Technical Patterns
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 been doing some deep dive coding and quant work. (Stuff like looking at correlation and cointegration in
Readers Questions
I received a good question from Gareth this morning: "Your book is one of my top sources in trading literature, though there are some ideas that I find it difficult to agree. Specifically, I've found your idea of many support/resistance levels being created randomly hard to
General Comments
We, all of us, tend to be overconfident and make too many assumptions. Consider this case: a few years ago, it seemed the TA landscape was swept with the idea of trading failed patterns. There was a lot of hype about trading patterns in which traders were trapped and had
General Comments
I left you, at the end of yesterday's post, with some strong evidence that luck plays a big part in your trading results. Now for the good news: you are not powerless against luck. People say many different things about luck, like "luck is what happens when
General Comments
The mind is a pattern finding machine... and that's not always a good thing.
General Comments
A look at what normal variability in trading results can really mean.