In a previous posting I began a series on support and resistance. In that article I laid out two basic rules for support and resistance lines that all traders should follow. These are 1) S/R lines are not a signal, they are places where signals are likely to happen. If this sounds familiar you are […]
This article was originally contributed by the archived community member Mifune. We no longer maintain contact details for the original author. The content has been fact-checked and updated for accuracy by our editorial team. August 6, 2014 One of the nice things about pivot points that are spaced far apart is that the market will […]
This article was originally contributed by the archived community member Mifune. We no longer maintain contact details for the original author. The content has been fact-checked and updated for accuracy by our editorial team. August 6, 2014 In trading, you can often become your own worst obstacle by usually the following three things: 1. Forcing […]
This article was originally contributed by the archived community member Mifune. We no longer maintain contact details for the original author. The content has been fact-checked and updated for accuracy by our editorial team. August 5, 2014 It’s a common theme in my blog to emphasize the importance of avoiding trades around news time. My […]
This article was originally contributed by the archived community member Mifune. We no longer maintain contact details for the original author. The content has been fact-checked and updated for accuracy by our editorial team. August 3, 2014 Last Friday’s trading of the EUR/USD didn’t amount to much in the way of trading opportunities setting up […]
This article was originally contributed by the archived community member Mifune. We no longer maintain contact details for the original author. The content has been fact-checked and updated for accuracy by our editorial team. 1. The first trading opportunity I encountered was not as easy when it came to making a cut-and-dried decision about if […]
This article was originally contributed by the archived community member Mifune. We no longer maintain contact details for the original author. The content has been fact-checked and updated for accuracy by our editorial team. A bit of a unique set-up occurred when I first began trading, in that it’s not one that comes up frequently. […]
Seasonality refers to recurring patterns in asset classes, often due to a time of the year impact. For example, summer may push up the price of crude of oil as more people drive cars and go on holidays, or heating oil prices may be pushed up in the winter as more people require heat in […]
This article is in response to a question I get asked, or see asked, just about every week. There are dozens of great answers out there but none seem to focus on the mechanics of actually drawing the lines and how that may affect your analysis. I began this article by grouping support, resistance and […]
Sitting at dinner last night with several friends I was asked my thoughts on the stock market — a question I get asked numerous times each day. My response is usually the same “I am a trader, I don’t have thoughts on the what the future holds for the market.” I like saying it because […]