The Hudson Sessions
Yesterday, I conducted the third installment of the Hudson Sessions—an interactive series of live talks drawn from my first book, The Art & Science of Technical Analysis. Saturday's session put trends under the microscope, diving into their intricacies with real focus and depth. You can revisit the
Technical Patterns
Just a quick post here to point out a trending pattern that should be in your toolkit. Take a look at the chart of SEAS above, which shows a particularly powerful trending pattern I have called "slide along the bands". Characteristics of this type of trend are: * It
Psychology
One of the great things about writing a daily research piece is that it serves as a good record of my thought process and perspective on markets on each and every trading day. (Hint: developing traders might try the same thing. When I was figuring all this out, I wrote
General Comments
Take a look at this picture which I took a few years ago, on a Friday afternoon, on a New York / New Jersey ferry. After a long and stressful work week (it was 2008), the gentleman in the photo was more than a little inebriated (i.e., could barely stand
Breakout
I've written on this topic before, but we just had a good example in the market, so it's a great time to revisit. Many intraday traders find that most of a month's profits come from one or two exceptional trend days in the month;
Trend Termination
Let's talk about endings today. If we can better understand the patterns that often occur when trends end, we are better equipped to manage risk, place stops, and, in general, to trade those trends. Crude oil provides a good example of a dangerous ending in a specific kind
Trading tools
Is a market trending or not? Even this simple question, which is at the heart of most of our thinking about markets, is not easy to answer. Definitions of trend are often subjective, depend on both timeframe (e.g., daily or intraday) and reference period (i.e., how far are
Market Math
Continuing from my previous post on moving averages, let's take a look at using a moving average as a trend indicator. Again, here is some material from the unpublished part of my book, on using the slope of a moving average as a trend indicator, and a look