Currency Chart Patterns Worth Paying Attention To

Posted on by
EURNZD triangle march 29 2020
The forex market is experiencing glorious volatility for day and swing traders. It is a major wealth-building opportunity for those who take advantage. I discussed some of the ways to take advantage in Things to Remember When Trading Volatile Markets. In that article, I mentioned that “biases kill me” in volatile conditions. Trying to predict which way the price will go will mean lots of missed profitable opportunities. I let the price lead and I…

Things to Remember When Trading Volatile Markets

Posted on by
cadjpy hourly chart consolidation
When day trading or swing trading volatile markets, there are several things to keep in mind. I bring these up because many newer traders that have only been trading for a few years may have never experienced very volatile markets, like what we are seeing right in the stocks and forex markets. Things I Remember, and Do, When Trading Volatile Markets These are general guidelines, and are not meant to replace a valid trading strategy.…

Stocks and Oil Tank, Safe Haven Currencies Rally Further

Posted on by
sp 500 with breadth indicators March 9 2020
The S&P eminis are currently limit down at -5%. That is likely going to expand once the main trading session begins. I see no reason to buy stocks right now, for swing trading or investment. Once there is a turn higher there will be plenty of opportunity and time to buy. As of Friday, March 6, less than 14% of NYSE stocks were above their 50-day moving average. We also have a dropping Advance-Decline line.…

S&P 500 Outlook, for Swing Traders, as Stock Market Falls

Posted on by
S&P 500 ETF with AD Line and stocks above 50-day MA Feb. 25 2020
Here are some tools and tactics swing traders can use to determine when it is time to starting swing trading on the long side again. The major indexes have fallen this week, with the S&P 500 off its Feb. 19 high by about 6% in morning trading on Feb. 25. I am trader. Any analysis I do on the indexes is not meant to forecast the market per se, but rather give myself a framework…

Two Currency Pairs at Major Support Levels (EURCHF, EURGBP)

Posted on by
EURCHF hourly at major support Feb 18 2020
The EURCHF and EURGBP are near major support levels and present trading opportunities. Here are some ways to trade them One of my main strategies to look for trades near major support or resistance levels. There are a few different parts to the strategy. The first is isolating a major or important level. The price then needs to move to near that level. I like to wait for the price to consolidate near the important…

US Stocks Recently Added to My Swing Trade Watchlist

Posted on by
These are stocks recently added to my watchlist. They include CTVA, SE, DCPH, AYX, and AVLR. Each weekend (or two) I go through my scanners and write down stocks that are close to my criteria for triggering a trade. This is the “uncut” list. I then go through my watchlist and actually look at whether each trade has a decent reward:risk profile, and will reassess the actual chart. Sometimes a stock that isn’t so good…

Anticipate Where Price Will Be To Become a Better Trader

Posted on by
MSCI consolidation break outs Jan 29 2020
There are lots of differences between successful and unsuccessful traders. One of those differences is anticipating where the price will be so you can make a plan, as opposed to what many want-to-be-traders do, which is come up with an idea and then expect the price to do what they want. If you anticipate where the price is going to be before you trade, you are going to put yourself in a much better position…

Gold and Gold Stock Outlook as the Price Consolidates Awaiting Next Move

Posted on by
gold stocks 1-year performance
Gold is in an uptrend. It started out the year with a flurry to the upside, but since Jan. 9 has traded sideways in a relatively tight range. Silver experienced the same early-in-the-year rally but has drifted lower since. From a trading perspective, a tight consolidation—like the one occurring in gold—is favorable. While there is a potential for a false breakout or two, these types of patterns tend to provide high reward:risk trading opportunities. Given…

Investing is speculative. When investing your capital is at risk. This site is not intended for use in jurisdictions in which the trading or investments described are prohibited and should only be used by such persons and in such ways as are legally permitted. Your investment may not qualify for investor protection in your country or state of residence, so please conduct your own due diligence. This website is free for you to use but we may receive commission from the companies we feature on this site. Click here for more information.