Conventional wisdom using oscillators, such as the Stochastic or RSI, has the trader wait for confirmation after indicator turning points have occurred before placing the trade. This chart demonstrates this concept. The green arrows denote buying when the indicator crosses…
Let’s take a look at what APPL might do over earnings. AAPL’s earnings always stimulate a huge discussion and affect boatloads of people. I think the season of wild 15-20% gaps on earnings for AAPL are over and calmed down….
There is no right or wrong choice when it comes to choosing a path for your trading. Some people are content to rely on periodic statements to monitor their investment. Others want access to market-to-market performance. Some are sensitive to…
The topic of today’s shortcut has been a popular request after I mentioned the importance of ‘the chart’ in this recent post. If you are an investor or trader and you require a chart to visually see the price action,…
“The trend is your friend,” they say, don’t they? Well, it is until the end of that trend! Regardless of all the colloquialisms that refer to following a trend, you need reliable tools and a good method if you’re going to…
Traders can be superstitious, and market masters develop consistent morning routines, so they are ready to attack the opportunities of the day. This is how my mornings begin, and these are my strategies to mentally preparing for the trading day….
One of the best websites on the internet, hands down, is YouTube. It has quickly become the place someone goes to learn or watch just about anything. With over one year worth of videos uploaded every hour, the amount of…
A classic cup and handle chart pattern that appeared in the SLV Silver Exchange Traded Fund has achieved the measured move objectives in a textbook fashion. The cup portion of this chart originates with a spike high followed by a…
