Chart of the Week

A Candlestick Alone is Not a Trade Setup

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Do You Invest or Trade, Read On

Do you trade Stocks, ETFs, Futures, Commodities or FOREX? Do not fall for the hype that you need indicators to determine turning points, the trend, support, resistance or a trend change. So many will fall prey to a sales pitch for an indicator or for specialized...

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Learn to Use Multiple Time Frames Video

Learning to use multiple time frames is one of the hurdles that technical investors and traders have difficulty to overcome. Charts are like pictures that tell a story about a trip. The trip can be higher, lower or standing in place (sideways). Along the trip, prior...

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Bears Were Mauled Today, What's Next Video

What a reversal day -- the bears were mauled today! The day started out looking like the Breakdown Bar Failure (BDF) I suggested would set up after Monday's breakdown -- and could move prices higher -- was going to be a Failure itself. I thought, "Oh boy, Mr....

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Quit Your Job and Be a Prop Trader?

The idea of Prop Trading as a profession is based on the concept that "professional prop traders" are allowed leverage beyond the 4:1 retail day trader limit. What makes them professional? If banks can leverage deposited funds in the area of 30:1, why shouldn’t a...

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