The 9 Deadly Sins of Technical Analysis … that Chart Traders Commit Without Realizing

The markets are competitive, and any edge you have can be easily eaten up by making mistakes in your analysis. Here are a few of the most common mistakes that traders make and some suggestions on how to avoid them. Remember, trading is extremely risky, but there are things you can do to increase your odds of success. The best way to do this is to start by understanding the most common mistakes, what they are, how they happen, what you might be thinking when you make the mistake and build your system around avoiding it. Continue reading The 9 Deadly Sins of Technical Analysis … that Chart Traders Commit Without Realizing

Best Practices: Our Recommended TrendSpider Workflow for Traders to Scan for Trade Opportunities

TrendSpider is an incredibly flexible tool that can be used on any timeframe chart to identify key price levels, trendlines, indicators, support & resistance zones, chart breakouts & breakdowns, and more, automatically. But how do you put it to work for you? What’s the best way to work it as a user? We recommend you approach it as a process. Continue reading Best Practices: Our Recommended TrendSpider Workflow for Traders to Scan for Trade Opportunities

Why Eyeballing Charts for Trend Lines is Disadvantageous

One of our ads has a headline that basically says: “Humans suck at drawing trend lines.” And this ad in particular has caused a bit of a stir on social media, so we thought that it would make sense to provide some more elaboration on what we mean. Here it is:

Humans Suck At Drawing Trend Lines. 

Yup. We meant what we said in the ad. In this post we want to explain why.

Continue reading Why Eyeballing Charts for Trend Lines is Disadvantageous

Show 10,000 traders the same chart…

One of the most common questions we get is: how does TrendSpider detect trend lines and what is the method behind it? In this post, we will try to explain this in some detail.

A large part of our market analysis thesis is that there is a wide variety of interpretations for any given price chart. What we mean is, most every trader will see something different in the same chart Continue reading Show 10,000 traders the same chart…