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Understanding Trading Patterns - Part 2
In the first part of this series, we discussed that a Market is a collection of separate traders, and much of the analysis done to get a trading edge is really just a way to identify "who is in control" and what they are doing … rather why they are trading. Here we will examine
Tough Week for World Markets Ends A Worse Month
Tough Week for World Markets. Taking a global view, many markets around the world went down last week. Notably, Spain's IBEX was down 5%, Germany's DAX was down 4%, and the NASDAQ was down over 3%. The Month Was Worse! Taking a macro view, last month was tough all over the
An Explanation of Why Pattern Recognition Works in Trading
While some people believe that markets are random, others make money by using rule-based trading systems that rely on certain patterns to identify favorable trading conditions. Traders, at every level, search for a tradable edge. Some find it in fundamental analysis; others find it in technical analysis or chart-based patterns; still others find an algorithmic
Some Links for Your Weekend Reading
Interesting Thought: The new illiterate will be those who cannot learn, unlearn, and re-learn …. Here are some of the posts that caught my eye. Hope you find something interesting. Lighter Links: Cultivating Genius. (Wired) Thinking vs. Knowing: When Facts Get in the Way. (PS) How Old Are You, Really? New Test Determines
Some Interesting Links for Your Weekend Reading
Let the Buyer Beware … What you see at first is not always what you'll see if you look more closely. Here are some of the posts that caught my eye. Hope you find something interesting. Lighter Links: Nokia Claims Apple Rigged Siri to Name iPhone Best Phone. (News) Everyone Has Been Hacked.
Putting Context in Perspective
Can two people look at the same thing, and see something totally different than each other? It clearly happens often. To illustrate, in the following picture, is that 'a cute little fish' or 'lunch'? Apparently, it depends on the perspective. Context Changes Your Point-of-View. When I'm in a meeting, I often assume