Market Wizard Richard Dennis known as the ‘Prince of the Pit’ turned $1,600 into $200 million in 10 years trend trading commodities. What happened when legendary trader Richard Dennis put a want ad in the paper to hire traders? What kind of results would ordinary people have if they were given a winning system and […]
Richard Dennis’ Rules For the Turtle Traders Read More »
No trading strategy works all the time because the market doesn’t stay the same. Markets change from range bound, to trending, and at times become very volatile but go nowhere. Quantified trading signals can be based on different types of price action patterns created in different types of market environments. Trend traders buy high in
Four Price Action Patterns Read More »
This is a Guest Post by Chuck McCleary @optionsappetite. When the Volatility Index (or VIX) gets above 20, most traders take their foot off the gas due to heightened uncertainty in the markets. But to options traders that sell premium, higher volatility equals more opportunity. Let me explain why. Historically, implied volatility (IV) is always greater
3 Best Direction Neutral Options Trading Strategies Read More »
This is a Guest Post by Jake @TrendSpider. In this weekend’s analysis, we take a look at the continued volatility during the month of August. The markets were anything but stable with huge moves to the downside and upside but SPY managed to hold above it’s weekly EMA (50) which has been a crucial level in
Daily Versus Weekly Chart Setups on $SPY $QQQ $XBI Read More »
The Donchian channel is a technical indicator used by traders as a tool for trading price ranges. It was created by the father of trend following Richard Donchian. A Donchian Channel on a chart is created by using the highest high and the lowest low of the last periods of the timeframe on the chart. The space between the
How the Donchian Channel is a Support and Resistance Indicator Read More »
Technical analysis is a process for evaluating the historical price action on charts to identify the current trend or chart pattern to establish the possible probability of price action in the future. Technical analysts analyze past price action trading activity and the pattern of price changes in a market to project possible future price movements. Technical analysis
What is Technical Analysis? Read More »
Chart Facts: The ascending triangle is a bullish chart pattern that usually forms during an uptrend as a continuation pattern. Sometimes an ascending triangle pattern will form as a reversal pattern as a downtrend comes to an end, but they are usually continuation patterns in an uptrend. Regardless of their location during a trend ascending
What Causes an Ascending Triangle Pattern? Read More »
This is a Guest Post by Jake @TrendSpider. TrendSpider is happy to announce our first-ever “Chart Pattern Beauty Contest” which will first be judged by the fintwit community through the hashtag #TrendSpiderContest19. Then, the top 25 charts with the most engagement will be judged by Steve Burns, Brian Shannon, TraderStewie, and John Caynor. Learn more below and see
The Chart Pattern Beauty Contest Read More »
I like moving average signals for their power and simplicity in trend trading and here is why: Moving averages are a way to smooth price action and quantify a trend. Moving averages are tools that can work on any time frame. They can remove your predictions and opinions from your trading and replace them with
Why Moving Averages are the Best Trend Indicator Read More »
After reading hundreds of trading books, here are the ones I found to be the best for helping me make money in the stock market specifically. ‘How to Make Money in Stocks: A Winning System in Good Times and Bad, Fourth Edition’ This book shows the results of the extensive research that William O’Neil put
The Five Best Stock Trading Books Read More »