Decoding Price Action Analysis: Understanding the Key Differences from Technical Analysis

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Technical Analysis is what you already know. Price action analysis is what you should know. Technical analysis is the study of charts. Looking at patterns with the hope that it will appear again and offer an opportunity to make money. That’s not how you make money trading. Profitable trading is about skill development. Price action analysis is truly understanding the underlying factors … Read More

This Price Action Often Leads To A Sharp Down Move

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In today’s AM Meeting I highlighted a short setup in Apple. It was based on the prior day’s price action. This pattern not only applies to AAPL but to the market more broadly and is important to learn. When the price action on the Open confirmed my short thesis I entered an automated script to get short between 131.30-131.50. Downside … Read More

Trading Education: Will Adobe Correct Through Price or Time?

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Steve Spencer, partner at SMB Capital, discusses an ADBE trade he’s been in for a couple of months. Highlights from this trade: 1) Stocks correct through price or time. 2) Signals to enter a counter trend trade. 3) Knowing when to get out of an extended stock. Steven Spencer is the co-founder of SMB Capital and SMB University which provides … Read More

The Price Spike Fade Trade

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I’m writing this post for one of the most gracious traders on my desk who should be in more of these plays, SWANG (also a character in The PlayBook). He is a terrific tape reader, scalper, and intraday trader. I can see him doubling his P&L by mastering this trade. I made a Price Spike Fade Trade in PAY yesterday … Read More