You have a plan – you are going to enter a trade at a specific price. But as you watch the price approach your entry level you suddenly decide that maybe another price is better. Even though your analysis told you that was the right price to enter, now that the price is at that […]
There are a lot of great books out there, but there are always a few that stand out. While I haven’t read every book out there–and I am sure there are some great ones other than these–here are four of my favorites. 1. Reminiscences of a Stock Operator by Edwin Lefevre I have written about in […]
First off, I want to point out a couple types of trade set-ups that I would personally avoid as it related to this trading day. I was not actively watching the market at this time, but I felt compelled to mention this type of scenario in this particular writing. Around 3:45AM the market came down […]
This is an introduction into one form of MACD wave analysis and how I use it for short term trading. MACD is a well known indicator of market momentum and one that can be used in a wide variety of ways. For now I will focus on one general method that I use on a […]
Convergences are a powerful indicator for traders of all varieties. Convergences, as the name suggests, are when two or more indicators or other analysis devices are leading you down the same path. Imagine a stream flowing down a valley. It meanders along on its own, following the trend of elevation until it joins, or converges, […]
Forex Swing Trades on the Radar–June 26 While a number of pairs such as the USD/JPY, EUR/USD and USD/CHF remain stagnant as they await their next trending move, a number of pairs have strong trends going on. NZD/USD The NZDUSD is one pair on the watch list. Since the start of June is has been […]
It’s called Intermarket analysis, and it is the study of how various asset classes interact with one another. Excluding assets such as art or real-estate holdings, we have five major “financial market” assets classes: Cash and cash equivalents, such as T-Bills or CDs Fixed Income products such as bonds or Treasury notes Currencies such as […]
June 25, 2014 One thing I don’t talk much about in my blog is news trading. This is big for some intraday traders who like to pick up profit just by riding a news release. I have done some trading with the non-farm payrolls in the past, but more or less I simply stay out […]
Interested in trading gold? Then you’ll probably want to know about this ETF that usually turns just ahead of gold prices. That means if you are thinking about going short in gold, you can wait for the ETF to turn lower, which means gold prices should follow shortly after. If you want to go long […]
Chaikin Money Flow was developed by Marc Chaikin and is a primary used a confirmation tool for trend trading in stocks. It combines both price action and volume into one indicator, as the founder believes that volume leads price. CMF moves above and below zero based on whether, on average, the stock is finishing in […]