Breakout
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Trader Development
The dirty dozen: my beliefs about the market and trading
I thought it might be interesting to put together a list that summarizes my experiences, successes, failures, and the beliefs that grew out of that work. It's not a simple list, as some of the bullet points contain more than one thought. I had fun doing this, and
Individual Traders
Trading for a living: real talk
Trading for a living—this is why many of us come into the market in the first place. It's the fuel that drives a lot of marketing, good and bad, and it's an ideal to which many traders aspire. So let me just put the conclusion
Nested Pullback
Chartschool: nested flag and a short in corn
Trader Development
Do you have a pre-trade checklist?
Consistency in trading results requires consistency of process. If you are doing something different every time you trade, it’s hard to evaluate your results. A simple pre-trade checklist can help to shape what you do and to guide you toward that oft-elusive consistency. My checklist is not your checklist.
Psychology
Trading is Hard
Trading is ugly. Many of us, when we first get into the business, have the idea that the market will eventually be an ATM machine—you can sit down at the screen, do some things, and money will come flowing out. In the very long run… yeah, it sorta works
Support / Resistance
Shifting price dynamics in the AUDUSD: what shadows can tell us
Sometimes, reading market action is about putting the pieces together... building a big picture from the composite of small bits of information that might not seem terribly meaningful by themselves. For the past several weeks, swing trading in currencies has been difficult. We've seen many setups trigger, but
Support / Resistance
What can price action tell us about China?
Chart of the Day
Do interest rates scare you?
Interest rates are constantly in the headlines. When I talk to traders and investors, interest rates are one of the topics that always come up. There's a great deal of fear and concern about higher rates and about what that might do to many markets. If you'
General Comments
Come and study support and resistance trades with us this week
Hi gang. We’re rounding the corner into our last week of specific pattern focus in the Facebook group. We’ve covered with trend and countertrend trades, and looked at breakout examples last week. This week, we will shift our focus to support and resistance holding. There is obvious overlap
Breakout
A breakdown pattern in the GBPCHF, and why I don't like it!
Let’s consider some subtleties of patterns. In our Facebook group, Nenad shared this pattern, and wrote: This is a nice breakdown pattern in GBPCHF that occurs in a downtrend. We managed to break below some key levels and now I am watching for the consolidation (2 days consolidation is
Breakout
This week, come and study breakout trades with us
This week, we are switching focus in our pattern-training group to a third class of technical trades Support and Resistance breaking. Many of you may know these by a more common name: breakout trades. I want to take a few minutes of your time to challenge you to think deeply