Pullback
Pullback
Pullback
When Good Setups Go Bad
One of the best setups I've seen in the currency markets was (note: past tense) the EURCHF. After a multi-month uptrend, the currency pulled back into a picture-perfect bull flag. One of the few negatives arguing against a long trade was that the cross went a little parabolic
Pullback
A Trading Lesson in Pullbacks
I have found, over the years, solid results from trading a handful of patterns put in the proper context. Perhaps the most useful of those patterns in the pullback, which is simply a pause in an ongoing trend. Of course, how well you do trading pullbacks will depend on a
Anti
Video blog: Trading Lessons from WNC (anti, flags, momentum, and trade management)
Chart of the Day
ChartSchool Video: a flag failure in UPS
Check out the free trading course at MarketLife for more information on these types of patterns. You can have my market analysis and insights for less than a dollar a day. Check out a MarketLife Plus subscription today, and know that you are covered by our 100% no-risk, "Free
Pullback
Thinking two steps ahead
It's easy to understand how there might be a pattern in the market that shows we have an edge or a reason to put on a trade. Maybe some combination of factors or patterns shows us that a market is more likely to go up over a certain
Pullback
Choosing the best pullbacks
Trading is a game of choices. Over time, we hope to make more good choices than bad. Sometimes, the choices are obvious: control your risk, take disciplined trades, be mindful of correlated risks, but other times the factors that separate good from bad decisions are more subtle. Today, let'
Chart of the Day
Chart of the day: bear flag in URA (Uranium)
Chart of the Day
Chart of the day: bull flag in US stocks (S&P 500)
Chart of the Day
Chart of the day: flags in DIS
Chart of the Day
Chart of the day: pattern failure in gold
General Comments
Chart of the day: complex bull flag in CADJPY
For swing traders, the real challenge may be choosing the best Yen-driven trades over the next few weeks or months.