Chart Learning

Becoming a winning trader is certainly one of the most difficult careers (90% of retail investors fail). I certainly struggled at the start. It can take an average of one year to become a winning trader (but most never become one). At the start of my trading career, I didn't know where to begin and I was often clueless. I had to constantly research on my own, and my trading suffered as a result. Below, I have a few books ranked in order of importance that helped me greatly into becoming a purely technical, winning trader. The books listed below will offer a boost for the losing traders and winning traders looking for a bit more of an edge! The following 4 books are ranked in order of importance (one being the most important). Japanese Candlestick Charting Techniques, Second Edition  - Possibly the easiest and most important book on this list. This book describes candlestick patterns in detail. It has a very easy learning curve and can do wonders for your trading. Once you unders

As I have talked about countless times on here, having an edge in the market is directly correlated to having something unique that is not public, that no one else uses. It's always about thinking outside the box and doing things just different enough that give you that trading edge over everyone else. In this article, we are going to discuss how a trader just did that, thinking outside the box, made things a bit different than they were before, and was able to use this new strategy to become profitable. EMA Clouds is one of the newest and most effective indicators out there, which was recently developed and pioneered by Ripster, the founder of Atlas Trading and Bio & Tech trading platforms. The EMA Cloud System takes two desired EMAs. The area in between is shaded to visually represent the trend direction and determines the support and resistance levels. Take a look at the EMA Cloud Chart above using a real-life example of $SPY. Notice how the 20 EMA is above the 50 EMA, thi

Candlestick charts, also referred to as Japanese candlestick charts, are tools that are used in technical analysis of price movements of shares in the stock market. These charts analyze price fluctuations just like bar and line charts. With a certain amount of skill in mastering candlesticks, predicting future movement and direction of prices of shares is possible. In this article, I will highlight my top five bullish candlestick patterns as well as pass on some tips and tricks I've learned over the years to help maximize your profits and minimize your losses. Unlocking The Power Of Japanese Candlesticks Before we get into the list there are a few tips and nuances that I've picked up over the years that should be discussed.  I've found candlesticks to be one of the most powerful tools out there in predicting future price movements. What I've learned is it isn't cut and dry, for example, it's rare to see a bullish reversal candlestick pattern formed on a daily st

The Financial Market world continually evolves as creativity and innovation change how things are done. Traders are always looking for better ways to view stock market price action, to gain an edge. In the last couple of years, there have been many innovations in the field of Technical Analysis. One of the most impressive  new indicators is EMA Clouds . However, there are been many other new innovations in the last few years as an influx of new traders enters the market. One such innovation is Raindrop Charts, which allows chartists to visualize stock charts in a new way. Raindrop charts in short are designed to represent what is happening in the market in terms of price and volume . The chart gives the trader a visual representation of supply and demand in the market through a certain time frame. The raindrop charts incorporate volume directly into every price bar through the use of histograms and the volume of the weighted average price called VWAP . Hence Raindrops are a visual cu

It's always been general wisdom that buying options is always a losing game, equivalent to playing the lottery. You are likely to consistently make money as an options trader, selling options rather than buying. The logic goes, if the buyers are losing the money, the seller must be making all the money, right?  Despite the higher opportunities to make money, selling options can also be very risky, especially when the market moves against you and you don’t have an exit strategy in place.  This article discusses the various advantages and disadvantages of selling options, why it may be advisable, how to sell options with differing strategies, and how they can lead to losses, etc. Keep note that, I am firmly against options , but understand people want to take higher risks in order to get the capital needed for them to achieve their goals. With that in mind, I am here to fully educate my audience to give them as much knowledge as needed to help them with their trading goals. Advantage