I try my best to stay away from "call-out" type posts because that's not really what I'm about. That being said, I'm doing one today in conjunction with an educational post because they fit together pretty well. Note: on the main chart I'm submitting with this, the topmost moving average (where price is resting as I write this) is the 200HMA using daily candles....
Now that it looks like that blip on the radar is behind us on CME_MINI:ES1! and AMEX:SPY , I wanted to take some time to go over a couple of things I look at to gain confidence that the end of the dump is near whenever these drops happen. These are purely price-action and volume related, no fancy indicators or anything involved (thought I do use other things in...
I'd like to talk about something that is probably the most criminally under-discussed part of being a technical trader: levels. It's great to learn what indicators work for you, how to scope out price supports, price resistance, trend lines, and things of that nature for sure-- but that's not everything. Being able to use oscillator levels to your advantage as...
Take a look at the chart above. Now take a look at this one. And now take a look at this one. There’s something that all three of these charts have in common and it might not be what you think it is. I'll add before going further that this is probably going to be my most crapped-on post here but it is what it is. I want to talk about the problem of...
Let’s take a minute to chat about the Head and Shoulders pattern. It’s probably one of the most widely used, talked about, and commonly dissected chart setups on Earth and for decent reason. In my experience it’s a reasonably reliable chart setup if you follow the actual rules around it. Importantly, there’s some pretty basic market psychology to back up the...
On 4/14/2021, Coinbase went public with the ticker NASDAQ:COIN . This was a pretty heavily-anticipated listing if for no other reason than that there aren't really any other crypto exchanges you can buy that are traded on a major US exchange. There are some OTC options, but when it comes to a symbol that trades on a US exchange this is a big milestone. Tons of...
Continuing the few posts I want to do on basic indicators/setups that I personally use, I'd like to talk about a super effective and very simple chart setup that uses a very common indicator: Bollinger Bands . I'll reiterate that TA is never, ever, ever 100% accurate and wild cards come up that break the mold of even the most reliable setups, so keep that in mind...
This is the beginning of what will probably only be a few posts about basic indicators/setups. Everything I chat about in these will be something that I personally use, something that is very simple to use, and something that is historically incredibly reliable. Something to keep in mind with TA is that there's a lot of garbage out there, and often times the more...