Support and resistance… right now
Support and resistance is a controversial topic. Traders’ cognitive bias and random price motion conspire to play tricks on the mind. Many technical analysis books and gurus parrot conventional wisdom…
Using highs and lows
How do we know how that market is doing on any day? If we turn on the news, we will hear something like “the Dow Jones is up 40 points…”,…
Bear flags in cryptos
This morning, Tom says to me "Cryptos are looking like good shorts." He's right. Take a look at the daily chart of Bitcoin Cash: Recently broke below a channel with…
The Anti: a trading lesson from ROKU
Stepping in front of a strongly trending market is one of the best ways to lose money. But trends do end, and sometimes those endings can offer great trades. How…
What are the odds? What market stats can and can’t tell us…
I want to share the results of a quick statistical study I did today, and also share a few thoughts about using stats, in general, to shape our trading decisions.…
Nested bear flag: CHFJPY
One of the nice things about swing trading is you can have resting orders, so your alert that a pattern has triggered is an order being filled. Here's a nice…
Short setup in crude oil
Here is a trade setup we published today as a MarketLife TradeLab, available to both MarketLife Premium and MarketLife Plus subscribers. We are also offering a lifetime 20% discount on…
What we learned about price levels
This is part 2 of a two part blog. Read the first part here. Quick summary: to test the validity of price levels in markets, we created a test in…
When is a human better than a machine? Using human discretion in quantitative testing.
First, thank you to each of you who participated in the experiment/quiz. We have stopped collecting data, but you can re-take the quiz and see which answers were right or…
Are the secrets of price action hidden in randomness?
This might be a more challenging blog post than most, but if you’re interested in really understanding price action I think it’s very important. Over the past several weeks I’ve…
Ranges and measured moves
Here’s a quick look at two concepts that should be a part of your chartreading: ranges with pressure, and measured moves. There are two common approaches to chartreading, and I…
Being right being wrong (and multiple timeframe analysis)
It’s great when all stars align and every signal tells you to do the same thing. That’s the idea behind multiple timeframe analysis (which, by the way, is a topic…
A shift in perspective
Sometimes we can take tools we know and look at them in new ways. Doing this can give a surprising new perspective on how markets move, and can often suggest…
YouTube series: Tom’s Trades
We've started a series of "quick hit" trade analysis on our MarketLife YouTube channel, done my my trading partner, Tom. These are all actual trades, with points of entry, trade…
How to get started in technical analysis
This is the third in my series of blog posts for beginning traders. One of the questions I see over and over is “how do I start learning technical analysis?”…
A good pullback setup in the USDCAD
Just a quick post here, under the heading of “simple things work.” Take a look at the chart of the USDCAD below. This is a picture perfect short setup, and…