Technical Patterns Archives • The Blog of Adam H Grimes

The power of an inside bar

Post author:AdamHGrimes
Post published:10/28/2020
Post category:Technical Patterns
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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

Post author:AdamHGrimes
Post published:10/16/2020
Post category:Support / Resistance
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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…

A trade I usually skip. Time to rethink?

Post author:AdamHGrimes
Post published:08/17/2020
Post category:Anti / Trader Development
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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?

Post author:AdamHGrimes
Post published:08/10/2020
Post category:Technical Patterns
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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

Post author:AdamHGrimes
Post published:07/31/2020
Post category:Breakout / Technical Patterns
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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

Post author:AdamHGrimes
Post published:07/27/2020
Post category:Psychology / Quantitative analysis / Technical Patterns
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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

Post author:AdamHGrimes
Post published:07/20/2020
Post category:Breakout
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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…

Support and resistance… right now

Post author:AdamHGrimes
Post published:01/13/2020
Post category:Support / Resistance
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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

Post author:AdamHGrimes
Post published:10/09/2019
Post category:Intraday Trading / Support / Resistance
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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

Post author:AdamHGrimes
Post published:10/02/2019
Post category:Pullback
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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

Post author:AdamHGrimes
Post published:09/23/2019
Post category:Anti
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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…

Post author:AdamHGrimes
Post published:06/04/2019
Post category:Quantitative analysis / Support / Resistance / Trend Termination
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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

Post author:AdamHGrimes
Post published:05/31/2019
Post category:Chart of the Day / Nested Pullback
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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

Post author:AdamHGrimes
Post published:05/28/2019
Post category:Chart of the Day / Pullback
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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

Post author:AdamHGrimes
Post published:05/24/2019
Post category:Intraday Trading / Quantitative analysis / Support / Resistance
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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.

Post author:AdamHGrimes
Post published:05/22/2019
Post category:Quantitative analysis / Support / Resistance
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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…