General Comments
(Continued from this post.) I left you yesterday having discussed filtering for volume and activity and volatility. Today, let's dig a bit deeper and, first, look at filtering for certain other trading characteristics, then let's ask some of the questions that we always should ask when
General Comments
[dc]A[/dc]ttention is a precious resource. None of us, whether individuals or institutions, have an unlimited supply of attention. Part of the process of trading successfully is figuring out where to focus that limited attention. Part of this is dynamic; as trades develop we are able to spend
General Comments
...the video blog I posted last night has some good information on subjective pattern recognition and trade management, along with some specific comments on the art aspect of trading. It is a bit long for a video blog (thirteen minutes), but I think it significantly extends the discussion.
General Comments
Continuing from yesterday's post, I thought it might be interesting to review some trade setups I posted here this month (here and here, but also this post on the euro is also relevant). The video blog is about thirteen minutes long, but the point is not to review
General Comments
A good reminder that sometimes more information is not the answer. (MartinKronicle) A little out of date (my fault for missing last week's link update), but a point that must be made. Be careful of simple analyses like this, and be very careful when anyone talks to you
General Comments
[dc]M[/dc]uch of my writing here has focused on quantitative tools and ways to look at data. I have called for higher standards and have questioned many of the established tools of technical analysis. I will continue to do that; we're actually going to dive deeper
General Comments
[dc]I[/dc] distinctly remember my first trades: the months of fevered study and preparation, the excitement of filling out those first brokerage forms, getting the first statements in the mail, and then the overwhelming rush of picking up the phone to put on those first trades. Though I had
General Comments
[dc]I[/dc] have written a lot this week, much of what I wrote calling for critical attention to traditional technical analysis. I thought it might make sense to end the week by stepping back, putting things together, and showing some tools and ideas on charts that do work. So,
General Comments
[dc]M[/dc]y blogging this week turned into a bit more of a stream of consciousness exercise than I'd expected; I needed more words to make fewer points than I'd hoped, and I thank you, faithful reader, for sticking with me for the journey. If
Chart of the Day
Here are a few trading ideas. Some may be immediately executable; some may need to go on a watchlist. In most cases, these are consolidation plays and could be entered on short term breakouts (e.g., breakout of previous day's high, if looking to buy). There's
General Comments
So, after laying out the early steps and missteps of my trading journey (here and here), I left you yesterday when I was a technical analysis junky. Let's begin there, and I'll explain how I came to some very hard conclusions about technical analysis. (Apologies in
General Comments
Yesterday I wrote a bit about my path to becoming a trader, focusing heavily on my background. That post might have been pretty light on application and concrete market tie ins, so I want to focus today on a few of the things that I think helped me find my