Segunda Parte de NUEVO VIVIR DEL TRADING de Alexander Elder.
Summary
This episode covers the second part of Alexander Elder's "New Life with Trade," focusing on general market indicators like the New Highs minus New Lows (NH-NL) index and the percentage of stocks above their 50-day moving average. The host explains how to use these tools to gauge market leadership, identify trend reversals, and time entries using daily, weekly, and shorter-term variations. The discussion also addresses consensus indicators, such as financial press sentiment and CFTC position data, emphasizing that extreme consensus often signals impending trend changes. Finally, the episode …
Topics discussed
Introduction to market breadth tools
NH-NL indicator: basics and interpretation
Operational rules and divergences for NH-NL
Short-term NH-NL windows and weekly charts
Percentage above 50-day moving average
Media sentiment and financial journalists
CFTC reports: commercials vs speculators
Short interest and days to cover
Insider trading and corporate directives
Mechanical trading and psychological challenges
Triple Screen system: first filter
Triple Screen: entry tactics and stops
Impulse System: inertia and power
Moving average channels and Bollinger Bands
Volatility, globalization, and stock selection
Options trading: buying vs selling
CFDs, Futures, and Forex markets
Forex risks and broker conflicts of interest
Risk management: the 2% rule
Position sizing and the 6% rule
Stop loss strategies and safety zones
Trade journaling and performance metrics
Scanning for trades and psychological self-assessment
APGAR for operations: strategy checklist
Deliberate practice and community resources
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