One of the most effective ways to avoid losses is to ask yourself “where’s my exit” before you take your entry, which forces you to think about your risk-reward-ratio and plan a better entry – are you with me on this?
Continue readingBuying at support and selling at resistance aren’t enough to produce reliable results – the REAL secret requires a deeper understanding of price action – are you ready?
Continue readingAs the tensions between the US and China escalate during the final stages of trade negotiations, while recent Oil sanctions are effecting the energy markets, it’s easy to let the news media make this sound like the world is ending – but don’t let them fool you – just focus on the chart, and trade the patterns like we always do, because that’s the only sure-fire way to the best results.
Continue readingWe’re headed into the end of the week tomorrow morning, and with markets still waiting on news for the “trade deal” we know that anything is possible.
But no matter what happens with the trade negotiations, I can see two BIG clues that tell me where to find the best (and worst) set-ups on Friday morning – are you ready?
Continue readingNot all support and resistance levels are created equal, and like most traders, I learned this lesson the hard way. The secret to finding the best support and resistance levels is all about market psychology – are you paying attention yet?
Continue readingHow do you know which pattern works best in each situation? I have three (3) things I look for, and we’ll cover those in tonight’s Newsletter Video.
Continue readingThe challenge with sharp pullbacks is dealing with the short-term momentum, which is why I have a specific entry pattern to capitalize on those situations.
Continue readingWe see examples of the “Rule of Three” everywhere in the markets, and with today’s FOMC Announcement now in the rear-view mirror, my plan for tomorrow is to apply the Rule of Three for high-quality set-ups.
Continue readingThe FOMC Announcement is one of the biggest news events we get as traders, but with such high volatility during and after the report is released, its essential to have the right trading strategy – let’s dive in!
Continue readingI look for “Failed Failures” whenever I see a strong breakout of a trading-range – waiting for breakout traders to try using a failure set-up to trade the breakout, just in time for me to trade into their failure!
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