Let me ask you… Have you ever buy a breakout because you think the price will move higher? After all, the textbook says a breakout is “confirmed” when the price closes above Resistance. So, you go long. And the price moves in your favor (a little). But the next thing you know… The market does […]
The Complete Guide to Stop Loss Order
What is a stop loss order and how does it work A stop loss is an order that protects your trading capital when the price moves against you. An example: You buy Apple shares at $230 and have a stop loss order at $200. This means if the price of Apple drops to $80, you […]
The Double Bottom Pattern Trading Strategy Guide
You’ve probably seen headlines like these… “Dow plunges 1000 points, erases gain for 2018!” “Oil heads for seventh weekly loss on signs of global supply glut” “Bitcoin crashes, now what?” And you think to yourself… Is this a good time to buy? Well, not so fast. Because the last thing you want is to catch […]
The NO BS Guide to Technical Analysis
You’ve been lied to. Technical Analysis is not what you think. It will NOT make you a profitable trader and can even mislead you to make the wrong decisions (like buying when you’re supposed to be selling). Why? Because what you’ve been taught about Technical Analysis is WRONG. For example: You “blindly” trade the patterns […]
The Hammer Candlestick Trading Strategy Guide
According to most textbooks: Whenever you spot a Hammer candlestick pattern, you should go long because the market is about to reverse higher. And that’s what you do. But the next thing you know… The price immediately reverses and you get stopped out for a loss. And you wonder to yourself: “Wait a minute, isn’t […]
The Complete Guide to MACD Indicator
This won’t be the usual MACD indicator stuff you see online. I won’t tell you to… Look for a MACD Divergence Wait for a MACD Crossover Wait for the MACD Line to cross above 0 Here’s why… The MACD is just like any other indicators — it’s NOT meant to be traded in isolation. If […]
Bearish Engulfing Pattern Trading Strategy Guide
Do you know why most traders lose money when trading the Bearish Engulfing pattern? It’s because they treat them all the same! Here’s the thing: You can have two identical Bearish Engulfing patterns but, one is a high probability setup and the other is to be avoided (like how you run away from a stinky […]
Does Technical Analysis Work? (It’s not what you think)
I’m sure you’ve wondered… “Does Technical Analysis work?” “Is trading as simple as drawing a few lines on the chart?” “Is Technical Analysis all I need to become a profitable trader?” Now: You might say Yes because everything you need to know is on a price chart You might say No because you need to […]
The Bear Flag Trading Strategy Guide
Here’s the thing: If you study most trading textbooks, you’ll learn the Bear Flag is a bearish chart pattern. And what would most new traders do? You identify a Bear Flag Pattern and go short immediately. Then the next thing you know… The market reverses higher and whips you out of your trade. And then […]
The Complete Guide to Breakout Trading
Do you trade breakouts? Then you know breakout trading can be exciting. The price quickly moves in your favor and make it seems like you’re printing money. However… Breakout trading can also be painful. For example: You notice the price breaking above Resistance. The candles are big and bullish, so you go long. But suddenly, […]
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