A bear flag in Treasuries: a good setup and a clean trade
Sometimes I think the world probably does not want to see yet another blog from me illustrating yet another basic pattern… but these “basic patterns” can be wildly profitable. You…
The most important things
Sometimes, it’s hard to know where to start. When we look at charts or go to the market for trading ideas, thousands of pieces of information compete for our attention.…
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…
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…
Why Bitcoin was a clear short
On 4 December, I fired off a quick tweet that generated a lot of discussion in my Facebook and email inboxes. (Curiously enough, not so much discussion on the tweek…
Why were we focused on NZD trades?
A week ago, I pointed out trade setups in NZDUSD and many NZD crosses to my MarketLife and Talon clients. Of course, one issue currency traders need to consider is…
Price action triggers: how much patience is too much?
Take a look at the chart below. We were looking to enter a short in gold (or silver), based on the long downtrend, and then a bounce that was likely…
Stalking a trade–patience
So many of us get into trading for action and excitement. (That was one of the things that drew me to trading, years ago.) But what it takes to be…
How and why we were short GGAL, a major Argentinian bank
I have a confession to make: I’m trying to learn to do better marketing. I’m not the kind of person to brag about success—one of the reasons for that is…
Chartschool: nested flag and a short in corn
https://youtu.be/OUZvkiZAWaI
A Trading Lesson in Pullbacks
I have found, over the years, solid results from trading a handful of patterns put in the proper context. Perhaps the most useful of those patterns in the pullback, which…
Chart of the day: rhythm in NYSE: X
Train your eye to see and process inside days automatically. (Note that this chart was snapped around 10:00 EST, so things will likely be very different by close. Whether or…
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...