While the "edge" or probability for the trade may be 50 percent or less (accumulation pattern is not what it was a week ago), SSO does provide a low risk entry point that can be easily managed with a stop under the recent lows. ... Go to Full Article

I left my analysis of FXI open ended in the last post and a few of you seem to think I was bearish! The pattern is in fact quite bullish, and points to a bottom formation. Compare the current volume pattern to that during the top and ... Go to Full Article

The FXI weekly chart is quite illuminating and a good example of the importance of volume. What does the current volume pattern tell us? Compare to the previous volume patterns during the top and bear run, and the answer is clear . . . Go to Full Article

Here's the game plan for Monday. I am pleased to see a number of breakout-pullback setups forming. It's been a while since I've been able to trade this break and butter setup http://docs.google.com/View?docid=d5z8q8w_418dqr8n3gm Today ... Go to Full Article

This is amazing , how this guy can control the plane with just one wing and landing on the runway. Honestly I'm not quite sure if this is possible but the video looks really real. ... Go to Full Article

The European confidence in the economy dropped to the lowest level of the last 15 years, showed the German IFO institute report today. According to IFO, the economic situation worsened in almost all countries of the euro area and should ... Go to Full Article

I have been browsing through the internet these days, and discovered that a lot of people are currently using the Internet to help them cure their financial woes, find encouragement and comfort, and help plan their financial lives. ... Go to Full Article

London is a big city currently with more than seven million people. It is famous for its attractions including shopping, entertainment, arts, education, literature, sports etc. and all of these things attract the whole world. ... Go to Full Article

Chart courtesy of stockcharts ( click to enlarge ). NOK - The stock broke down from this descendong triangle by falling 6 per cent, accompanied by above-average volume. With this recent fall, the moving-average convergence and ... Go to Full Article

As we saw in the recent post, sustaining sound decision making during the heat of battle can be a major challenge for traders. Many traders try to correct that situation by writing in journals or simply by vowing to do things ... Go to Full Article

Most readers are probably aware that I started a new blog in support of the Trading Coach book that will be coming out in the first quarter of 2009. Over time I'll be developing the new blog into a resource collection for traders ... Go to Full Article

So often in my meetings with active (intraday) traders, I hear the phrase "in the heat of the battle." Usually what follows that phrase is a description of some trading mistake: trading too aggressively, ignoring risk guidelines, ... Go to Full Article

I spent the day in Chicago meeting with traders; here are just a few thoughts from those meetings: * Risk Management - If you lose 10% of your trading account, you need to make 11.1% on the remaining capital to get back to even. ... Go to Full Article

Why would anyone want to own Apple (AAPL) for anything more than a quick bounce trade? Take a look at these charts. First we have a pennant/triangle consolidation pattern that has formed marked by the red trend lines. ... Go to Full Article

On Friday Oct 7th, I released a series of videos that detailed several industry/stocks that I thought were headed for more down side. I also felt like we were likely to see more downside in the market and the probability that a trading ... Go to Full Article