In this TrendSpider Strategy Guide issue, we will be covering one of the core strategies that TrendSpider enables and one of the most popular ways to use the system: Using Automated Trendline Detection with Multi-Timeframe Analysis. Continue reading TrendSpider Strategy Guide: Multi-Timeframe Analysis with Trendlines
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
We are still holding the 4-hour bearish trend that I had talked about this past week. Still on the lookout for buy opportunities once the 4-hour bearish trend is broke, and confirmed broke on the re-test. It respected the Daily bullish trend below it, it’s only a matter of time before we get the breakout I have been waiting for. Continue reading Market Recap on XAU/USD
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.
Here’s an interesting chart I am following on XAU/USD. You can see that it just had a lot of bullish momentum, that broke the support line that was broke last week. Once it retests again for support, I think it will be safe to say that the bulls have taken back control, and shoot for 1325 area. We will wait for confirmation once 4 hour Bearish trend above is broke. What do you guys think about this chart? Continue reading XAU/USD Analysis