Breakout
Support / Resistance
Failure Test
Hidden in plain sight: trading multiple timeframe influences
Multiple timeframe analysis is almost a buzzword in technical analysis. I have been involved in markets actively for two decades, and have been an active participant in dialogue about markets for most of that time. It is interesting to see different techniques take the spotlight as groups of traders hold
Support / Resistance
An easy way to avoid some losses
I can get right to the punchline, and make this a very short blog post: don't trade when the market you trade is in consolidation; more specifically, do not trade when the timeframe you trade is in consolidation. The "small losses" that accumulate when we trade
Failure Test
Followthrough matters: using subjective analysis in the S&P 500
I've focused quite a bit here on quantitative aspects of trading and market analysis, and I've also just scratched the surface of the thorny subject of intuition. Today, I want to look at something slightly different: how we can use some subjective elements in our analysis,
Failure Test
Failure Test Followthrough in the EUR
[dc]T[/dc]he chart above is a daily chart of the EURUSD. I've written before about some of the challenges with using technical analysis in currencies—it's not that it can't be done, but it does require, in my opinion, a slightly different
Breakout
Pattern Development in the GBP
[dc]A[/dc] few weeks ago, I discussed a possible impending breakout in the British pound in this post. This is a good time to take another look at the pattern, how it has developed, and see if we can derive some trading ideas. First, the driving concept here is
Breakout
Precious Metals in the Spotlight
Silver is sitting on long-term support, with good potential downside below. There are a few things to think about here: First, this will not be a clean or easy trade; this is a trade that we have been stalking specifically for nearly a year, and have been leaning heavily short
Breakout
Interesting Technical Pattern
[dc]C[/dc]urrencies have been difficult technical trading for the past several quarters. This is partly due to the nature of currencies—though there is a lot of TA lore about currencies trending fantastically well, they also go through really choppy periods. Though currency prices are set by supply/
Failure Test
Chart of the Day: Pattern Breakdown in Corn
Grains have had dramatic uptrends for most of the summer. At A on this chart, we were looking at a possible long entry—had prices quickly recovered back above the bottom of the range, this would have been a classic Wyckoff spring, and a strong signal to buy for at
General Comments
Chart of the Day: Spring Setup in Corn
Corn is engaging the broad support zone at the bottom of the range. Watch for reversals and enter long positions on strong upward closes, which would put in classic Wyckoff springs. Close stops and active position management are essential—if the trade works it should move immediately and smartly higher,
Breakout
Reader question: Range or Flag in the AUDJPY?
Reader Greg asks this question: [dc]R[/dc]egarding your Chart of the day: Bullish Pattern in Aud/Jpy, which as you predicted broke out to the upside. My question is simple...why did you draw it like a flag and not like a range... and how did you spot
Failure Test
Chart of the Day: Consolidation Near Bottom of Range in Corn Futures
Two things to note on this chart of Corn futures: 1) The clean failure test above the summer's highs, followed by a sharp selloff to the bottom of the range. 2) Price is unable to rally strongly off of the support at the bottom of the range. This