(Q) Since speculators are often looking for the same chart patterns, and act on them, therefore causing and validating the patterns almost simultaneously, it follows that most short term movement is technical, not fundamentally related? Further, if this is true, […]

An important concept to understand when trading with support and resistance is what I call a *S/R Confluence*. A confluence of S/R happens when numbers from several different methods fall within the same area; when several technical indicators line up

Many begining traders are tempted to trade or hold a position every day, and that may be a costly tendency very often. Trades should be selected for definitive reasons, not because you presently dont have any activity in your trading

Some traders, many of whom began their investment careers in the stock market, have a tendency to engage in a practise known as averaging, or scaling. When you average/scale, you buy more of a commodity or a stock as the

If you are to trade successfully on the basis of going with the main trend, you must take several factors into account. Which is not to say, however, that to do so is difficult or time consuming. It is not.

Having started young and naive, I was thrilled with the idea what all those profits will do for me… Always thinking there was some magic formula, system, methodology, or better yet, some magical Guru who had the answers. Well, had

Initially I thought I wouldnt, but I have to say this. Cause its funny how many letters – most of them anonymous – I have received lately asking to reveal my personal track record. Well, why wont I prove my

Forecasting techniques make it easier for a trader to develop a directional bias, anticipate changes in a trend, and pre-plan strategies. When we develop a *bias*, it must be understood that it is solely for the purpose of planning a

As the year end is approaching and trading volume is getting thinner and thinner, I can see a lot of folks getting nervous and restless, looking for some shot in the markets. The usual scenario is they wind up whip-sawed,

Greetings folks. First of; speaking of this site; I really like what I see here so far, wanna thank to all of our contributors and also wanna thank for all the feedback we are getting from YOU. Please continue asking

Steve, Sorry to see you go. You will be missed. Walking away from it, may be a good decision. It probably is better for you to quit now, rather than worsen the situation. I know how you feel, having spent

As we start the new year… and as new lurkers appear… the question begs to be asked once again. IS TRADING FOR YOU? Are you willing to do WHATEVER it takes to succeed? Are you willing to take the time

Thus far I have only discussed ideas regarding price action. And while learning how to read the market like a pro is important… one can never trade like a pro until other factors are addressed. These factors, which I call

Now going back to my argument of keeping things simple. How can I possibly preach the need for simplicity in the light of different analysis and indicators I use? Well… I never said the business of trading was simple… only

What is important to know about S/R levels is that many often use them only as potential reversal points, when in fact, they become reliable BREAKOUT LEVELS. This is the importance of integrating trend analysis with S/R levels. There is

Greetings! Just wanted to point something out, particularly to a newer trader. A reversal day with a weak close, in a downtrend, after a correction… is my strong strong sell signal. Fridays reversal day in the NQ and S&P was

Fear is a natural emotion that comes with trading. Beginners often dont have any fear, because they dont know yet what the market can do to them. As we accumulate experiences of losing trades, our mind will remind us of

You gotta do your own homework, period. There is no shortcut for you here. If you rely on tips, rumors, mentors and the like, chances are, you wont last long as a commodity trader. Even competent advice, such as that