Markets hate undertainty and that is reflected in the large volatility we continue to experience. During periods of “heightened uncertainty” like we have now, the choices you have are:
stick to cash,
trade smaller size,
find a different market,
lower expectations,
trade on shorter timeframes.
Risk Management is ALWAYS job #1!!
By Brian Shannon, CMT
Price has memory. That is a key concept in technical analysis. One of the basic tenets of the study of price history is “support broken, tends to act as resistance” the opposite is also a technical analysis maxim, “resistance broken, tends to act as support.” Have you ever considered […]
With the S&P 500 hitting new all-time highs on a consistent basis, many people are wondering when this rally will end. Rather than focus on what could go wrong, I like to focus on the opportunities in front of me and manage risk in each trade on its own merits.
I am […]
The video below is the recording of the presentation I did at the Trade Ideas Summit. The picture below the video shows what is covered, there is a LOT of information packed into an hour. If you are interested in Trade Ideas software, THIS LINK allows you to test drive the entire platform […]
Did you miss the market structure webinar on Wednesday? Here is the recording
Is swing trading the perfect timeframe? I think so
How ominous is the Hindenburg Omen?
920 is an important level in AMZN
We saw sellers show up where they were supposed to and buyers show up where they were supposed to be found. […]
In the Monday night video with trade ideas for today, it was suggested that ATI was a good long swingtrade candidate on strength above Monday’s high of 1922 REVIEW THE VIDEO HERE
On Tuesday morning, the stock opened weak and continued to go through the suggested stop level, thus ruining the initial risk reward. 15 […]
In case you missed earlier in the week, I did a video about HOW TO USE THE VWAP
When people see my videos, one of the most common questions I receive is “how do I get the VWAP to show like that?” The video below shows how to use the “Anchored VWAP by Alphatrends.” To me, it is the perfect combination of Price, Volume and Time. I will host […]
Hourly (60 Minute) Charts are FLAWED
CMG has failed to hold to hold the VWAP from the all time low but the VWAP from 2006 IPO may be the real level where buyers take control.
Did you see where the SPY made its low of the week?
Here are some key VWAPs that $TSLA needs to clear […]
