I have told my readers that one of the best methods to trade a market is to jump on board when prices “break out” of a congestion or “basing” area on the charts and begin a new trend. I have also stressed to my readers that one of the most…

Some traders are reluctant to put on a position because they are torn between what they perceive as conflicting market factors. Here’s a typical quote from such a trader: “The moving averages are positive, the market is trending higher, but the RSI shows the market as being way overbought. What…

I used to do an exercise in the Peak Performance 101 workshop entitled “Getting What You Want”. The exercise starts out with a question: If you could have anything in the universe, what would it be? Perhaps your answer might be $10 million dollars. However, the exercise doesn’t end there….

Many mental health professionals define an “uncertain” condition as being stressful. Uncertainty occurs because of too much information or because of too little capacity. The very fact that we cannot deal with available information is stressful.

“The Relative Strength Index (RSI) is such an indicator, offering the best of all worlds,” said Cardwell, president of Cardwell Financial Group, Inc., based in Woodstock, Ga. The RSI “is the cornerstone of my trading model,” he said.

The easy answer to the question is “when it’s not a pattern”. And that really is the real crux of the issue… Let me explain. Let’s take a look at one of the most simple patterns in technical analysis, the Double Top (Bottom). This is the hourly chart of Dollar-Swissie…