Ninety per cent of the time, the market is either in a channel or in a trading range, and it is better to buy at support and sell at resistance. This a good Forex trading strategy…in fact it is a good trading strategy for any market. In a bull channel, support might be the bottom […]
Will the stock market enter a Trading Range in 2014?
Will the 2014 stock market enter a trading range? I hope that this blog about monthly price action will help traders learn how to trade the stock market a little better. The monthly chart has had a series of buy climaxes over the past 5 years and now is at the top of channels on […]
Stock market report for August 2013
In this Stock Market Report for August 2013, I discuss the probability of the stock market putting in the high of the year over the next several weeks as well as a case for 1875 in the S&P within a year or so. I also talk about the price action in monthly bonds, gold, and […]
How to trade foreign exchange market weak breakouts
This is an example of Forex exchange market trading, showing how to trade a weak breakout in the EURUSD. It is from my Futures Magazine webinar for the Traders Expo earlier this week. This is a transcript that was created by YouTube’s Close Caption voice to text, so it probably is not perfect. Hi. I’m […]
Scaling Into trends. example using the forex and currency futures markets
I posted a version of this on Friday, April 26, 2013, but the content was not as clear as I wanted. I remade it today, Sunday, April 28. This video complements my May, 2013 article on Scaling into Trends in Futures magazine. In this video, I am using a 5 minute chart of the Euro […]
Emini bear expanding triangle
The 5 minute Emini had an Expanding Triangle and many Major Trend Reversals this week. The Emini continues to form lower highs and lows on the daily chart and now is just above the bottom of the wedge top. It is in a bear trend, which might fall much further or end up as simply […]
