How to deal with your emotions during trading. Accepting you have no control over the outcome. A simple exercise before each trading session. Typical Trader Story You click your mouse to place the trade; however, the overwhelming confidence of paper trading has now deserted you. Perhaps you had better double-check the formation. After much internal Read More…
The Monthly chart is extremely bearish. We could see the price touching $10,000 as a possible target. Gaussian channel retracements provide short entries on the 4H chart Monthly Candles The monthly chart is bearish as prices trade below the year’s low of $11,068. The candle for this month also seems to be in a free-fall Read More…
A Bart Simpson Pattern on 4 Hour chart Anticipating Long opportunities around key levels Bart Simpson Pattern A Bart pattern has been completed on the 4 hourly charts. It’s usually a good pattern to trade in a downtrend as a continuation pattern. However, since the price has retraced into the multi-year support zone, we expect Read More…
CL rallies 12% this week. Bears vs. Bulls – Who will dominate? A potential way to trade the current price action using the pullback ema strategy. CL Trading Above $86, What It Means? We have seen a swift reversal, with CL gaining over 12% this week. The game is not over for bears, though a Read More…
YM Bounces Out Of Major Support Fibonacci Moving Average Analysis Spinning Top Candlestick From Yesterday’s Session A possible Dead Cat Bounce? YM Bounces Out Of Major Support The E-mini Dow (YM) traded inside the support band between $28,688 and $29,692. This area is within the accumulation zone and topped back in 2020. The rumors that Read More…
Gold rallies 7% in a week on the back of weak US data Prices Rally back inside a multi-year support zone Pivot Points give potential turning points on shorter time frames Gold Rallies On Back Of Weak US Data and Dollar Gold prices rallied over 7% within a week as the US reported weaker data Read More…
The UN and other Economists Urge Fed To Halt Rate Hikes NQ Bouncing Off Yearly Lows False Break Candle Setup UN Urges Fed To Halt Rate Hikes Even though these articles are focused on technical analysis, we cannot forget the macro-economic picture because it can significantly impact our technical decisions. The UN has urged the Read More…
Overall Trend Remains Bearish As Momentum Indicator Continues To Slump Analysis Of Parallel Channel, Moving Average Band, And Momentum Indicator Potential Game Plan As Euro Continues To Slide Bearish Trend Continues There is not much change in the daily chart from when we previously analyzed 6E back in September. We were looking primarily at taking Read More…
The yearly low support breached. What the correlation between the major indices tells us Lackluster price action on the shorter time frames Yearly Support Breached The E-mini S&P 500 (ES) traded at the yearly low of $3,639 for the first time since June; prices actually breached the low before moving back upward and have been Read More…
Why trader psychology is the most underappreciated element in trading. Cultivating self-control and discipline. A Practical exercise to improve discipline. Psychological Trading Mastering the psychology of trading is one of the most challenging yet underappreciated elements of learning how to trade the markets, regardless of whether one trades part-time from home or trades professionally for Read More…
