Chart of the Day
I am deeply suspicious of most indicators, most of the time. Indicators (with a few exceptions) reprocess the same open, high, low, close, and maybe volume data, and present it in a different format, usually with the addition of a good deal of lag. However, sometimes indicators can reveal structure
Chart of the Day
Do you trade spreads? If not, you might ask yourself why not. This is a longer-term chart of the performance of Consumer Discretionary stocks (XLY) relative to the broad market (S&P 500, SPY). A few points: trends in spreads can persist for many years, and can be much
General Comments
[dc]T[/dc]oday I want to continue from last week's post on Fibonacci ratios, and wrap up with a few thoughts and conclusions. That post was very heavy on data and charts, but the conclusion is pretty simple: at least in this sample of market data, using
General Comments
Andy asks "Why are you doing a free course? Won't that take away from your edge as a trader and maybe things will stop working? Has it already stopped working? What are you trying to get out of this? What's your angle?" [dc]G[
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[dc]I[/dc] want to share the thinking and reasons supporting a technically-motivated short position in Treasury Futures. I think it is possible to simplify the trading of patterns too much, and to imply that all a trader has to do is to simply execute some basic patterns and make
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[dc]I[/dc] want to share some more information about the training course I am creating. I have been planning to do this course in a few different ways in a few different contexts over the years, and I will be borrowing substantially from material that I've used
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Warning: this blog post is not appropriate for all readers. You may find it challenging or disturbing, especially if you are not open to questioning some long-held beliefs. Reader discretion is advised. Now that we have the (obviously joking) disclaimer out of the way, I want to continue looking at
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A simple list of trading rules can help shape behavior and fix errors in your trading.
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Thinking about how to build a test for Fibonacci ratios in market data.
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A list of rules for traders and risk managers.
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An outline of the upcoming trading course.
General Comments
The mind is a pattern finding machine... and that's not always a good thing.