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1. Accurate market prediction relies on your ability to:
Get up early each morning and look at your charts
See the truth whether it confirms or disputes popular opinion
Analyze price movement in more than one time frame
Toss out an indicator's message and act on informed instinct
2. What are these charts called?
Geometric Charts
Landscape Charts
Candlestick Charts
Volatility Charts
3. These charts are very important to short-term traders because they:
Make you a lot of money
Display a special message
Pack layers of complex information into a very small space
Reveal hidden support and resistance ripe for profitable entry
4. With Pattern Cycle analysis, successful trading requires little more than:
Recognizing your stock's current stage and waiting for related setup points to be hit
Sitting back and counting the profits
Knowing when to jump on momentum trades for big gains
Finding trends that remain in deep conflict with each other
5. The most important Fibonacci retracement levels are:
30%, 50%, 70%
32%, 50%, 62%
38%, 58%, 68%
38%, 50%, 62%
6. Which trading strategy would have worked best early in this uptrend?
Dip Trip
Swing
Momentum
Standing Aside
7. What's the most likely reason for the big candle from 19 to 22?
MMs put on a major short squeeze
RMDY reported great earnings
Price expands sharply when strong resistance breaks
The Random Walk in the markets
8. You've committed a costly trend relativity error when you:
Prepare and analyze in one time frame but execute in another
Throw money at momentum
Don't play by the rules you set for yourself
Search the stock boards for a hot pick
9. The entry at 95 was low-risk and high-reward because:
95 is a "Market Number"
The double top hadn't formed yet
GE is a big player in the Dow Jones Industrial Average
The more cross-verification, the better the trade
10. The break of GE's trendline means:
The rally is probably over
It's starting a big correction
The double top has been confirmed
The trendline is psychotic
11-12. The gap signals the start of a new rally or selloff while the high-volume gap ends it. 13. Opportunity directly relates to the that you have to put into market analysis. 14-15. The sharp, volatile first top and long, rounded second top that characterize this reversal is known as an . In this case, the stock also forms a classic triangle pattern. 16-18. The is the price level where your patterns, indicators and measurements point to an impending trade entry. This focal point often occurs just as price shifts from feedback to feedback. 19-21. Your long-term success as a trader will come from , rather than . Because this is true, knowing when you're 22-25. Short-term traders track intraday market swings by using these "Fibonacci-tuned" Bollinger Bands and moving averages, set to periods. As the chart above illustrates, trading a break of the range offers a classic entry strategy. But always be defensive during the and hours, when professionals play dangerous games with traders and investors. 26. Someone just mentioned an interesting stock in your favorite chat room. As you load up your charts, what steps will you take to decide whether or not to make a trade? 27. Whats happening here? 28. This CSCO rally is about to fail. What warning signs do you see? 29. What are your current trading rules and what are they missing? 30. What are the three most important elements of successful short-term trading, and why?
