A market is trading under it’s 200 day simple moving average. The market price is trading under all short term moving averages. The MACD has made a bearish crossover. The daily chart’s RSI is under 30. A chart has made lower highs and lower lows for weeks. You are seeing large wicks at the top […]
10 Signs a Market is in a Downtrend Read More »
Having a bull mindset in a bear market is not profitable. Bear markets have no long term support, they can make lower lows for a long time. Buying pullbacks is not profitable in bear markets because pullbacks turn into downtrends, and old support becomes the new resistance. Buying dips stops working. Bulls end up getting
Why Bear Markets Steamroll Bulls Read More »
Once we have a proven system, our system’s profitability is not based on our personal ability to trade it. The market environment of trending, range bound, or volatile is what makes our method make money or lose money. Sometimes, we have a perfectly good system and lose money because our method is not viable. A
10 Signs the Market Is Just Not That Into You Read More »
Andreas Clenow’s new book takes the reader through creating a mechanical trend following system using momentum ranking for stocks in the S&P 500 index. This is an outstanding trading book because it shows the reader year by year performance, and explains the emotions that a trader goes through during drawdowns in trading capital. Mr.
Book Review: Stocks on the Move Read More »
The chart had a lot of mixed signals last week without many actionable signals. The Fed decision to keep rates unchanged was a sell the news event. $SPY has settled back into a trading range after failing to breakout on the Fed decision. Two back-to-back shooting star candlesticks show that higher prices were sold into
10 Fast Facts on the $SPY Chart: 9/20/15 Read More »
How to Embrace Your Fear in Trading: The Trading Intelligentsia Has it Wrong –via @PaulJSingh Emotional Volatility and Emotional Volatility of Volatility –via @steenbab S&P 500 Triangle Pattern Gets At Market Selloff Psychology –via @SeeItMarket Advanced Stop Loss Guide –via @Tradeciety We’re Living Through the Greatest
Best Trading Articles: Week 9/19/15 Read More »
Fantastic day for the http://t.co/2GANaPQljj "Random Narrative Generator," here's my suggestion cc @StockCats pic.twitter.com/a150zdrwKR — Brattle St. Capital (@BrattleStCap) September 17, 2015 So the Fed will never hike until every place in the world has entered economic utopia. Noted — zerohedge (@zerohedge) September 17, 2015 We’ll be at 100% employment and 0% inflation and nobody
Top Trading Tweets: week 9/18/15 Read More »
Buy Signals Sell Signals:Strategic Stock Market Entries and Exits Moving Averages 101: Incredible Signals That Will Make You Money in the Stock Market Trading Habits: 39 of the World’s Most Powerful Stock Market Rules New Trader 101: The Fastest Way to Grow Wealth in the Stock Market Calm Trader: Win in the Stock Market without
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The $QQQ chart has formed an ascending triangle chart pattern. $QQQ closed over the 200 day moving average. $QQQ broke out of an 18 day trading range today. This chart has made higher lows for 5 straight days. This chart has made higher highs for 3 straight days. The Fed meeting will likely provide a
10 Fast Facts About the $QQQ Chart: 9/16/15 Read More »
Many new traders turn into bitter traders because they lose a lot of money. It’s a fact that the majority of active traders don’t make it and leave the market. Many investors become disillusioned with buy and hold drawdowns and bear markets that destroy their capital. A trader has to not only overcome slippage and
10 Reasons Most Traders Are Not Profitable Read More »
$QQQ is currently in an ascending triangle chart pattern. Regardless of where they form, ascending triangles are usually bullish patterns that indicate accumulation. Even though the price can’t rise past the 200 day resistance level, the reaction lows continue to rise. It is these higher lows that indicate increased buying pressure and give the ascending
The $QQQ Ascending Chart Pattern Signals Read More »
The $SPY downtrend stopped after the bottom 3 weeks ago, and $SPY has gone back to a range bound market. The $SPY chart is currently forming a symmetrical triangle chart pattern. There have been 15 days of lower highs and lower lows showing a range compression of prices. Which trend line we break first will
$SPY Chart Triangle Signals: 9/13/15 Read More »
S&P 500 Fails Again At Key Stock Market Resistance Level S&P 500 200-Day Moving Average Is Pointing Lower, What’s Next? Every trade has a lesson but we often learn the wrong things – The 6 cardinal sins of trading The difference between working knowledge and “chauffeur
My Favorite Trading Articles: Week 9/12/15 Read More »
Why I dont buy support or sell resistance but rather sell prior suppport and buy prior resistance pic.twitter.com/LxnQntBzct – @Trader_Dante — Steve Burns (@SJosephBurns) September 11, 2015 number of times the $SPX has been up 7 years in a row? 0 pic.twitter.com/5hMc6Q4Esj — StockCats (@StockCats) September 9, 2015 7 years after calling for $200 oil
Top Trading Tweets of the Week 9/11/15 Read More »
“The key to long-term survival and prosperity has a lot to do with the money management techniques incorporated into the technical system.” -Ed Seykota The above image shows the destruction of capital, not only for a losing streak, but also for a string of 10 trades with a 50% win rate; alternating between wins and
Why You Lose So Much Money Trading Read More »
There are so many traders and investors that remain bullish even when the stock market is under distribution. Here are 5 things I need to see to become bullish again and stop shorting strength and start trading on the long side. $QQQ needs to close over the 200 day as my first sign of
5 Signals I Need to Turn Bullish Read More »
I appreciate Mark Ritchie sending me a review copy of this book. I have the utmost respect Mr. Ritchie’s market successes, and I enjoyed his interview in Jack Schwager’s “Market Wizards” book. This book is much different than other trading books you will read. The author begins with a warning that trading is probably not
My Book Review of My Trading Bible Read More »
Guest post by Christopher Ebert @OptionScientist With regards to #2, I must admit I too was once hampered, and to this day occasionally experience the hampering effect from time to time . What released me from that was a realization that there will always be some influential entities that can induce something to go up
Curious Trader, Broke Trader Read More »
Did a Black Swan Fund really just “make a billion dollars”? Taking a Fresh Look at Your Trading Performance 25 Simple Things to Give Up If You Want to Succeed The Great Jim Simons Why everyone loves to call tops and bottoms…and gets slaughtered
5 Top Trading Articles: Week of 9/6/15 Read More »
The market is still in bear territory under the 200 day simple moving average. The MACD is extremely bearish, showing a lack of momentum. Up days continue to be on lower volume and down days on higher volume, which shows distribution. A 27.80 $VIX is not bullish, it demonstrates uncertainty. The RSI is weak at
10 Fast Facts About the $SPY Chart: 9/5/15 Read More »