Technical Patterns
Just a quick lesson here, but an important one. Take a look at the chart above. Was there anything that could have helped us predict the breakdown on that last bar? There's a lot going on on any chart. In this case, we had a long bull flag
Pullback
This morning, Tom says to me "Cryptos are looking like good shorts." He's right. Take a look at the daily chart of Bitcoin Cash: * Recently broke below a channel with a clear support level. * That breakdown was on good momentum. How do we measure that momentum?
Breakout
We've started a series of "quick hit" trade analysis on our MarketLife YouTube channel, done my my trading partner, Tom. These are all actual trades, with points of entry, trade selection, trade management, and exit discussed. We've gotten great feedback on this series and
Chart of the Day
Support / Resistance
Markets broadly exist in two states: trends or trading ranges. In other words, a market is happy with the current price (and accepts it) or is moving to another price. Of course, this makes everything sound a bit more predictable than it actually is: trends can seemingly go on forever,
Breakout
I firmly believe the best trading lessons come from the market... and the best of the best trading lessons come from your own work and trading. Let me share some recent trades we published for our MarketLife clients. Below, you'll find every trade we published as part of
Breakout
Breakout
Good pattern to commit to memory. Probably not a great idea to initiate positions before earnings, but this is also not the only stock with this pattern right now...
Breakout
Glenn comes back today with another good question. Here's his full, unedited question: If your system has you trading a certain way and you can execute those trades with precision life is great right( huh maybe not) .... So let say you job is to enter a trade and
Breakout
I'm convinced that one of the biggest lies of traditional technical analysis (TA) is that "you can apply any tool to any market or any timeframe with the same results." These claims are usually "backed up" with a few examples of an indicator slapped
Breakout
One of the tools I use to evaluate market action is the standard deviation spike, which expresses each day's return a standard deviation of the previous 20 trading days. (This tool is also discussed in The Art & Science of Technical Analysis .) This gives an important perspective on
Breakout
The most important levels in markets are those that are clearly visible to all market participants. The July pivot high in Soybeans is a good example of an important level to watch. A failure test (think 2B short entry) at this level would present a serious challenge to the integrity