ProTrend ProFiles

How Far the Market Could Fall

Charles Schaap August 23, 2013

The general market started the week on a down day, but two of the indices closed higher by week's end. The Nasdaq gained +54 points (+1.5%), the S&P rose +7 points (+0.45%), but the Dow fell -73 points (-0.49%). Despite the mixed results, it was a…

The Three Most Important Elements of a Trade

by Charles Schaap May 17, 2013

It's hard to trade successfully if you don't consider these three important elements of a trade--Context, Direction, and Timing. Most of us start looking to enter a trade setup based on some timing, or trigger, event. It might be a new high in price…