Their entry parameters have a historical edge that gives them a real probability of profitability. They are profitable becasue their winning trades are bigger than their losing trades over long periods of time. This is either due to a high winning percentage or really big wins when they are right. The successful traders know […]

$SPY has not closed beneath the 50 day sma in 27 trading days. This is our line of support. The 50 RSI on the daily chart has been our support level as well these past 27 days. With about a 3% return in $SPY this year the risk of long equities has really not been

    There is so much bullshit with traders on social media that new traders have trouble seeing what is valuable and what is noise and confusion. Salesman abound with subscription services and playing make believe like they never lose. The vast majority of traders are pretenders, they have not done the homework to be

  While $IWM has been fighting back and forth to take and hold the 200 day line looking more closely at the $IWM chart it appears that the sellers have been waiting at the 50 RSI level on the daily chart to exit $IWM longs. Short term moving averages have been of little use in

Many are finding this market environment difficult to trade with the loss of the great trends we have had over the past two years here is what I see. With $SPY setting on a less than 2% return for the year this signifies 2014 has been a range bound market. This is the year that