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
[New Series] Which Technical Indicators Work Best?
Ever wonder which technical indicators are best for trading? Look no further than this series with Andrew Falde that teaches you exactly how to answer that question with statistics, custom algorithms, and back testing. No relevant positions. Trades are hypothetical.
The Perfect 10 Technical Trade
I ask our traders to only make the *very* best technical trades. Judge each technical trade on a scale of 1-10 and take only those 8/10 or above. What is a Perfect 10 Technical Trade? It’s GENE (Genetic Technologies Limited) from the other day when it traded below a huge technical support level and then dropped 30 percent…in one day….while … Read More
Enhancing Trader Performance: The Folly of Predicting
*****David Blair, The Crosshairs Trader, is a blogger/trader/educator who does a wonderful job of sharing research on elite performance and how it relates to trading. Below is his latest post for the SMB trading community.***** — Editor’s Note I kick off the new year here with a few articles on the folly of predicting. Why? Because it is the time … Read More
Enhancing Trader Performance with Classics in Technical Analysis
*****David Blair, The Crosshairs Trader, is a blogger/trader/educator who does a wonderful job of sharing research on elite performance and how it relates to trading. Below is his latest post for the SMB trading community.***** — Editor’s Note “If I have seen a little further it is by standing on the shoulders of Giants.” Sir Isaac Newton We are all … Read More
Four Ways Market-Neutral Traders Can Benefit From Technical Analysis
Even though Market-Neutral Traders may not be picking a direction, we are dealing with price movement. Knowing what directional traders are thinking and where there are likely to be areas of high volatility can be extremely beneficial. Knowing the market conditions you’re entering into, in advance, can help you to modify your entry or avoid entering a trade that’s not … Read More
Trading: Less Fighting, More Fishing
Much of the time when you read about trading, many use metaphors that refer to competition or war. You will often hear phrases like, “the forex arena”, “bulls battling the bears”, “you compete with the best and brightest minds in the world”. This is convenient and filled to the brim with conflict (we love drama just watch the news). What … Read More
Trade Review: Mastering EURUSD with Price Action Confirmation
In this segment, Marc Principato, CMT, reviews a real EUR/USD day trade that is based on two price patterns and candlestick analysis. He uses price action as confirmation to enter the trade. — Marc Principato, CMT, Risk Disclaimer *No Relevant Positions