On Friday 7th February
Alan's audience enjoyed one of the most
enlightening sessions on how he trades the NASDAQ. This Seminar on CD features
Alan explaining the Technical Setups that he trades and you can too.
Throughout the seminar, and as most were
interested in Level 2 as well as TA, Alan discussed how he fine tunes entry and
exit by interpreting the level 2 screen.
Alan Rich is a full time Daytrader who makes his living
taking frequent profits from the NASDAQ stock market, which can be traded from anywhere in the world,
with a suitable Internet connection and trading account.
At the seminar Alan explained how you can trade the NASDAQ during the
evening from the UK whilst not affecting your day job!
Alan used to trade the UK markets but became disillusioned with the the lack of
liquidity and wide spreads from UK market makers. Alan started trading the
US markets by tracking down the 'best in the business' - a trader who makes more than a million dollars each year. Alan tells us about the lessons and techniques he learned from this trader and how anyone can use the tools of the Daytrader to help place better longer-term trades.
The seminar revealed how Alan uses Technical Analysis to find likely target
trades. He stalks these likely movers and then places his trades based on the TA
set up from his charts once the set ups have been found Alan then interprets
price action on level 2.
Reading of level 2 confirms exactly where and when to place the
trade. Level 2 can be difficult to interpret but Alan teaches how to see what is
actually happening in the market. Level two moves are eventually seen on the
chart - but Alan, and his students, have placed their trades before the
chart pattern shows up!
During the seminar, whilst explaining Technical Analysis, Alan showed several
examples of false breaks - The chart pattern looks good and then the break out
takes place but the price rapidly reverses leaving all those who got in based on
the chart pattern with an immediate loss.

The level 2 screen lets you into what the market makers are doing.
By observing
how the order flow is being taken up and the relationship between the bid and
ask volumes false breaks can be seen
before the move takes place on the chart!
This new CD, NASDAQ and Level 2, plus TA and the Nasdaq,
click here for details - includes Alan's presentation on level 2
together with original video of the seminar concentrating on trading with level
2.
Plus Alan agreed to an interview in which he explains how he got started
on trading and his trading process and philosophy.
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