Pullback
Chart Reading Isn’t About What’s Right. It’s About What Works
What’s the right way to read chart structure? That’s the wrong question. This post explains why context and utility matter more than correctness in trading charts.
pullback
Anti
Selective Intraday Trades: A Deep Dive Into the Snap Pullback
Today, I want to share a trade in the S&P futures market. Here’s what I hope you’ll get from this short blog post: * A deeper understanding of the snap pullback * A real-world example of that trade, with thoughts on setup, entry, and trade management * Some thoughts
Pullback
A bear flag in Treasuries: a good setup and a clean trade
Sometimes I think the world probably does not want to see yet another blog from me illustrating yet another basic pattern… but these “basic patterns” can be wildly profitable. You can build your entire trading career around this one, simple pattern. The attached chart shows a recent pullback in 10
Individual Traders
The most important things
Sometimes, it’s hard to know where to start. When we look at charts or go to the market for trading ideas, thousands of pieces of information compete for our attention. In this post, I’ll share a look at some of the key technical factors I consider when making
Pullback
Bear flags in cryptos
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?
Pullback
A good pullback setup in the USDCAD
Just a quick post here, under the heading of “simple things work.” Take a look at the chart of the USDCAD below. This is a picture perfect short setup, and there are several lessons we can take from it. The setup There are a few key components to the setup.
Pullback
Why Bitcoin was a clear short
On 4 December, I fired off a quick tweet that generated a lot of discussion in my Facebook and email inboxes. (Curiously enough, not so much discussion on the tweek itself.) The tweet was just a quick snap of a daily and intraday chart of Bitcoin (BTCUSD) with the caption
Pullback
Why were we focused on NZD trades?
A week ago, I pointed out trade setups in NZDUSD and many NZD crosses to my MarketLife and Talon clients. Of course, one issue currency traders need to consider is correlated risk; if you take a bunch of trades driven by one particular currency (even if that currency is the
Breakout
Price action triggers: how much patience is too much?
Take a look at the chart below. We were looking to enter a short in gold (or silver), based on the long downtrend, and then a bounce that was likely setting up to be a bear flag. We also knew that there was reason to be cautious and to expect
Pullback
Stalking a trade--patience
So many of us get into trading for action and excitement. (That was one of the things that drew me to trading, years ago.) But what it takes to be successful is often the exact opposite--the patience and willingness to do nothing at all, until the time is right. We
Pullback
How and why we were short GGAL, a major Argentinian bank
I have a confession to make: I’m trying to learn to do better marketing. I’m not the kind of person to brag about success—one of the reasons for that is probably a “gentle superstition” borne out long experience which tells me that any kind of hubris is
Nested Pullback