What is a Channel?What is this mysterious thing that you sometimes hear about? Well here’s what happens, sometimes a stock gets stuck, and it’s moving sideways between support and resistance. Anytime you see that happening; when a stock gets stuck in what we call a trading range, moving between support and resistance, we call that […]
Read MoreSince the dawn of capitalism, people have been trying to find new ways to predict what is about to happen next. Some methods seem to work fairly well for a season, and then suddenly they appear just to stop working. Chart patterns are not one of these methods.Chart PatternsChart patterns are one of the few […]
Read MoreIn a recent class, we discussed how to confirm a trade setup. I would pick up on that for today’s blog and address some of the known challenges traders face in confirming their trades. To start, let’s point out the facts: no one wants to lose money on their trades and everyone wants their trades […]
Read MoreWhen we look at candlestick pattern names, you will discover they tend to have unconventional names. These names are actually very accurate as they describe the sentiment the candlestick pattern is representing. Remember, candlesticks tell us the story of what’s happening between the bulls and the bears on any given trading day. Some of the […]
Read MoreYou are learning to trade the stock market and one of the most important steps you can take to ensure your profits is using stock orders. When you understand the types of stock orders which are available and how to create and submit them to protect your capital, then you are off to a great, […]
Read MoreIt would be great if every market could always be a bull market, but it’s just not reality. Bull markets have to rest, which is where bear markets come in, and those rests are like a winter reset that sets everything up for the next big move. Are you familiar with fruit trees? Many types of […]
Read MorePicking the very top or bottom of a trend is a bit of an optimistic goal for most traders. However, it is entirely realistic to recognize a reversal as it is shaping up and jump into the trend early. If you can catch 70-80% of a trend, and if you can do that consistently, that […]
Read MoreThe tweezer candlestick pattern can be one of the most powerful predictive patterns we see showing up on our stock charts. Over years of trading, we have learned to trust the signal as it predictive natural is usually correct. However, the challenge is accurately interpreting the pattern because there are so many possible variations to […]
Read MoreLet’s start by looking at quantitative analysis, which is sometimes confused with technical analysis. Quantitative analysis is defined as the analysis of a situation or event, especially a financial market, by means of complex mathematical and statistical modeling. This is where people can get confused with technical analysis. They make the assumptions that you have […]
Read MoreChoosing the price where a stock is going to change directions has been the subject at the forefront of every trader’s mind pretty much since the dawn of free-market trading. Every trader wants to buy at the very bottom and sell at the very top. Unfortunately, this scenario rarely occurs in a trader’s career, much […]
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