Trades About to Happen by David H. Weis

Author:David H. Weis
Language: eng
Format: mobi, epub, pdf
ISBN: 9781118233627
Publisher: John Wiley & Sons
Published: 2013-04-13T04:00:00+00:00

I know of no better trading strategy than the spring. It produces short-term intraday trades and ignites many long-term trends. For risk management, it offers a way to enter a trade at the danger point where the outcome will be quickly determined and the risk is minimal. When prices move below a line of support, many traders back away for fear of greater weakness. The professional trader knows better. He watches for hesitation or little follow-through and quickly takes advantage of the situation. An understanding of the spring allows anyone to trade like a professional. And it will earn a nice yearly income.

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1 Humphrey B. Neill, Tape Reading and Market Tactics (Burlington, VT: Fraser Publishing, 1970), 188.

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