Trading Behind the Eight Ball

8-Ball is a popular pool or billiards game, and most are familiar with the expression “behind the 8-Ball”, which essentially means, being out of position or without a good shot, opportunity or choice. The rules of the game specify that you call your shot – if...

Pump Up The Volume

In part one of this series we demonstrated how you can set up up volume studies and alerts in Ensign Software to monitor volume levels within any given market or time frame. In part two of this series we will be looking at how to use these alerts in your trading. ...

Why AB Doesn’t Equal CD

In the February issue of Trade Tips we talked about the challenge of dealing with parallel or measured moves (ab=cd or “ABC” corrections) and we looked at some examples where this pattern can create difficulty for traders. In this issue of Trade Tips we...

The Butterfly Pattern

The butterfly pattern has its origins in the work of Larry Pesavento and Bryce Gilmore. Larry told me that he discovered it in 1991 while sitting on the beach with Bryce Gilmore looking at some charts produced on the “Wave Trader”. The pattern as described by Larry...

Elliott Wave

The harmonic approach to trading the markets is a cyclical one. Our tools for evaluating market position and trend are pattern recognition, momentum analysis, Elliot Wave Theory and dynamic price and time analysis. While some technicians will attempt to force wave...

Credit Where Credit is Due

 Named after the pattern that appears on page 222 of H.M Gartley’s work “Profits in the Stock Market” published in 1935, the pattern remained largely unknown for sixty years until Larry Pesavento published “Fibonacci Patterns with Pattern...