The power of an inside bar
Just a quick lesson here, but an important one. Take a look at the chart above. Was there anything that could have helped us predict the breakdown on that last…
How to Trade Support and Resistance Levels
This is a continuation of a recent blog post in which I introduced the MarketLife PowerLevels. These levels are predicted support and resistance with a robust quantitative edge, available on…
Introducing PowerLevels
Levels are everywhere in trading. There are thousands of ways to find, define, use, and misuse levels. Many levels simply don’t have an edge. In this blog post, I want…
Reader question: What is KPos?
Kpos is short for "Keltner Position" and it boils down many elements of price action into a single number. I want to share some ideas for using this powerful tool,…
How to Get Started Trading? Answer #1: the Casual Approach
I received a question from a reader, Cian, who asks: … My goal is to become a career trader. I am 30 years old and I am currently unemployed due…
A trade I usually skip. Time to rethink?
Today, I want to share some thoughts I’m having on a pattern I usually skip in my own trading. I’m wondering if maybe these are trades I should be taking……
What is the Dominant Technical Factor?
When I discuss a chart or market, I often talk about the “dominant technical factor.” This is a useful concept that can help anyone, regardless of your experience level, to…
Failure is NOT always an option
Patience is a critical skill in trading. But, like everything, balance matters. Being “too patient” is as bad as being impatient. How do we find the balance? One answer is…
Different markets are… different
What is different and what stays the same? This is one of the key questions traders who trade on different timeframes or in different markets face. We often hear the…
This is how breakouts work: lessons from the S&P 500
Just a brief blog post here to share some pattern lessons from the S&P 500. First, context matters, and that context is: Bullish because of the existing uptrend from the…
Here’s why you can’t win that argument on Facebook
Continuing from my last post, I want to explore how emotion influences our thinking and bias. Humans are not (purely) rational In my trading and investment work, one of the…
Thinking about thinking: lessons from the coronavirus
It’s been a rough few months for all of us—everyone, all over the whole world. I want to share a few thoughts on the coronavirus epidemic, politics, and what this…
A new (FREE) tool to help you
“The benchmark Dow Jones Industrial Average is off nearly 300 points as of midday today…” You can hear a similar quote on nearly every news outlet many times a day,…
New podcast episodes
Just in case you missed them, I dropped two new podcast episodes this week! The first, an introduction to the second season of the podcast, and some general comments on…
Make your own disinfecting spray
This might be a little off-topic, but I think it’s actually very on-topic. With most of my readers probably working from home due to the 2020 coronavirus outbreak, we are…
What really moves markets?
In the face of recent historic moves in stocks, crude oil, bonds, and many currencies, it is a good idea to step back and think about a fundamental question: what…