“Overbought” and “oversold” are words without precise definition. Nevertheless their connotations are clear enough. Even poorly-managed, heavily indebted or loss-making company can become oversold and too...

One Overbought/Oversold method, the trend channel, attempts to remedy the deficiencies of Stochastic by recognizing trends. Unlike Stochastic, where maximum and minimum are determined by the fixed high and low of the recent...

Note: In the next three lessons you will be shown, in detail, how to construct proprietary indicators for yourself. You may wish to set up your own spreadsheet to calculate these indicators. However, the calculations presented...

If the benchmark is considered as a target which is measured against itself, then the benchmark’s defensive and offensive scores are always equal to 100. For that reason, the benchmark is always located at the center of the...

A number of years ago, shortly after I had worked out the calculations covered in the last two lessons, I showed my business partner the results. He took one look and asked, “Why don’t you show the way the target...

Editor’s Note: This is an excerpt from Toni’s very readable book, A Beginner’s Guide to Day Trading Online. Experts say good sex is 10 percent in your body and 90 percent in your head. Believe it or not, good...

Many traders quickly come to acknowledge that despite being familiar with winning strategies, systems, and money management techniques, trading success is dependent on one’s psychological state of mind. If you’re a...

Every successful trader with longevity in this business has developed his or her own unique methodology that offers, at its core, an edge. Make no mistake, trading is a competitive business. An edge provides you with an advantage...

Every trader brings along the habits, ideas, biases conceptual framework and value structure–in short, all the baggage–accumulated over the years prior to becoming a trader. It is said that we already are what we will...