Chart of the Day
Chart of the day: bear flag in Treasury futures
A market that is often a focal point for political opinion, fears, and speculation. None of that is necessary when your trading plan has an edge...
Pullback
Chart of the Day
Chart of the day: bear flag in gold
Chart of the Day
Chart of the day: large bull flag in NYSE:X
Chart of the Day
Chart of the day: trend conflict in gold
Pullback
More trading lessons from copper
I thought it would be interesting to update this post, which was a fairly in-depth look at trading some pullbacks in copper. If you haven’t read it, go read it first, and if you read it a while ago maybe glance at it again so that what follows will
General Comments
Simple things work
Over the past few weeks, I've been hanging out a bit more in internet trading rooms and groups. It's been a good reminder of the kinds of questions and mistakes people make as they are learning about markets. Room moderators strut (including one who told his
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Trading lesson: copper futures
Recent action in copper futures gives us some market lessons. These can be adapted to other markets and timeframes (so if you just trade stocks or currencies, don’t skip over this because it’s a futures market!) I’ll try to keep this as short as possible, but there
Pullback
Three steps to make sure you never miss that move
I've written a few posts recently about doing the right thing and the pain of missing moves. Sometimes very simple concepts can get us far, and I want to propose a simple solution to the problem of missing moves, and show you a way to fix this problem.
Pullback
AUDUSD: Short-term inflections or trend change?
One of the key challenges for discretionary traders is balancing short-term and longer-term information. Err too far on either side, and bad things will happen: Focus too much on short-term, and we are overly responsive to every jiggle of the market, constantly stopped out by market noise. Focus too much
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What matters more than your process?
So, we live in a world in which investors are nervous. Everyone knows the Fed is going to raise rates, it's only a question of when and how much. Everyone knows that bond prices move inversely to rates, so higher rates will lead to lower bond futures prices.
Pullback
Biotech: buy the dip?
Short answer: probably not. The long answer is more instructive, so let's get started. Context matters, but what does that mean? What is context? In this case, the longer-term relative performance of the broad healthcare sector gives us some insight. The following chart, which I published in my
Pullback
One, two, three steps to shorting stocks
I want to share a quick short setup in the S&P 500 index today. This is a repeatable pattern, and draws on many elements I have discussed here on my blog, and also in my book, The Art and Science of Technical Analysis. Take a look at the