Most traders will agree that there are few things more enjoyable than riding a steady uptrend all the way to the top. Unfortunately, as the old adage goes, “all good things must come to an end”. This is particularly true in trading which is why it is essential to understand when a move to the

Support and resistance lies at the heart of technical analysis. There are numerous forms of support and resistance, and not everyone will agree on how to spot important levels or even on how to use them. But what we discussed today should help start a foundation for new traders while also bringing to light perhaps

Fibonacci Talking Points: – Support and resistance is a key aspect of market analysis as it allows traders to set a line-in-the-sand for the setups that they want to take onboard. Traders looking to buy in a market, whether that bullish bias is furnished from fundamental analysis or longer-term technical trends, can look to support

Simple candlestick patterns can be an excellent way to identify key inflection points in the market by visual representation of areas of important supply (sellers) and demand (buyers). These formations can be used as a signal for taking a trade (or avoiding one), as well as guide for stop placement and improving the overall risk

Today, we discussed how to combine breakout and pullback entries to take advantage of a chart set-up and maximize your risk/reward profile for increased robustness. There are times when an initial set-up will present an opportunity to trade along the path of least resistance in multiple entries so as to increase profit potential whole mitigating

Guppy Indicator Talking Points: How I learned to love the Guppy Multiple Moving Average indicator (GMMA or Guppy) Guppy helps traders easily identify and capture trending markets Guppy can identify shifting market sentiment As an investor/trader, we always want to trade in the direction of the ‘trend.’ If you’re a day-trader or a long-term investor,

Today, we discussed several types of pullback scenarios, with three main categories – post-breakout, mid-trend, and after a trend reversal for a counter-trend trade. We covered the various aspects to identifying the highest probability set-ups and took a look at several examples, examining both the analytical and trade management side of these set-ups. Whether you

In the U.S., market participants focus the majority of their attention on three indices – S&P 500, Dow Jones Industrial Average, and Nasdaq 100. These indices are of course highly correlated to one another as they track companies impacted by the same business cycle and other important macroeconomic factors. Additionally, there is some cross-over in

Today, we discussed two general types of breakouts – simple price level breakouts (support/resistance) and those involving various types of chart patterns. Not all set-ups are created equally, with some presenting more attractive risk/reward opportunities. We also discussed a few ways to enter a breakout trade which can help improve the overall risk profile, including

Gold trading strategy: – Trading gold is much like trading forex if you use a spread-betting platform. – A gold trading strategy can include a mix of fundamental, sentiment, or technical analysis. – Advanced gold traders recognize that the yellow metal is priced in US Dollars and will account for its trend in their gold