General Comments
Know Your Tools
Make sure you understand everything nuance of every tool you use in your trading
General Comments
General Comments
Chart of the Day: Small Consolidation in Gold
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
Chart of the Day: Managing the Failure Test in AAPL
The failure test trade in AAPL develops.
Failure Test
Chart of the Day: Failure Test in AAPL
A failure test in AAPL gives a long entry.
General Comments
The Road to Mastery
A look at the stages a trader may go through on the road to mastery.
General Comments
Chart of the Day: Nested Pullback in Crude Oil
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
Yes, Virginia…
[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
Reader Question: Why Sell a Book?
Why would anyone spend a year writing a trading book?
Breakout
Chart of the Day: Moving Stops with Confirmation
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
The Market is Not a Math Problem
Human behavior drives markets. Apply quantitative techniques with caution.
General Comments
Chart of the Day: Market Scan
A market scan.
General Comments
Chart of the Day: Multiple Inside Days in FRX
Two inside days can set up a good breakout trade.