Many traders may agree, using trendlines is like trying to paint a Picasso. We’ve all seen the trading guru’s chart with them drawn in, they seem so clear, so ridiculously crystal clear about what to do next its almost painful. Why then do I and so many others struggle to use them? In the next few paragraphs, I hope to simplify trendlines and shed more light on their use.
In my last post I mentioned placing a pin in the discussion about finding trades after Fib levels were identified. In today’s post were going to pull the pin and continue our conversation about high probability trades.
Is there even a difference between technical analysis and technical indicators? Does the use of one lead to the other? The answer to the first question is, yes there is a difference but most don’t bother to understand it. The answer to the second is, kind of, but it’s the proper use of one that … Read more What is the difference between technical analysis and technical indicators?
Hey traders, lets get right to it. I want to share with you an easy options trading strategy, more appropriately, an incredibly accurate trading strategy. I’m tentatively calling it the MACD dive or the MACD rise, to highlight the exact indicator we’re using and the desired directional trade we’ll be looking for. Before getting started have a look … Read more Easy Options Trading Strategy that Really Works
First off, as is evidenced in the title above, this post is all about directional trading on any desired market. As I always try to do, I’ll also supply an example along the way to solidify my ramblings. Please be aware that this approach represents just one of thousands or maybe millions of different methods to analyze market direction. … Read more A fool’s guide to directional trading