A shift in cryptocurrencies
Cryptocurrencies are in focus recently. Bitcoin has fallen almost 50% from its peak, and the future seems far less certain than it did a year ago. We were able to…
Cryptocurrencies are in focus recently. Bitcoin has fallen almost 50% from its peak, and the future seems far less certain than it did a year ago. We were able to…
Sometimes I think the world probably does not want to see yet another blog from me illustrating yet another basic pattern… but these “basic patterns” can be wildly profitable. You…
Looking at multiple timeframes of the same market (“multiple timeframe analysis”) is a common practice. There are many nuances to this approach, and many ways to use the information on…
Sometimes, it’s hard to know where to start. When we look at charts or go to the market for trading ideas, thousands of pieces of information compete for our attention.…
I’ve been thinking and writing a lot about uncertainty lately—and about making decisions with incomplete information. Over the past two years, we've all had to make decisions in an uncertain…
What happens if you miss a trade? Newer traders will often make a frustrated FOMO trade, and add a loss to what should have been a non-event. More experienced traders…
One of the interesting developments of the past ten years is the gradual death of the “life hack” approach. This is a good thing. The reason this movement has died…
I took part in an interesting exchange in a Facebook group last night, in which a trader was asking “should I buy puts or calls for the spy or qqq?”…
Summertime is here, and, as far as markets are concerned, it's been here a while. One of the characteristics of summertime trading is generally lower volatility and poorer followthrough. Summer…
One of the disconnects for new traders is seeing how patterns play out in the real world. When we learn patterns, we usually start from pristine, idealized examples. But in…
How do we learn? For most things, a pretty simple plan works: do something and evaluate the results. Make some changes to what you do, and see how the results…
Bands or channels are usually set up around some type of moving average. They define what is normal for a market, so excursions outside the bands are potentially interesting. There…
One of the key questions that comes up with developing traders is “how do I get into trades? Where exact do I enter?” On one hand, the answer to that…
As history will remember, 2020 was a strange year, to say the least. While it might seem that, with everyone more or less staying home and shutting out social interaction,…
What a long, strange year 2020 has been. It’s too early to write any kind of meaningful retrospective, but I think it’s fair to say this has been a challenging…
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…