Chart of the Day: Range in Corn Futures
A few lessons here from the daily continuous chart of Corn futures (it's worthwhile looking at the Sept contact along and considering the difference in patterns the roll creates, but…
Some Important Lessons I’ve Learned
I thought I'd share a few thoughts today, kind of a "what I've learned in the past 10 years" post. This list was refined and crystallized by the process of…
Chart of the Day: LOW (Nested Flag)
First, take a look at the weekly chart, which shows a classic Anti pattern. (Essentially a consolidation (think bear flag) following a potential trend change.) Now, look at the daily…
Chart of the Day: VZ
Though I am leaning pretty short on the overall market, any time you have a large one-sided bet on the market, it's always good to have a "go to"…
Hello, after an absence from blogging…
I’ve been absent from twitter, blogging, and social media in general for a while. This was by choice, as I wanted to turn inward and focus on my trading, building…
First Principles in Technical Analysis (4/?)
Trends end in one of two ways [dc]T[/dc]he last lecture looked at the power of an intact trend. Of course, trends do not go one forever. They do end, and…
First Principles of Technical Analysis (3/?)
2: Trends are more likely to continue than to end [dc]T[/dc]he previous post in this series considered the first principle of price behavior: that markets tend to alternate between periods…
1/26/12 Chart of the Day
[dc]T[/dc]his chart of Natural Gas futures shows a classic pattern: parabolic acceleration outside the Keltner Channel and the parallel trendline. It is difficult to play a move like this as…
1/25/12 Chart of the Day
[dc]T[/dc]his pullback in Gold futures could offer an opportunity for a short. Positions could be established on a weak close, looking for a first leg to retest previous lows (1,525…
You Get Paid to Hold Overnight
A look at one reason why daytraders may struggle...
Random Support & Resistance Levels
http://www.youtube.com/watch?v=5mPp7_fajvo
Intro To Technical Analysis Course (2/2)
The conclusion of the plan for ITAC.
A Few Trading Rules
[dc]I[/dc]n doing the preparation and background work for the book, I found a set of rules for a swing trading system I traded for many years. I thought I would…
Managing Gap Openings
Gap openings can present both danger and opportunity to swing traders. You need a plan for handling these volatile and potentially dangerous events.
Current Technical Situation: S&P 500
A failure test that justifies flipping a long position to a short position.
Small Stops, Big Risks?
[dc]S[/dc]ome of the most persistent myths about trading revolve around the idea of low-risk trades. You will often hear traders say that they took a trade because the risk was…