MURPHY'S TEN LAWS OF TECHNICAL TRADING
HANG IN THERE - JOHN WILL BE BACK NEXT WEEK... John is currently in Europe speaking at two different conferences. He will be back next week. In the mean time...
A GOOD TIME FOR A REVIEW... I wanted to take this time to make sure that all of our Murphy members were aware of the series of articles on "John Murphy's Ten Laws of Technical Trading" that we've been publishing in the free "ChartWatchers" newsletter.
First off, here's the link to John's original article that now lives in our "ChartSchool" area:
The Ten Laws of Technical Trading
It's always a good idea to review (and re-review) that article periodically. You can always find it in "ChartSchool" under the "Trading Strategies" link.
NINE DOWN - TWO TO GO... While John's description of his ten laws is very well-written, it is also fairly concise. To help people understand John's points better, we have been publishing expanded versions of each law in our free newsletter. Each article focuses on just one of John's laws and includes an expanded definition of the law as well as example charts and techniques for applying that law in every day use.
So far, we've covered nine of John's ten laws (actually there are eleven laws!). Each article is currently located at the top of previous nine newsletters. To help you review them, we placed links to each article below. (Note: After clicking, you may need to scroll down a little bit to get to the actual article):
LAW #1: MAP THE TRENDS
LAW #2: SPOT THE TREND AND GO WITH IT
LAW #3: FIND THE LOW AND THE HIGH OF IT
LAW #4: KNOW HOW FAR TO BACKTRACK
LAW #5: DRAW THE LINE
LAW #6: FOLLOW THAT AVERAGE
LAW #7: LEARN THE TURNS
LAW #8: KNOW THE WARNING SIGNS
LAW #9: TREND OR NOT A TREND
We'll publish the final two articles in this series during the month of November. If you are not already subscribed to our free newsletter - ChartWatchers - you can sign up using the form on this page: https://stockcharts.com/corp/subscribe.html
- Chip Anderson
