Breakout
Breakout
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
Breakout
Chart of the day: longer-term support in EURUSD
Breakout
Chart of the day: range in ES
Breakout
Chart of the day: NFLX
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
Reader question: How to handle exits?
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
No, it's not all the same.
In my last post, I showed a quick test of a simple system applied to the futures markets. The point of that post was to show how a simple quantitative methodology can show us something about the market, and to apply the quantitative methodology to a trading idea which we
Breakout
Testing a trend-following approach in futures
In this post, we'll take a look at a common trend-following trading idea: channel breakouts (also called Donchian channels). I want to share with you a way of looking at market tendencies, and structuring tests of those tendencies, that I have found to be very useful and powerful.
Breakout
No, it's not all the same
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
Finding trend days in index futures
I've written on this topic before, but we just had a good example in the market, so it's a great time to revisit. Many intraday traders find that most of a month's profits come from one or two exceptional trend days in the month;
Breakout
Bullish setups in US stock indexes
I've been writing about this for quite a while, tweeting about it, pointing out the relative strength in smaller cap names, constructive sector flows, volatility compression that could support a strong trend thrust, and a number of other factors--US stock indexes are well set up for an upside