August 3, '04. The right tools for the right job...


The day's first swing trend is often difficult to discern. Once that direction seems committed, traders rush to the small retracements to position for further continuance. But alas, often by the time a trend is uncovered, it's already come to an end, and for the intraday swing trader, a new one has already begun. There were two signals in the above charts that telegraphed to the observant trader that the initial bear trend exposed after the opening had,in fact, come to an end (click to enlarge). And not a single oscillator is necessary to see it. If you're trading kit doesn't have these two tools in it, then perhaps you should consider taking the course Pivots, Patterns and Self Recognition from ValhallaFutures, available at daytradingmethods.com.