I describe trading candidates and possible action for selected, low-risk trade ideas to review.
When playing a breakout trading opportunity, a trader must be aware of the possibility of a “Kiss” outcome where price retraces directly back to the trendline only to continue the breakout. There’s a couple of trading lessons we can learn from Gold’s recent “Breakout and Kiss” Outcome, so let’s take a look at what insights…
For traders new to trading chart patterns, a textbook example of the Bearish Rising Wedge pattern developed in textbook fashion which can serve as an excellent real-world example for you. Let’s take a moment to identify the Bearish Rising Wedge Pattern and how it played out perfectly in HPQ shares. Here’s the bigger picture on…
With the recent breakout and short-term bullish trend reversal, Apple (AAPL) shares have continued higher to close above the 200 day SMA. Let’s focus on a key price level and potential bull flag or retracement set-up that’s developing at the moment. A quick glance at the chart shows the critical support ‘polarity’ level into $480…
There have been three recent “Bull Traps” or initial breakouts that resulted in a sudden failure (reversal) of price and it’s always helpful to study the lessons from these recurring patterns. Let’s take a look at three intermarket examples (Treasuries, the US Dollar Index, and the US Stock Market) and find the insights these examples…
The stellar intraday reversal in the US Equity Indexes mid-day June 3rd gives us a great educational reference lesson in visual chart patterns that tend to precede divergences and how we can adapt in real time. Let’s take a look at the downtrending intraday action, multi-swing (and multi-indicator divergences), and the trendline breakout that triggered…
It’s helpful to study the trades of the day to learn important lessons we can apply to future sessions. We want to know if we made any mistakes and thus need to correct them, or whether the market gave a valid trade signal yet real-time developments overruled the original trade, resulting in a loss. Sometimes…
As a trader, I’m drawn to key price or trendline inflection points that generate simple “IF/THEN” strategy planning events depending on how price interacts at a critical reference level. At the moment, Amazon (AMZN) shares are trading down from a critical inflection point that will set the stage for short-term trading strategies for the stock….
What looks like a “can’t miss” trading opportunity on one timeframe may be an equally compelling “can’t miss” opportunity on a higher timeframe, but in the exact opposite direction. In other words, what looks like a grand breakdown opportunity on a Daily Chart may be a high probability bull-flag retracement set-up into support on the…
As we did with the recent update on Gold’s structure and key levels, let’s take a look at the current progression and price structure that’s developing in Crude Oil. As an educational bonus, we’ll review one of my favorite chart patterns that completed with a powerful outcome. First, the Hourly Intraday Structure Chart of Crude…
December 4th’s intraday trading session provided an intraday reversal opportunity and I wanted to take a moment to review the main lessons in anticipating – in real time – and then trading an intraday stock market reversal. Let’s review the steps a market tends to take prior to an intraday reversal and then highlight the…