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.
Technical Analysis
Technical Analysis Trading Secrets Series
- Are you wondering if technical analysis really works?
- Does it feel as if everyone has mastered technical analysis but you?
Technical indicators are a paradox. They work but they don’t. Sure, if you catch a moving average crossover with a MACD divergence and the trade pays off you feel like a veritable wizard. But what happens when the technical stars align and the company is busted for accounting fraud or any other number of unscrupulous activities. Well I can tell you but I feel like you already know. Nothing good!
That said, technical indicators and their analyses have been as much a part of the financial markets as the invention of the bat has been to the ball. Without the bat we wouldn’t have baseball and without technical analysis we wouldn’t be able to identify potential trading opportunities.
In the posts listed here I’ll highlight and discuss popular technical indicators. I hope the information and the indicators serve you well.
Placing High Probability Trades using Fibonacci Levels
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.
Read morePlacing High Probability Trades using Fibonacci Levels
What is the difference between technical analysis and technical indicators?
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?
Easy Options Trading Strategy that Really Works
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
A fool’s guide to directional trading
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