General Comments
Sometimes, important technical patterns are easy to miss. A small bar near the extreme of a recent thrust (near the extreme means near the low of a downthrust or the high of an upthrust) can often function as a small consolidation. It is possible to initiate shorts on a breakdown
Failure Test
The failure test trade in AAPL develops.
Failure Test
A failure test in AAPL gives a long entry.
General Comments
A look at the stages a trader may go through on the road to mastery.
General Comments
Crude Oil is consolidating lower following the break of the trendline. This pattern is perhaps more clear on the weekly chart, but it appears to be a small daily consolidation pointing lower. I used the term "nested pullback" in The Art & Science of Technical Analysis to refer
General Comments
[dc]I[/dc]t's nearly impossible to go a day in December without hearing the phrase "Santa Claus rally." There is an impression that the market tends to rally into the end of the year, and that we can count on that. Many explanations have been
General Comments
Why would anyone spend a year writing a trading book?
Breakout
Too many times, when people talk about "trading patterns" they are focusing on entry patterns. Yes, it is important to have patterns that show a positive expectancy, but the decisions made after trade entry, what we call trade management, probably contribute more to profitability than entry location. Some
General Comments
Human behavior drives markets. Apply quantitative techniques with caution.
General Comments
A market scan.
General Comments
Two inside days can set up a good breakout trade.
General Comments
[dc]I[/dc]n an earlier post, I wrote of the need for simplicity in trading. I suggested you could probably throw out the vast majority of the tools you use and the things you look at, and your results would likely improve. There is a problem with this plan,