We’ve all seen fortunes made.
Unfortunately, we’ve also seen fortunes lost in a matter of seconds.
To this day, one of the biggest reasons for sizable losses is failure to protect profits and cut losses timely with tools, such as the trailing stop loss. But we have to realize that without any kind of exit strategy in place, emotions could come into play.Read More
When it comes to trading currencies, technical analysis is just as important as the global chaos impacting them. While the importance of such analysis varies from trader to trader, we must be aware that currency markets are greatly influenced by it.
That’s because this analysis – especially with currencies – helps to remove that urge to trade on gut reactions and what may be happening in the world. It removes the noise.
Let’s start with the USD/JPY.Read More
We wanted to bring your attention back to the U.S. dollar to highlight why technical analysis is essential. Days after the currency found double top resistance at 102.10, it began to descend rather quickly as the Trump trade began to unwind.Read More
Harness the power of herd mentality, and you set yourself apart.
Easier said than done, though. Right?
We already know that following the herd blindly can have major consequences and potential losses, especially given that it has become very easy for one trader to influence other traders.Read More
It’s all about getting ahead of the pack.
The more well prepared you are, the more likely it will happen. While we’ve spoken in-depth about many momentum indicators up until this point to do just that, there’s another one that deserves just as much attention –Fibonacci Retracement Levels.Read More
Let's put Gold under a technical microscope. In March 2017, gold ran on the perfect storm.
Leading up to the hike in interest rates, the price of gold pulled back from a high of $1,264.90 to $1,200 on fears the yellow metal would quickly fall out of favor. Instead, shortly after that pullback, it caught and held double bottom support at $1,200 where buyers began to accumulate the metal on global uncertainty with elections.
“Men, it has been well said, think in herds; it will be seen that they go mad in herds, while they only recover their senses slowly, and one by one,” noted Charles Mackay in Extraordinary Popular Delusions and the Madness of Crowds.
Granted, that was written in 1841.Read More
The U.S. dollar looks like it caught the flu. And apparently, it would appear that bullish bets on a higher U.S. dollar, sparked by Trump’s win and his pledge on tax cuts, deregulation and federal spending programs has managed to unwind.Read More
When it comes to technical analysis, it’s very easy to become overwhelmed with the shear number of indicators. Everything from Bollinger Bands and MACD, to moving averages and accumulation/distribution lines can make even the most seasoned pros a bit cross-eyed and batty after awhile.
One of the rarest precious metals is having its best showing in years.
Not even gold (up 10% from a low of $1,146.50), silver (up 15% from $15.94) or even copper (up 6% from a low of $2.448) can touch it.Read More
No one has ever been a big fan of taxes. But we have no choice. It is what it is. It’s one of life’s certainties next to death.
While we typically talk about technical patterns here, we wanted to offer some key advice when you move to file your return:Read More
There are hundreds – if not thousands -- of ways to study a chart.
Look through Steve B. Achelis’ Technical Analysis from A to Z if you have a chance. There are nearly 330 pages worth of examples, including the Parabolic SAR, or the Parabolic Stop and Reverse, which can help indicate momentum. It can also be used to indicate a higher probability of pivoting and switching direction.Read More
It’s hard to argue the Bitcoin has become one of the most volatile – but rewarding currencies of the last year. Up nearly 180% in a year, there are no clear signs the rally could stall.
Instead, should momentum continue, the crypto-currency could hit $1,216 before long.Read More
When it comes to technical analysis, there are thousands of patterns to watch for, decipher and understand along the way.
They’re not so tough to understand.
In fact, one of the easiest ones to understand is the channel, defined as two parallel trend lines within a tight trading range. The upper line connects the price peaks in the channel while the lower line connects the price lows.Read More
As it turns out, Americans still love their coffee.
In December 2016, a predicted surplus coupled with a stronger U.S. dollar, sent coffee prices screaming to a low of $1.42. But it was at that point that coffee hit an unsustainable low with incredibly oversold momentum metrics, including Relative Strength, MACD and Money Flow.Read More