Tools for reading market character
One important question for discretionary traders to consider is how to weigh objective and subjective elements in technical analysis. Some things are simple and clear, which is one reason that…
One important question for discretionary traders to consider is how to weigh objective and subjective elements in technical analysis. Some things are simple and clear, which is one reason that…
There are patterns in market prices that can point to trading opportunities and potential profits. This is one of the fundamental assumptions of technical/tactical trading (and can be verified by…
One skill that is often overlooked in chart reading is the ability to look at a bar on a chart and to infer what price action might have created that…
I can get right to the punchline, and make this a very short blog post: don't trade when the market you trade is in consolidation; more specifically, do not trade…
I've been writing about this for quite a while, tweeting about it, pointing out the relative strength in smaller cap names, constructive sector flows, volatility compression that could support a…
Group-think is a problem in markets; so many smart people look at the same (pretty limited) set of information, so it's easy to understand why many people come to similar…
To trade or invest successfully, we have to think one step ahead of the market, but we have to discipline ourselves not to act early. We also must strike a…
I thought it might be useful to step back and take a look at gold from a much longer-term perspective. First, the monthly chart (difference back-adjusted continuous futures): The first…
Just a quick followup to this post, in which I suggested the US Dollar might be set for a fakeout rally (that has happened) that might fail into a sharp…
Markets move in alternating waves of with-trend strength (or weakness) interspersed with moves against the trend. We call these moves pullbacks or consolidations, and they create some of the most…
[This post was originally published on SeeItMarket.com, here. I have added some comments at the end of the post to update following yesterday's action. Despite the fact the market rallied…
The US Dollar is in a trend of historic proportions; the strength and rapidity of its advance has shocked many other currencies as they scramble to adapt to the new…
We can simplify many of the problems of technical or tactical trading to one question: assume that a market just made a large move. Do we want to fade (go…
We spend a lot of time, as traders, developing skills of precision trading: when to enter trades, where to put stops, when to add, when to take partial profits, when…
Just a high level perspective on what we have going on in a few major markets this week. In general, most markets are in some kind of volatility compression. Volatility…
I thought it might be useful to take a look at one of the most common trading patterns, the flag, and, more importantly, to see what happens when it doesn't…