Double-top formation is the most apparent technical indicator we are focusing on. RSI bearish divergence adds some strength to the potential double-bottom. Why expectations lead to disappointments in financial markets. Technical Analysis The daily chart on 6B is currently forming a double-top pattern. Price is still a way away from the neckline, but traders who Read More…
Gold completes a bullish break of a rising wedge pattern on the daily chart. RSI is overbought and showing signs of a possible consolidation or retracement. A very interesting story about a gold futures trader who did not close his position in time. Rising Wedge Update Last week we looked at the rising wedge in Read More…
A quick summary of what 2022 has shown us and what we can take into 2023. A look into the importance of trader psychology. Technical analysis on various markets and a final note from Jay. What 2022 Has Shown Us 2022 has not been a year for the long-term investor. Traders with solid strategies and Read More…
The market does not care about you and never will. Why visualizing will show you incredible results How to start visualizing. Read each paragraph slowly, and do not rush through this article. Too many traders and investors throw money away by having absolutely no idea what they want the markets to provide them with. They Read More…
Why it’s impossible to be successful if trading from fear. Overcoming past losses. Having expectations could be detrimental to your trading. Fear is one of the biggest obstacles traders and investors face. It’s a debilitating force not many know how to deal with. The emotion of fear needs to be comprehended first; then, we can Read More…
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…
