Do you look to trade a strategy based off leaders and lagers? If so, you should remain wary of the correlation myth. Precious metals provide a good example of how traders look to employ a lagers and leaders type strategy. Traders might wait for Gold, Silver or Platinum to move, then jump on the lagging metal in the hope of it following suit. This may happen in some circumstances, but Craig Cobb believes this scenario depends far too much on luck. Instead, Craig Cobb believes we should be wary of the correlation type of strategy, and instead just focus our efforts around the single market that we wish to trade. If we like the look of the Gold chart for a move higher, we should focus on the Gold chart, not Silver or Platinum. Follow the below link to see Craig analyse the current Gold, Silver and Platinum charts where he analyses why he believes you shouldn’t be trading correlations. View Craig’s full article here Happy...Read Now
In this series, we have been demystifying how traditional investors in the stock market view and apply technical analysis. Despite what you might think, those strange looking charts with red and green coloured bars can add value to your stock market investment decisions. Now that we have covered TREND in part 1 and part 2 of our series, what’s the most powerful technical analysis technique behind trend? We would have to say that support and resistance comes in at a close 2nd. So, what classifies a support and resistance level? We define these as ‘horizontal’ levels which have been precisely tested two or more times with price highs for resistance, and price lows for support. The more touches and more precise, the stronger the level. These levels act as a point of memory for traders. The simplest way to describe this point of memory is through an example. Say a stock market investor bought Apple shares at $100 per share. The apple share price then falls to $60 per share....Read Now
The Bullish Momentum Continues on Soybean Products After bottoming out on the monthly charts, soybean products have reversed into an uptrend on the weekly charts. In today’s free newsletter, Hao analyses Soybean, Soybean Meal and Soybean Oil. He shares his trade plan on how to take advantage of the strength of Soybean...Read Now
Scanning through countless charts looking for trades is, for many people, one of the most unappealing aspects of trading. It’s time consuming, it’s hard work and it can get confusing at times. So, we have come up with a solution. TWP is proud to announce the official launch of a brand new product: MarketTracker.
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