Tag: Trading Advantage

How to Pick Intraday Market Direction

Posted on by The INO.com Team

Trader Larry Levin, President of Trading Advantage LLC, has agreed to share one of his favorite trading tips as a special treat to our viewers. Determining the direction of the market can be tricky, and just plain confusing at times. Get Larry’s expert opinion on how to keep it simple. If you like this article, you won’t want to miss his secret one-time framing technique!
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How to Pick Intraday Market Direction – the 80% Rule

Let me introduce you to one simple technique I've used to pick intraday market direction with 80% accuracy.

Would you like to know if a particular trade has an 80% probability of working? Would you like to know exactly where to enter that trade, and where to exit? Would you like to trade this technique with a 2 point stop loss or less? Continue reading "How to Pick Intraday Market Direction" →

Secret Trading Tip #19 Candlesticks & Engulfing

Posted on by The INO.com Team

Last time Larry Levin was a guest on the Traders Blog, we received a ton of great feedback. So, we decided to ask Larry if he'd be interested in sharing another one of his trading tips. Of course, he was happy to send over another. Today' tip is on engulfing patterns, a commonly found candle-stick setup. Be sure to comment with your thoughts and visit Larry for more trading pointers.

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Candlestick charts have all kinds of potential patterns that technicians are watchful for. One of the easiest to spot is an engulfing pattern. This set-up consists of two candlesticks, one of which is “engulfing” the previous one. That means the body of the second candlestick is longer than the first one. It doesn’t have to extend beyond the wicks of that first candlestick, just the real body.

Spot an engulfing candlestick and you might be seeing a reversal signal Continue reading "Secret Trading Tip #19 Candlesticks & Engulfing" →

How to Determine Where the Real Support and Resistance is Everyday

Posted on by The INO.com Team

Larry Levin is no novice to the markets, in fact he's a pretty well-known by traders worldwide. We've asked Larry to give Trader's Blog readers some tips he uses to find daily support and resistance levels and he gladly agreed. Be sure to comment and let us know what you think and some things you use to find key market levels.

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Secret Trading Tip #29
From the Desk of S&P Trader Larry Levin, President of Trading Advantage LLC

How to Determine Where the Real Support and Resistance is Everyday

Understanding support and resistance levels is an extremely important skill in any market, and it's absolutely critical if you plan on trading the S&P and NASDAQ E-Mini markets. Professional floor traders are aware of an entire range of major and minor support and resistance levels before the market opens each day. They also know how to calculate new levels as the trading day progresses. Continue reading "How to Determine Where the Real Support and Resistance is Everyday" →