Using Multiple Time Frames to Get the Big Picture

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Technical Analysis 101: Engulfing Candlestick Patterns

To the average trader, candlestick patterns are a bunch of crosses and oblong shapes with odd names, like the abandoned baby or the doji cross.  But once understood, even the craziest sounding candlesticks can help make you a fortune.

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Technical Analysis 101: The Inverted Head and Shoulders

Chart patterns play an essential role in our success.

They highlight the chief driver of all stocks and indexes -- fear and greed. They highlight the psychology of thousands of traders. Ignoring that can be costly.


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Relative Strength (RSI): What it said about the EUR-USD

One of the most commonly used technical indicators is relative strength (RSI).  It’s simply a momentum oscillator that measures the speed and change of the price of a stock, an index, an ETF, even currency.

When it moves to or above its 70-line, we have an overbought condition.  When it moves to or below its 30-line, we have an oversold condition.  Simple enough.

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Technical Analysis 101: The Cup and Handle Pattern

Admittedly, some technical patterns have bizarre names.

Spot them in time though, and you stand to do explosively well.  One of those is the cup and handle – one of the oldest chart patterns you’ll find.  It’s also one of the more reliable of technical indicators, too.

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Using Trend Lines to Spot an Opportunity in Gold

Simplicity is always the key to success.

Sometimes, all it takes is drawing lines on a chart. 

In fact, it helped us catch another one of gold’s most profitable moves. 

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Technical Analysis 101: The Head and Shoulders Pattern

There are still traders that refuse to subscribe to technical analysis.

But after 20 years of using it, I can tell you from experience, it works beautifully. 

In fact, it’s an important tool because it chronicles price trends. 

By being away of those trends, you can better react to market changes and better manage your risk.  It can also help you time your trade.  And, if you can successfully time your trade, you become more disciplined and successful as a trader.


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Technical Analysis: This Happens 80% of the Time

Gold never fails to deliver profits.

It doesn’t matter if you’re a bull or a bear, if you know what to look for you’ll make money up to 80% of the time.  The best part – it’s insanely easy.  While many folks run to gold only as a safe haven, smart investors jump in and out every time the herd overreacts to just about anything. 

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Technical Analysis 101: The Know Sure Thing (KST) Indicator

Technical analysis has been discounted by a good number of traders. 

They don’t believe that studying wiggles and lines on a chart can uncover much, if anything.  Instead, they like to rely only on fundamental analysis and have numbers predict the potential future of their investments.  And that’s fine if you want to wait years for an investment to pay off.

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The Fear Gauge: History is Repeating Itself Again

It was an occurrence so rare, we hadn’t seen it in 24 years, we noted mid-May 2017.

The infamous fear gauge – the VIX – had fallen to an unusual low of less than 10 – something we hadn’t seen since December 1993.  No one thought anything of it. Markets continued to run higher. And no one, it seems, was paying attention. But we were. 


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Price Action: How to Use the Ease of Movement Indicator

After 20 years of trading, I may think I’ve seen it all.

Then, some one surprises me with something so ridiculous even I’m left banging my head against the wall.  The other day, an old friend told me he only uses relative strength (RSI) to tell him when to get in and out of trades.

“Just RSI,” he said.  “I swear by it.”

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Technical Analysis: An Opportunity in the Greenback

Since topping out at 103.81 in early 2017, the U.S. dollar has been nothing short of a slow-motion disaster. Things got so bad by May 2017 that the currency broke below the support line of the falling wedge pattern. Much of that may have been a result of Donald Trump’s weaker dollar policy, though as well as with political uncertainty.

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Two of the Most Important Elements of the Gold Trade

You can’t trade the news, they say.

“There’s no way to accurately gauge how a news event will play out in the markets, I don’t care what they say.  Trading the news is an especially seductive trap for those who aren’t in tune with major stock market trends. They don’t realize that in most cases the market’s already baked the news “into the cake” by the time it’s reported.”

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Technical Patterns 101: Simplicity at its Finest

“Everything should be made as simple as possible, but not simpler.”

That’s according to Albert Einstein.

Applied to trading, it simply tells us simplicity is key. 


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How to Spot Pivots in the VIX

It was a rare occurrence we hadn’t seen in 24 years.

The infamous fear gauge – the VIX – fell to an unusual low of less than 10 in May 2017 – something that hasn’t happened since December 1993.  In the single digits, the idea is that all is well.  Calm as resumed.  But it’s at these points when smart investors begin to worry.

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Currency Trading: Highly Effective Trading Indicators

We all have a tendency to overthink just about everything.

We make things much harder than they really have to be.  We’re all done it.

But let’s be honest.  The simpler things are, the easier it is do just about anything, including making money.  It’s the simple strategies that allow for the best results with less stress.  In fact, many currency traders will only look at charts as a simplified way to identity patterns and opportunities, instead of being bogged down with the noise of the news. 

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How to Use MACD Effectively

When it comes to pattern recognition on a chart, we could spend hours looking at daily, weekly, monthly, one-year and five-year chart. 

We can examine every wiggle, every bounce, and every dip for hours. 

In fact, look at the U.S. dollar. 

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