Trading Insights & Market Analysis.

40 years of market experience, covering Gold, Silver, Forex and technical analysis

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Indices, equities and broader market analysis.

Identifying Head and Shoulders Patterns

Jason Sen July 31, 2024 No Comments

What is a Head and Shoulders Pattern? The Head and Shoulders pattern is a reversal pattern that signals a change in trend direction. It consists of three peaks: a higher peak (the head) flanked by two lower peaks (the shoulders). This pattern can appear in both bullish and bearish markets,

18 reasons why you must use stop-loss orders

Jason Sen July 30, 2024 No Comments

What happens when traders do not enter stop orders? What is a stop loss and where do I place it? A stop loss is an order that will automatically close your open position when a price is traded. You MUST always enter a stop loss when you execute a

The trend is your friend – ALWAYS enter a trade in the direction of the prevailing trend.

Jason Sen July 29, 2024 No Comments

One of the most important assumptions when using technical analysis is that prices move in trends. ‘Trend following’ is a popular strategy among successful traders because it can help them identify and capitalize on market trends. This strategy involves analyzing historical data and identifying patterns that indicate a trend

The key differences between day trading and gambling

Jason Sen July 29, 2024 No Comments

If you want to build a career in trading treat it as your business, not your hobby. If you are trading for entertainment, (like when people go to horse racing or the casino), set a monthly budget & only risk what you can afford to lose. Go ahead and have

For the first few years of my career, I believed trading was nothing more than a high-stakes gamble.

Jason Sen July 28, 2024 No Comments

Here’s what changed my mind and set me on a path to success… I discovered that successful traders need an edge, much like how casinos profit over time. For me, technical analysis provided that edge, enabling consistent profits. Here’s 7 strategies for successful technical analysis: 1. Master *Chart Patterns* –

Technical analysis: Identifying Triangles and Wedges

Jason Sen July 26, 2024 No Comments

Understanding Triangles Triangles are among the most common chart patterns in technical analysis. They are continuation patterns that indicate a period of consolidation before the price continues in the direction of the previous trend. There are three main types of triangles: ascending, descending, and symmetrical. Understanding Rising and Descending Triangle