Chart of the day: complex bull flag in CADJPY
For swing traders, the real challenge may be choosing the best Yen-driven trades over the next few weeks or months.
Chart of the day: bear flag in Treasury futures
A market that is often a focal point for political opinion, fears, and speculation. None of that is necessary when your trading plan has an edge...
More trading lessons from copper
I thought it would be interesting to update this post, which was a fairly in-depth look at trading some pullbacks in copper. If you haven’t read it, go read it…
Simple things work
Over the past few weeks, I've been hanging out a bit more in internet trading rooms and groups. It's been a good reminder of the kinds of questions and mistakes…
Trading lesson: copper futures
Recent action in copper futures gives us some market lessons. These can be adapted to other markets and timeframes (so if you just trade stocks or currencies, don’t skip over…
Three steps to make sure you never miss that move
I've written a few posts recently about doing the right thing and the pain of missing moves. Sometimes very simple concepts can get us far, and I want to propose…
AUDUSD: Short-term inflections or trend change?
One of the key challenges for discretionary traders is balancing short-term and longer-term information. Err too far on either side, and bad things will happen: Focus too much on short-term,…
What matters more than your process?
So, we live in a world in which investors are nervous. Everyone knows the Fed is going to raise rates, it's only a question of when and how much. Everyone…
Biotech: buy the dip?
Short answer: probably not. The long answer is more instructive, so let's get started. Context matters, but what does that mean? What is context? In this case, the longer-term relative…
One, two, three steps to shorting stocks
I want to share a quick short setup in the S&P 500 index today. This is a repeatable pattern, and draws on many elements I have discussed here on my…
Where will the S&P 500 go next? Here’s how to find the answer.
Given the action in US stocks this week, I thought this might be a good time to share a few thoughts about the market. I hope to be able to…