Chart patterns are one of the most powerful tools you can use in your trading (only if you use it correctly). For example, it can help you: Read market conditions accurately so you know whether to buy or sell Get out of losing trades quickly and better manage your risk Find high probability trading opportunities […]
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 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 Symmetrical Triangle Trading Strategy Guide
Have you ever traded the Symmetrical Triangle chart pattern? If you did, then you know it’s not as easy as it seems. For example: You might have thoughts like… Should I trade the breakout of the Symmetrical Triangle or do I wait for a pullback? Where should I put my stop loss so the market […]
Cup and Handle Pattern Trading Strategy Guide
I first learned about the Cup and Handle pattern from the book… How to Make Money in Stocks: A Winning System in Good Times and Bad. This is a powerful chart pattern that’s used by stock traders to capture explosive breakout moves — where the stock price could increase 1000+% within a few years. Insane […]
Head and Shoulders Pattern Trading Strategy Guide
You’ve been taught when a Head and Shoulders pattern is formed, the market is about to reverse lower. So, you short the market. However, the market continues to move higher, and you get stopped out. I know. It sucks to lose especially when you’re doing something that’s “supposed” to work. But as it turns out, […]
The Ascending Triangle Trading Strategy Guide
Here’s the deal: I’m not a chart pattern trader. However… I LOVE trading the Ascending Triangle chart pattern. Why? Because when other traders get stopped out, they help “push” the market further in your favor. In short, you PROFIT from the stop orders of losing traders — and that’s why it works. Clearly, this is […]
The Double Top Trading Strategy Guide
You’ve probably heard the term Double Top hundreds of times. And you might have even attempted to trade this pattern yourself. But when you look at the charts in real time, it’s not as simple as it seems. You encounter issues like: Do I enter on the re-test or the break of the neckline? Do […]
The Bull Flag Pattern Trading Strategy
Let me ask you: Have you ever waited for a pullback that NEVER comes… only to watch the market move higher without you? It sucks, I know. But the good news is… it’s easy to fix this problem. How? By trading the Bull Flag Pattern. Now you’re probably thinking… What’s a Bull Flag Pattern? Where […]
The 5 Problems With Harmonic Trading And How You Can Fix It
Have you ever heard of trading patterns called Gartley, Butterfly, Bat or even Crab? If you did, then you probably come across harmonic trading as an approach to trading the markets. Like most traders, I was enticed by this trading approach because it allows me to predict turning points in the market, have a good risk to reward ratio […]