Make An Honest Self Appraisal

If you are willing to accept total responsibility for your investment results, you will realize that you are the most important factor in your trading or investment success. If you have done that, you are way ahead of the crowd.

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Trend lines – Aren’t they things you draw on price charts?

Well, yes they are but that doesn't mean you can't use them in other areas also

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What is MACD Divergence?

In my opinion, one of the strongest signals generated by technical indicators is MACD divergence on a daily chart. MACD stands for Moving Average Convergence/Divergence and can be quite useful for giving hints of a possible market reversal.

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Behavioral Patterns That Sabotage Traders – Part I

Although I do not maintain a private practice of counseling/coaching for traders, it is perhaps inevitable that traders would contact me for assistance after reading my book on The Psychology of Trading. Once in a while I take on a... (Continue reading)

Using Larry Williams’ Percent Range Indicator in Your Trading

The Percent Range (%R) technical indicator was developed by well-known futures author and trader Larry Williams. This system attempts to measure overbought and oversold market conditions. The %R always falls between a value of 100 and 0. There are two... (Continue reading)

The MACD Indicator: A Great Secondary Tool

The Moving Average Convergence Divergence (MACD) indicator has the past few years become one of the more popular computer-generated technical indicators. The MACD, developed by Gerald Appel, is both a trend follower and a market momentum indicator (an oscillator). The... (Continue reading)

Riding the Third Wave – A Closer look at Elliott Analysis

Traders can use Elliott Waves even without using all the intricacies of this complex analysis method. They can use the clear and rich signals of all waves at macro scale. And they can use wave 3 as a standalone trend,... (Continue reading)

The Use of Moving Averages

Moving Averages may be the most popular technical indicator because they are easy to understand. After all, a 10-day Simple Moving Average is calculated by just taking the closing prices of the last 10 days, adding them together and dividing... (Continue reading)

The Single MOST IMPORTANT Aspect of Futures Trading

Okay, traders: Do you know what is the most important aspect of successful futures trading? Is it identifying the trading opportunity? Is it proper entry into the market? Is it the trading "tools" you are using? Is it an exit... (Continue reading)