Steve has shared a dozen different trading tools, and the research that shows how they work and when to use them in ‘Money-Making Candlestick Patterns’, and ‘Money-Making Trading Systems’. Insightful market analysis and specific trading setups are provided in ‘The Timely Trades Letter’.  The tools below are helpful in tracking the current market environment.

Successful traders adapt their trading techniques and strategies to the current market conditions. The market will not adapt to us, we must adapt to it. Trading the same technique, or using the same position sizing and exit strategies in all market conditions will likely lead to poor results. In the Timely Trades Letter we select the best trading patterns and exit strategies based on the current market conditions.  Don’t risk your hard earned money on un proven techniques.

The markets price pattern tells successful traders whether to focus on longs, shorts, or cash. The Timely Trades Letter selects from more than a dozen well tested trading techniques to use the ones most suited for the current market conditions. The Letter also provides insightful market analysis that indicates key support and resistance areas where traders should take action. The Letter provides well researched information on exit strategies for different markets, adjusting position sizing based on market conditions. The Timely Trades Letter teams you with an experienced partner, a written trading plan, trading tips and techniques, specific trading setups for long and short trades, and an analysis of market conditions so traders know what to focus on and what type of trades to make.

The markets volume pattern tells successful traders whether to be aggressive or conservative. Some volume patterns indicate that traders should be taking profits, other volume patterns indicate that traders should be increasing position sizes or lengthening holding times. Volume is like the crowd noise at a football game, it lets you know if an interesting play is going on or if it is a good time to be taking money off the table. Trading without understanding price and volume patterns can expose traders to unnecessary risks and lead to wide account swings. A doctor listens to a patients heart beat and traders carefully listen to the markets volume patterns. The Timely Trades Letter provides insightful market analysis and specific trading plans based on the markets price and volume patterns.

Following the news often leads to traders being late to the party. It is tough to compete with the big funds that have full time people watching the market. Successful traders do not focus on the news, they focus on what the market and the stock patterns are doing. Any news that matters will be reflected in the price and volume patterns. Focusing on the price and volume patterns tells successful traders what real people are doing with their hard earned money, they do not have to guess how the stock may react to news, they see exactly how the market and the stocks setups are behaving and act accordingly. Each Timely Trades Letter provides trading tips and techniques to improve the trading process.

I swing trade stocks and trend trade ETFs. I set up separate accounts to trade each because the rules and techniques are different. Stocks and ETFs often operate in different timeframes which allows successful traders to diversify and spread risk across different instruments and timeframes. The Timely Trades Letter provides specific stock and ETF setups in every issue. My ETF trading techniques are outlined in chapter three of ‘ETF Trading Strategies Revealed”. My stock swing trading techniques are outlined in the books and DVDs illustrated in the left hand column of this page. The Timely Trades Letter makes use of more than a dozen well researched systems and more than 20 years of experience. Don’t trade based on guesses or hunches.

Fully tested and evaluated trading patterns are an important part of the successful traders toolbox. Testing trading systems does not guarantee future results, but it provides the trader with insight into what is likely to work and how to use it. Trading a system that has never been tested and evaluated makes little sense. We focus on testing different systems in a variety of market conditions and with different volume patterns and a variety of filters in order to develop a clear understanding of how each system has worked in the past.