business Plan - Our Mentor (more...) Profile:
Our mentor has been involved with the food and beverage industry for about 12 years. He has always wanted to take charge and start being his own boss and open a night club business.
Learn what is important to include in a nightclub business plan!
One of the most important things our mentor would like to pass onto you is '...Your business is like a child and you must be there to make sure everything is going well for your business to succeed'.
BusinessPlanWorld.com - Tutorial Topics:
Navigating the MS Excel Tabs
About What will be covered in this tutorial:
Navigating the MS Excel Tabs
About the Start Up Costs
Startup Costs and Balance Sheet Relationship
Project Costs and Owners Investment
About the Balance Sheet
Disclose everything do not hide any debt
About the cashflow
About Financial Leading Indicators
About Sales to Debt Ratio
Where to find financial leading indicators
How to edit the Cashflow
How to use Paste Link in MS Excel
The Cashflow and Income Statement relationship
How to generate your income statement
How to forecast income statement Y1 and Y2
Tips on changing the spreadsheets
-------------------------
For more information visit:
http://www.businessplanworld.com (less)
25. How to Trade Bollinger Bands - Stocks, Futures, Forex
Produced By:
InformedTrades on 20 Dec 2007
Category: Creating Wealth
Description: http://www.informedtrades.com/
A (more...) Lesson on Bollinger Bands for active traders and investors using technical analysis in the forex, futures, and stock markets.
The link that I refer to on Standard Deviation is here: http://en.wikipedia.org/wiki/Standard_deviation
The link that I refer to with more resources on Bollinger Bands is here:
http://www.informedtrades.com/tags/index.php/bollinger%20bands/
In our last lesson we learned about the Stochastic Oscillator and how traders use this in their trading. In today's lesson we are going to learn about an indicator which helps traders gauge the volatility and how current prices compare to past prices.
Bollinger Bands are comprised of three bands which are referred to as the upper band, the lower band, and the center band. The middle band is a simple moving average which is normally set at 20 periods, and the upper band and lower band represent chart points that are two standard deviations away from that moving average.
Example of Bollinger Bands:
Bollinger bands are designed to give traders a feel for what the volatility is in the market and how high or low prices are relative to the recent past. The basic premise of Bollinger bands is that price should normally fall within two standard deviations (represented by the upper and lower band) of the mean which is the center line moving average. If you are unfamiliar with what a standard deviation is you can read about it here http://en.wikipedia.org/wiki/Standard_deviation. As this is the case trend reversals often occur near the upper and lower bands. As the center line is a moving average which represents the trend in the market, it will also frequently act as support or resistance.
The first way that traders use the indicator is to identify potential overbought and oversold places in the market. Although some traders will take a close outside the upper or lower bands as buy and sell signals, John Bollinger who developed the indicator recommends that this method should only be traded with the confirmation of other indicators. Outside of the fact that most traders would recommend confirming signals with more than one method, with Bollinger bands prices which stay outside or remain close to the upper or lower band can indicate a strong trend, a situation that you do not want to be trading reversals in. For this reason selling at the upper band and buying at the lower is a technique that is best served in range bound markets.
Example of Buying and Selling at the Upper and Lower Band:
Large breakouts often occur after periods of low volatility when the bands contract. As this is the case traders will often position for a trend trade on a break of the upper or lower Bollinger band after a period of contraction or low volatility. Be careful when using this strategy as the first move is often a fake out.
Example
As Bollinger bands paint a good picture directly on the price chart of how high or low price is relative to historical prices, this is a good indicator to use in conjunction with other methods such as some of the chart patterns that we have learned so far and some of the candlestick patterns which we will learn in future lessons. Below is one such example:
As Bollinger Bands are one of the most popular indicators around I have created a special page on InformedTrades.com which lists multiple resources for those looking for more information on trading Bollinger Bands.
That's our lesson for today. You should now have a good understanding of Bollinger bands and how traders use these in their trading. In our next lesson we are going to go over the Average Directional Index or ADX, which helps traders identify the strength or weakness of a trend so we hope to see you in that lesson.
As always if you have any questions or comments please feel free to have them in the comments section below, and have a great day! (less)
Views: 431
Comments: 0
Duration: 07:36
401k Planning - Early Hardship Withdrawal Rules
Produced By:
lightshipmutual on 18 Oct 2008
Category: Personal Finance
Description: In this episode, we'll discuss the pros (more...) and cons of taking an early hardship withdrawal from your 401k plan...should you do it?
Also, you'll learn what situations qualify as 'hardships' as well as information on how to request a withrdrawal from your specific employer.
Based upon our five Keys to SHINE™, SHINE TV is an interactive video blog intended to engage, educate, and empower your financial mind. (less)
Views: 377
Comments: 0
Duration: 06:50
My Account Got Hacked - MySpace Profile Deleted
Produced By:
ocollier on 29 Apr 2008
Category: Creating Wealth
Description: http://www.otiscollier.com/theplan
Last (more...) night my MySpace page got hacked into and deleted. No biggie though. I will just create another page.
I told my down-line earlier that there will be challenges in your business. This is one of those challenges that I will just overcome. (less)
Views: 375
Comments: 0
Duration: 03:37
22.How to Trade the Relative Strength Index (RSI) Like a Pro
Produced By:
InformedTrades on 17 Dec 2007
Category: Creating Wealth
Description: http://www.informedtrades.com/
A (more...) lesson on how to trade the RSI for traders and investors using technical analysis in the stock market, futures market and forex market.
In our last lesson we looked at 3 different ways that the MACD indicator can be traded. In today's lesson we are going to look at a class of indicators which are known as Oscillators with a look at how to trade one of the more popular Oscillators the Relative Strength Index (RSI).
An oscillator is a leading technical indicator which fluctuates above and below a center line and normally has upper and lower bands which indicate overbought and oversold conditions in the market (an exception to this would be the MACD which is an Oscillator as well). One of the most popular Oscillators outside of the MACD which we have already gone over is the Relative Strength Index (RSI) which is where we will start our discussion.
The RSI is best described as an indicator which represents the momentum in a particular financial instrument as well as when it is reaching extreme levels to the upside (referred to as overbought) or downside (referred to as oversold) and is therefore due for a reversal. The indicator accomplishes this through a formula which compares the size of recent gains for a particular financial instrument to the size of recent losses, the results of which are plotted as a line which fluctuates between 0 and 100. Bands are then placed at 70 which is considered an extreme level to the upside, and 30 which is considered an extreme level to the downside.
Example of the RSI
The first and most popular way that traders use the RSI is to identify and potentially trade overbought and oversold areas in the market. Because of the way the RSI is constructed a reading of 100 would indicate zero losses in the dataset that you are analyzing, and a reading of zero would indicate zero gains, both of which would be a very rare occurrence. As such James Wilder who developed the indicator chose the levels of 70 to identify overbought conditions and 30 to identify oversold conditions. When the RSI line trades above the 70 line this is seen by traders as a sign the market is becoming overextended to the upside. Conversely when the market trades below the 30 line this is seen by traders as a sign that the market is becoming over extended to the downside. As such traders will look for opportunities to go long when the RSI is below 30 and opportunities to go short when it is above 70. As with all indicators however this is best done when other parts of a trader's analysis line up with the indicator.
Example of RSI Showing Overbought and Oversold:
A second way that traders look to use the RSI is to look for divergences between the RSI and the financial instrument that they are analyzing, particularly when these divergences occur after overbought or oversold conditions in the market. These divergences can act as a sign that a move is loosing momentum and often occur before reversals in the market. As such traders will watch for divergences as a potential opportunity to trade a reversal in the stock, futures or forex markets or to enter in the direction of a trend on a pullback.
Example of RSI Divergence:
The third way that traders look to use the RSI is to identify bullish and bearish changes in the market by watching the RSI line for when it crosses above or below the center line. Although traders will not normally look to trade the crossover it can be used as confirmation for trades based on other methods.
Example of the RSI Centerline Crossover:
That's our lesson for today. You should now have a good understanding of the RSI and how traders use this indicator in their trading. In tomorrows lesson we will look at another Oscillator which is known as the Stochastic Oscillator so we hope to see you in that lesson.
As always if you have any questions please feel free to leave them in the comments section below, and have a great day! (less)
Domain Name System (DNS) | Tutorial #3
Produced By:
ocollier on 19 Mar 2008
Category: Creating Wealth
Description: http://www.otisteaches.com/tutorials/update-domain-name-system-dns-tutorial-3/
In (more...) the last two videos, you learned how to get a free domain at Register.com and then you learned where to get free web hosting. In this video, I will teach you how to connect the two together. Currently your domain name is hosted somewhere different from your hosting account. The goal is to have visitors directed to your site where your files are hosted when they type in your domain name. Currently this can not be accomplished until you first update your domain name system (DNS).More...
The domain name system (DNS) is the way that Internet domain names are located and translated into Internet Protocol addresses. A domain name is a meaningful and easy-to-remember 'handle' for an Internet address.
Otis Collier
Personal Success Coach (less)