You will learn:
1) How to become a better NASDAQ 100 and S&P 500 trader by following 30-year U.S. Treasury bonds.
2) How to become a better FOREX trader by watching the NASDAQ 100, S&P 500, bonds, gold and crude oil.
You will learn through studying actual day trading diary entries.
Visit Muehlberg's website at DayTradingWithLinesInTheSky.com
Highlights:
In his Quick Introduction, author and trader R.L. Muehlberg presents his day trading diary entries leading up to and including the February 27, 2007 equity market crash and leading up to and including the March 21, 2007 equity market surge. You will see how the NASDAQ 100, S&P 500, 30-year bonds, Euro FX, gold and crude oil interacted during those intense days. You will have in your hands a primer that is dense with trading ideas and includes over 50 linear regression charts.
Muehlberg's day trading approach, the "lines" approach, uses linear regression channel LRC analysis, intermarket analysis and time-of-day analysis to visualize potential price paths, objectives and turning points. The approach uses multiple channels across multiple time periods and instruments, so it adapts to volatility. See how often prices turn with pinpoint precision along linear regression channels.
A lines trader looks for a one-day trend or at least a sharp run. You may find one on the edge of the day (before 10:30am ET) or inside the day (after 10:30am). You will be looking to go long when a 1-day linear regression channel is pointing up; buy the 1-day buy-line ... buy the slow moving average. You will be looking to go short when a 1-day channel is pointing down; sell the 1-day sell-line ... sell the slow moving average. Follow this advice in context, not blindly. 1-day channels can be volatile. They can also be exceptional trading guides. If a 1-day channel points down then don't go long. Points up, don't go short. You want the cleanest trades.
