Traders get an edge by thinking in categories
Richard Wyckoff was one of the founding fathers of technical analysis, and one of his most useful concepts was to divide the market into an idealized cycle of accumulation, mark-up,…
Richard Wyckoff was one of the founding fathers of technical analysis, and one of his most useful concepts was to divide the market into an idealized cycle of accumulation, mark-up,…
Multiple timeframe analysis is almost a buzzword in technical analysis. I have been involved in markets actively for two decades, and have been an active participant in dialogue about markets…
I answer three reader questions here, and stretch the boundaries of this podcast just a little bit. Igor asks: "We know that the smaller the timeframe(TF), the more random the…
For anyone actively trading, looking at the markets you follow is a critical part of the investment process. Whether you do this once a week, once a day, or many…
Let me preface this by saying two things: First, I'm bullish on global stocks over even moderately long timeframes. Technicians like to call tops, but I think this bull market…
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…
Process--it doesn't sound exciting, but it's maybe the most important part of what we do. In fact, it's the Holy Grail in trading: having something you can replicate year after…
It's easy to make money in the market. Anyone can place a winning trade; no expertise, experience, knowledge, or edge is possible. It's not so easy to make money in…
A_Joe wrote to ask me for some thoughts on how to read a chart. Here is his question: A Quote goes "People See What They Have Learnt to See". Would Request to…
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…
For intraday traders, trend days can offer outsized rewards. For some styles of traders, much of the work of trading is focused on capturing trend days, and most of the…
I wrote a post late last week on the value of admitting what we don't know. I made some arguments about the dangers of false confidence, and the errors we…
We live in a world where most of our basic needs are fulfilled; most of us have food and water, we have a sense of safety and security, a sense…
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…