Support / Resistance
Latest
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
Technical Patterns
Reader question: still confused about chartreading...
Here’s a question from Alexander: I understand TA to some degree, I studied your book and the wonderful video course. But sometimes I can still look at a chart and not have a proper bias to as of where the price will continue to go. I can make an
General Comments
This week, come and learn about a new trade type: trend termination
This week, in our pattern analysis group, we’re looking at Trend Termination plays. This terminology might be a bit confusing at first. It stems from a system I came up with when I wrote my first book, under which I noted that we can categorize all technical, directional trades
General Comments
Does anyone really succeed at trading?
There’s an interesting discussion over on my MarketLife forum, in which someone asked the question “does anyone really succeed at trading?” This snippet pretty much summarizes his question: What if trading is an illusion that cannot be mastered at all? Do you know (personally) anyone who lives from trading?
General Comments
Here's an opportunity to share trade setups, ask questions, and learn (for free!)
I’ve been quiet on the blog recently, but Tom and I have been hard at work coming up with some new and exciting things. While we have some great things on the horizon for our MarketLife clients, I want to share something with you today that is completely free,
Pullback
Video blog: trade location, in bases or trends?
Chart of the Day
A look inside MarketLife Premium
I want to share this video with you, which is the stock market analysis I recorded for my MarketLife Premium clients for 6/5/18. Why am I sharing this? Well, yes, there's the obvious reason that I'm excited by what I'm doing and
Trader Development
How to think about your trading decisions
One of the things I’ve been thinking about recently is how to evaluate the quality of our decisions. This is a topic that traders probably don’t think enough about. Furthermore, much of the traditional advice is very bad and actively works against the trader trying to correctly evaluate