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The Blog of Adam H Grimes

I teach people to make money in financial markets.

Chart of the Day: Bull flag in Gold

  • Post author:AdamHGrimes
  • Post published:08/31/2012
  • Post category:General Comments / Pullback
  • Post comments:1 Comment

Though I have written before about a potential longer-term timeframe short setup in precious metals, Gold and Silver both show overtly bullish patterns. Longs are justified on upside breakouts in…

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Some hard questions.

  • Post author:AdamHGrimes
  • Post published:08/29/2012
  • Post category:General Comments / Individual Traders / Institutional Managers/Traders
  • Post comments:3 Comments

[dc]I[/dc] want to share a few thoughts today on technical trading in general. The points in bold come from the end of the first part of my recent book, The…

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Chart of the Day: HAIN

  • Post author:AdamHGrimes
  • Post published:08/29/2012
  • Post category:Breakout / General Comments
  • Post comments:1 Comment

Long-time market leader consistently outperforming broad market, sector and peers. Check. Positive earnings surprise. Check. Several days of tight consolidation at highs. Check. This is an excellent technical setup to…

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Chart of the Day: Volume

  • Post author:AdamHGrimes
  • Post published:08/28/2012
  • Post category:General Comments
  • Post comments:0 Comments

This is a chart of NYSE Total Volume with 1 week (red) and 1 month (blue) moving averages applied. There is a seasonal pattern to volume, volatility and trading activity,…

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A little mental trick…

  • Post author:AdamHGrimes
  • Post published:08/27/2012
  • Post category:General Comments / Individual Traders / Institutional Managers/Traders / Psychology
  • Post comments:5 Comments

I want to share a quick thought with  you today--a little trick in thinking that made a big difference in my trading a few years ago. One of the problems…

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Chart of the Day: Consolidation in AAPL

  • Post author:AdamHGrimes
  • Post published:08/27/2012
  • Post category:General Comments / Relative Strength
  • Post comments:1 Comment

One of the reasons we watch and study market leaders is that they can sometimes provide clues to market direction. Yes, they often get harder than the broad market at…

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Chart of the Day: Parallel Trendline in Gold

  • Post author:AdamHGrimes
  • Post published:08/24/2012
  • Post category:General Comments / Pullback
  • Post comments:0 Comments

When markets are in consolidation (i.e., moving sideways) it is very difficult to find strong edges. Markets tend to be more random, and no consistent profits are possible in a…

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Chart of the Day: Context in ABX

  • Post author:AdamHGrimes
  • Post published:08/23/2012
  • Post category:General Comments / Pullback
  • Post comments:0 Comments

This daily chart of ABX shows a stock that may have found a bottom: after several potential bottoming formations, the rally has carried the stock the upper Keltner channel, suggesting…

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Chart of the Day: Potential Failure Test in Beans

  • Post author:AdamHGrimes
  • Post published:08/21/2012
  • Post category:Breakout / Failure Test / General Comments
  • Post comments:0 Comments

The most important levels in markets are those that are clearly visible to all market participants. The July pivot high in Soybeans is a good example of an important level…

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Working on Exit Skills

  • Post author:AdamHGrimes
  • Post published:08/20/2012
  • Post category:General Comments / Individual Traders / Institutional Managers/Traders / Psychology
  • Post comments:3 Comments

[dc]O[/dc]ne of the challenges developing traders face is learning to manage positions effectively. Think about it for a minute—how many books do you know that show patterns and setups for…

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Chart of the Day: Bear Flag in EURUSD

  • Post author:AdamHGrimes
  • Post published:08/20/2012
  • Post category:General Comments / Nested Pullback / Pullback
  • Post comments:1 Comment

The bear flag is a pattern that plays out in all markets, though it tends to resolve less clearly (i.e., with more fakeouts and false breakouts) in currencies. Why? I'm…

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Chart of the Day: Volatility Contraction in Soybeans

  • Post author:AdamHGrimes
  • Post published:08/17/2012
  • Post category:Breakout / General Comments / Volatility
  • Post comments:0 Comments

Volatility contraction is an important element of market action. Essentially, when a market has been quiet for a period of time, there is a higher chance of breakout trades working,…

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Reader question: Range or Flag in the AUDJPY?

  • Post author:AdamHGrimes
  • Post published:08/16/2012
  • Post category:Breakout / General Comments / Individual Traders / Pullback / Readers Questions / Support / Resistance
  • Post comments:1 Comment

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…

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Chart of the Day: Consolidation Near Bottom of Range in Corn Futures

  • Post author:AdamHGrimes
  • Post published:08/16/2012
  • Post category:Failure Test / General Comments / Support / Resistance
  • Post comments:0 Comments

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.…

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Reader question: Color Rules

  • Post author:AdamHGrimes
  • Post published:08/09/2012
  • Post category:General Comments / Individual Traders / Institutional Managers/Traders
  • Post comments:0 Comments

[dc]R[/dc]eader Jayram asks, "Can you tell what is the significance of the blue & red bar coloring in your charts on the blog?" Sure, Jayram. I use various color rules…

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Chart of the Day: Volatility Contraction in Corn Futures

  • Post author:AdamHGrimes
  • Post published:08/07/2012
  • Post category:General Comments
  • Post comments:2 Comments

Markets alternate between periods of range expansion (usually during trends) and volatility contraction. Breakouts from periods of volatility contraction tend to be strong, and highly directional. This chart pattern in…

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