Here is a great guest post from Rayner Teo: Here’s the truth: Price action trading is not just trading pinbars or engulfing patterns. Rather, it’s reading the sentiment of the markets, identifying areas of value, and trading along the path of least resistance. And yes, price action trading can be complemented with indicators. It’s about […]
10 Price Action Trading Tips You Can Learn in 10 Minutes Read More »
This is a guest post from Dante Vincent I was having a discussion with one of my guys the other day…he saw some others in the room making some really nice trades, and he said to me “Dante, what are they doing that I’m not doing?” Putting in the time outside of market hours…in addition
A Simple Guide to “Finding your Niche” Read More »
The $SPY price is still in the same price range as it was in late 2014. $SPY is still within striking distance of all time highs. The 50 day SMA held as support on Friday bouncing late in the day. $203 is the short term support level. MACD is still under a bearish cross. Slow
10 Fast $SPY Chart Facts 5/8/16 Read More »
Sat, May 7 – 3 USD trades and how I found my entries The Mind of a Day Trader Emotions vs. Sentiments Jack Schwager shares the key lessons learned from many of the worlds greatest traders Why The Path Is As Important As The Move
My Favorite 5 Trading Articles: 5/7/16 Read More »
The desire for constant action irrespective of underlying market conditions is reponsible for many losses. -Livermore. — Assad Tannous (@AsennaWealth) May 2, 2016 Always cringe when other traders say a trade is "too risky". Risk is whatever you want it to be. — Assad Tannous (@AsennaWealth) May 5, 2016 Any hack can hold blindly in
Top Trading Tweets: Week 5/7/16 Read More »
While trading systems have to be built for an individuals risk tolerance and personality type the principles used to build trading systems are basically the same . Here are the 10 key universal elements to successful trading system development. You have to chose if your system will be profitable from a high win rate or big wins and
Elements for Building Trading Systems Read More »
The Double Bottom Chart pattern is a bullish reversal pattern. This pattern is created when a key price support level on a chart is tested twice with a rally between the two support level tests. A double bottom chart pattern happens at the end of a downtrend that has likely gone on for weeks maybe months.
Double Bottom Chart Pattern Explained Read More »
I have watched the show ‘American Greed” for years and I have always been fascinated by how the con artists on the show are able to trick people out of millions and millions of dollars over and over again. The con artists that are profiled on ‘American Greed’ promise the moon to investors but burn
Lessons From the Show: American Greed Read More »
Single trades mean nothing outside a trading system that is executed consistently with discipline and risk management. One trade can be as much luck as skill. Any single trade entry has a 50/50 chance of moving in your favor on entry and being a short term winner. 10 Reasons Why Short Term Results Mean Nothing:
Why Short Term Results Mean Nothing Read More »
$SPY failed to break out of all time highs last week. $SPY has gone no where for a year back to the same price levels of early 2015. $SPY is still holding over the long term the 50 day and the 200 day moving averages. RSI is near neutral at 50.32. $SPY had a reversal
10 $SPY Chart Facts 5/1/16 Read More »
