Articles for: United States

This may sound unseasonable. Most market commentators are beginning to come around to the idea that the current pullback was an expected correction and things are going to waltz along as before.

Trend strength is an important part of trading directionally when it comes to most systems. A while ago, we looked at an additional criteria that a ProfitSource user employed at one of our software training sessions.

In this age of computers and technical trading software, Welles Wilder’s Relative Strength Index (RSI) remains one of the most popular indicators in technical analysis. <

The week went from renewed confidence after the US Federal Reserve cut discount rates by 0.5% to renewed worrying about the still-unfolding US sub-prime mortgage saga.

Not sure if it’s been quite a decade but it does not matter. I sold down and tried my hardest to be a bear and I had a miserable week. It confirmed all I have always believed.

Because by the time this goes to print I will be back going long again. I just can’t help myself. Maybe I have an addiction. Maybe I have a problem.

Taking a contrarian view is often what trading (and investing) is all about.

Why it is that round figures loom large?

Trading a break of a trend line is one of the oldest technical trading methods around.

I read a great quote over the weekend in the Astrology section of the Sunday paper. It said under my star sign that you have to measure the “freight costs of your ambition”. I thought what a great way of discussing the road to your outcomes. Like all things worthy of effort, learning to trade will have its fair share of trials and tribulations.