Reader Question: Technical Patterns Before News?
[dc]R[/dc]ichard asks: "I saw a trade setup, but also saw reasons not to take it. [MACD divergence] A news release was also scheduled soon, and a large move before the…
[dc]R[/dc]ichard asks: "I saw a trade setup, but also saw reasons not to take it. [MACD divergence] A news release was also scheduled soon, and a large move before the…
[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,…
[dc]I[/dc] wanted to share a few thoughts and some analysis that we published in our research a week ago, looking at the supposed "sell in May…" effect. There are a…
[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…
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;…
[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…
By way of history, we have been bearish on Gold for quite some time in the research I write daily for Waverly Advisors, and we hold a short that was…
Yesterday's weak closes in major stock indexes do threaten trend integrity, at least on the intermediate term: though fairly small on a nominal basis, these moves were large on a…
This chart shows a common context for the Anti pattern: following an overextension of an established trend (A), the market makes a sharp counter-trend move (B), and then pulls back…
No, not a "loony" crazy breakout, a breakout in the Canadian dollar (also called the loonie!) The chart above is of the USD/CAD, so up on this chart is down…
Japan shows a clear pattern of higher lows holding into a ~9 month long resistance area. This is a pattern that often sets up a breakout, but in this case…
The "Anti" is a name coined by Linda Raschke (in her excellent book Street Smarts) for a trade that was originally defined by an oscillator pattern—when short term momentum pulls…
[dc][/dc]Take a few moments, here at the beginning of a new year, to think about how do you handle your market biases and convictions. We all know the glaring examples…
[dc]W[/dc]e certainly live in a time of wonder. Science has pushed back the veil of superstition and mystery; progress allows us to live longer, comfortable lives and to devote our…
We have been short Gold in our daily research several times this year. The most recent short was initiated 9/23/13, but Gold has been a strong performer for us through…
Systematic traders have a perennial debate: how much or how little to intervene in your system's rules? There are a range of acceptable solutions, but the key is to be…