General Comments
[dc]M[/dc]y blogging this week turned into a bit more of a stream of consciousness exercise than I'd expected; I needed more words to make fewer points than I'd hoped, and I thank you, faithful reader, for sticking with me for the journey. If
Pullback
[dc]I[/dc] want to share a brief look at longer-term market structure in the Canadian dollar today. We have a situation in which a few timeframes appear to be in conflict with each other. Perhaps there is a trading opportunity, but there certainly is a good lesson. There are
General Comments
[dc]I[/dc] wanted to take a look at a short trade in gold we closed out yesterday in my research report I write for Waverly Advisors. There are a few good points here to consider: some stuff on multiple timeframe setups, managing trades with an eye to probabilities and
General Comments
[dc]T[/dc]oday I want to follow up on my previous posts on the rally in the Indian stock market and think a bit about how to balance technical and fundamental factors. Not so long ago, the idea that anyone could figure out anything from looking at patterns on
Failure Test
[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
General Comments
Some ideas and patterns that could lead to good trades or tests for the two forces.
General Comments
Two simple forces behind all price patterns and price movements.
General Comments
One possible issue with "overnight" gaps affecting short-term patterns on ETP charts. Consider carefully whether you should be using futures or cash instead.
Failure Test
This video blog is a follow up from this post, and digs into some of the details behind the Failure Test trade in a little more depth.
Failure Test
[dc]I[/dc] want to do a small series of posts looking at some of the most important trading patterns I've used over the years. Rather than go in-depth with multiple examples, I'll keep these posts as a high level, introductory overview and will focus only
General Comments
Though I am leaning pretty short on the overall market, any time you have a large one-sided bet on the market, it's always good to have a "go to" list for if those setups fail. VZ is interesting to the long side: * Market leader on our
Anti
[dc]T[/dc]his chart shows an Anti pattern in the chart of Apollo Group, Inc (Nasdaq: APOL). This is an important trend termination that often leads to some very clean trades. This is a repeatable pattern in all timeframes: * A: Overextension. (In this case 3 pushes and climax beyond