Steve has shared trading techniques at live seminars across the country, in books and DVDs,  through weekly online web seminars, and in articles published in several popular magazines. Links to some of Steve’s books and articles are outlined below.

Money-Making Candlestick Patterns: Backtested for Proven Results. I wrote this book because I found that many candlestick patterns were poorly defined and there was no information on how well they worked and what market conditions were best for using the different patterns. I also wanted to know how results varied with additional filters such as volume and length of the shadows. I wanted to know what worked and what to avoid, so I backtested a half dozen different candlestick patterns in various market conditions and also tested them using different price and volume filters. This book not only shows how to use popular candlestick patterns, it outlines how to develop and test trading patterns. This book is available on Amazon by clicking here.

Trading Declining Markets

Here’s an Effective Tool: A System for

Shorting Moving Average Pullbacks (SMAP)

Just as it is easier to swim with the current rather than against it, successful traders focus on trading with the market. They select a tool designed for shorting when the market is in a clear

downtrend, and they use tools designed for long trades when the market is clearly trending higher. The market is a powerful force. Rather than fighting it or waiting for ‘better conditions,’ the trader should select the right tools for the current conditions, a process I refer to as Market Adaptive Trading. I have several tools for use during market declines. One of these involves shorting pullbacks to a declining moving average. Pullback trading is based on the observation that trends continue, and a pullback in the trend represents a low and well-defined risk entry point. Read More...

Beyond Set-ups

Take Your Trading to the Next Level!

Take the Time to Develop the Skills

You Need to Be Successful

Trading, like most professions, requires a number of different skills in order to be successful. It takes time to develop these skills— two to five years. And there are few shortcuts if you try to do it alone. Many traders will read about a system and then use it until they have a number of consecutive losses; then they will switch to another system in a constant search for something that “works all the time.” They will continue to lose money until they realize there is more to trading than just set-ups. Some traders will use very tight stops trying to “minimize risk.” When they lose most of their money they are convinced trading is just luck. Some traders use only a single system they learned from an “expert,” and when they start losing with that system they stop trading and wonder why the system doesn’t work any more. The school of hard knocks has

taught me that there are several aspects to trading beyond set-ups that successful traders must master. Read More...

How to Take Money from the Markets, Creating Profitable Strategies. Trading is a statistical business that requires a variety of tools in order to manage risk and adapt quickly to changing market conditions. Put the stats in your favor with the backtested, proven trading systems presented in Steve Palmquist’s new book. Palmquist uses the results of his extensive backtesting techniques to smash many of today’s popular trading myths and get down to the truth -- while handing you six complete trading systems, including exactly how and when to use them. Each system has been analyzed and tested in various time periods and market conditions using specific rules and various filters, all in order to determine how and when each system is most effective. Palmquist shares all of the research and results with you to reveal the design, development, and testing that goes into creating profitable trading strategies. You will learn:

1. •How to determine market conditions,
   

• Four key things to look for in   backtesting results,

• How to use Bollinger bands to trade overbought and oversold stocks,

• How to play pullbacks and retracements in trending stocks, volume accumulations, and distribution patterns,

1. * Short positions in overbought stocks
   

2. * Long positions in oversold stocks.
   

3. *Long positions in declining volume pullbacks of up-trending stocks
   

4. *Short positions in declining volume retracements of down-trending stocks
   

5. * Short positions in distribution highs
   

6. *Long positions in accumulation lows
   

Smart traders will realize that making predictions about the market is a losing battle. Learn to observe and determine market conditions—then simply select the tool that you know works the best, and see how profitable this kind of market adaptive trading can be.

Plus complete instructions on which market conditions increase the winning percentage of each system and which conditions to avoid.

"Very good set ups with favorable risk/rewards for short-term swing trading."

"Impressed by his meticulous methodology and logical approach."

"It's very methodical and practical with statistics to back it up. No confusion as to how it performs."

Test Period Market Type   Winning %Annualized ROI# of Trades

08/13/04-12/31/04        Bull62.9           123       124

07/21/06-11/24/06        Bull68.6            88       138

03/14/07-07/20/07        Bull   64            85       117

08/17/07-10/09/07        Bull  69.7           158       43

03/17/08-06/05/08        Bull64.2             71       98

07/16/08-08/18/08        Bull56.2               5       16

Winning Percentage above 62% in 5 of 6 bullish markets

Market Adaptive Trading:

Each of our trading systems is tested in a number of different bullish, bearish, and trading range markets. The next three years in the market is unlikely to look like the last three years, testing in calendar periods provides little actionable information. Whatever the market does in the next three years it will be made up of a series of bullish, bearish, and trading range periods. These periods are recognizable when they occur and so we can select the most appropriate tools based on the current market conditions. This is a process called Market Adaptive Trading, and is more fully discussed in the books and DVDs shown in the left column of this page. We must adapt to the market because the market will not adapt to us.  If you want to learn how to trade with the market instead of fighting it or relying solely on luck then subscribe to the Timely Trades Letter today and gain an experienced trading partner who will show you how to read the market and trade different patterns based on  the current market conditions.

We have tested and evaluated swing trading systems for pullbacks, retracements, topping and bottoming patterns, over bought stocks, over sold stocks, and a variety of candlestick patterns. Each of these techniques has been tested over multi year periods and, more importantly, in different market conditions. This allows us to adapt our trading style, exit strategies, and risk level to changing market conditions. When you are ready to learn from experience, subscribe to the Timely Trades Letter.