Nice week’s trading – seems like the “good ‘ol days” are back with big volume and smooth trends. Let’s hope it continues. This video was sparked by an email from Gregg: “Barry, Is there anything you look at in real time to determine if a trend break is likely to be good move or just […]
Breakouts and Breakdowns Archive
If you are trading breakouts then look for these 4 confirming signals. Trading breakouts is risky. You’re entering at an extreme price and the market can easily and quickly move against you. But if you get it right, you can be jumping on board a breakout into trend – the market moves quickly and the […]
Great example of a Richard D. Wyckoff pattern today. We had a classic “Jumping the Creek” by Professionals just before the Consumer Confidence numbers came out at 9am. Wyckoff called these breakouts into an uptrend “Jumping the Creek” and breakdowns into a downtrend “Falling Through the Ice”. Very poetic.