Top 5 Favorite Candlestick Patterns

Since the beginning of TradeSmart, we have often been asked by students which candlestick patterns are the best? They may change the question around a little bit to which ones are the most reliable or is such and such pattern better than this pattern. Regardless of how the question is phrased, it always comes down […]

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Top 4 Mistakes when Trading Chart Patterns #4

Chart patterns are one of the best tools technical traders have for anticipating market sentiment shifts. However, as great as they are, chart patterns are often misunderstood and misinterpreted. Over the past three weeks, we have been sharing the top four mistakes traders make with chart patterns, mistakes which often lead people to think they […]

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Top 4 Mistakes When Trading Chart Patterns #3

One of the big challenges when trading chart patterns is the tendency to have ambiguous rules for what qualifies as a pattern. It would be nice if we could sit here and tell you, “a double top pattern always takes four weeks to develop, it has a 3% retracement between point A and point B, […]

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Top 4 Mistakes When Trading Chart Patterns #2

One of the top mistake traders can make is the failure to wait for confirmation. Waiting for a confirmation is one of the most effective way to increase the consistency and the profitability of trading chart patterns. After all, a chart pattern itself is a setup, and just because something sets up it does not […]

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Top 4 Mistakes When Trading Chart Patterns #1

Chart patterns are a great addition to every trader’s toolbox. They help increase a trader’s insight into trading sentiment and ultimately give indications as to the next likely move. Unlike some of the newer techniques and gimmicks in the world of trading, chart patterns are a time-tested trading technique that has proven to be a […]

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The Art of the Wedge

There is only one reason for learning to trade a chart pattern: to make more consistent predictions about future price actions. Unfortunately, there are many patterns traders spend their time memorizing, which either don’t occur frequently or worse, they aren’t predictable. However, there is a pattern that breaks bullish 68% of the time. I’m talking […]

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An Overview of the Stochastics Indicator

Indicators are an important part of the trader’s toolkit, especially when you learn to appropriately use the indicators which are available to you. However, many people look at indicators as a “signal” that says “buy now” or “sell now.” For most people, they are looking for that buy/sell signal, and when they see it, they […]

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The Tao of R

The Chinese word Tao can be translated to mean way or path, and when it comes to trading the concept of R represents risk units, which is defined as the dollar amount a trader is willing lose on a trade if the trade drops to a predetermined stop. Thus, the Tao of R is a […]

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Getting Started Managing Your Risk

Merriam Webster’s dictionary defines risk as possibility of loss or injury or in regards to the stock market, the chance an investment, such as a stock or commodity will lose value. Risk is an unavoidable factor in life, and there is very little we can do to remove it; however, we can take very actionable […]

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3 Fears in Stock Trading That Can Cost You.

According to new research, there is an excellent possibility that fear, if left unchecked, could be the destructive aspect of your trading. A recent study completed by Boston University and MIT professors labeled emotional responses within traders as “a significant factor” in the outcome of their trade. (1) This should be a wake-up call for […]

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