Anti
Chart of the Day: Weekly Anti in TWC
A weekly sell Anti setup in TWC contradicts the prevailing sentiment.
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General Comments
An Unlikely Skill
Being good at being wrong?
General Comments
Reader Question: How Should a Beginner Start?
Reader Mike asks: How do you think a beginner should start trading? Hi Mike. Good question, and I don't think there is one possible answer. I can tell you that the most important thing this new trader needs to do is to moderate her expectations. There are still
Anti
Chart of the Day: Gold: Set for a Breakdown?
Continued from this chart earlier this week, Gold shows further evidence of breaking down. If you do not have a position, use small daily consolidations to position short, for example, entering on a stop (or a stop-close-only) below yesterday's low. You are still essentially trading a weekly pattern,
General Comments
Reader Question: Any Backtests?
A reader asks if there are any backtests supporting my work.
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Reader question: Mean reversion in futures and different timeframes?
Adam, you say stocks are more prone to mean reversal and we know commodities tend to trend. But what about equity index futures like the ES? Are they more likely to reverse to the mean like their underlying? And does the 2 modes also depend on the timeframe you watch?
Breakout
Chart of the Day: AAPL
Volatility contraction sets the stage for a selloff.
General Comments
Simplify, simplify, simplify…
Thoughts on the value of simplicity in trading...
Breakout
Chart of the Day: Gold
[dc]T[/dc]echnically speaking, the chart of Gold is complicated and unclear. To recap: the second half of 2011 saw a sharp collapse in prices. This selloff found support around 1600 (1,550 on this back-adjusted chart), a level which was tested at least 4 times on the weekly
General Comments
A Problem with ETF Charts
One possible issue with "overnight" gaps affecting short-term patterns on ETP charts. Consider carefully whether you should be using futures or cash instead.
Anti
Short setup in Technology (XLK)
There is a clear bearish Anti setup in the Technology Sector SPDR (NYSE: XLK.) Linda Raschke first wrote about this pattern, and created the name for it. I have found it to be one of my most reliable trading patterns, and cover it in detail in The Art & Science
Failure Test
Chart of the Day: Pattern Breakdown in Corn
Grains have had dramatic uptrends for most of the summer. At A on this chart, we were looking at a possible long entry—had prices quickly recovered back above the bottom of the range, this would have been a classic Wyckoff spring, and a strong signal to buy for at