Trading Psychology and Mindset - Free Course

ChartPros Market Insights

Technical Analysis or News?

Technical Analysis or News?

There's been a long running debate between the technical analysis chartists and the fundamentalists and both sides can make their case for being "right".  Both sides often think that their way is best and the other side is full of you know what...

Since no one can predict the future how did China's Evergrande crisis that's filled the news just so happen to occur during a time when chartists like us were anticipating a potential pull back?

Price Targets for Oil - $100??

Price Targets for Oil - $100??

Remember last year when Oil (symbol /CL) went under $7 a barrel?  Well if you got long then and stayed long you would have about10x return now...

We hear woulda, shoulda, coulda a lot.

Here are some updated higher time frame upside price targets for Oil.  It's not out of the question to see $100 technically speaking.

Swing Trading Using Only Support/Resistance and Trend

Swing Trading Using Only Support/Resistance and Trend
We often get asked "can I swing trade without knowing more advanced charting techniques like Fibonacci?" And simply stated the answer is yes!

S&P 500 (/ES) Weekly Chart

S&P 500 (/ES) Weekly Chart
When the next down cycle comes, and it will definitely come at some point caused by “something” we’re likely to experience some higher time frame technically correct pull backs like we saw in March 2020. 

All Time Highs - to trade or not trade webinar

All Time Highs - to trade or not trade webinar

Learn the top strategies for trading all time highs and managing risk.

Many equities and indexes are at or near their tops. Trading all time highs (ATH) can be a risky proposition because there is less historical data available at these levels.

Join ChartPros for this informative and potentially money making/saving webinar to help boost your trading confidence, consistency, and trading results.

Introduction to the Volatility Index (VIX) - FREE Webinar Recording

Introduction to the Volatility Index (VIX) - FREE Webinar Recording
The VIX is a real-time market index that represents the market’s expectation of 30-day forward-looking volatility.  Derived from the price inputs of the S&P 500 index options, it provides a measure of market risk and investors’ sentiments.

Indices Futures Charts and Video Analysis

Indices Futures Charts and Video Analysis

We wanted to do this higher time frame daily futures grid and video for you on ES, NQ, and YM. 

You’ll notice that nothing goes below the daily so not likely to be useful on intraday trades. 

Free Online Course - Introduction to Price Action Trading

Free Online Course - Introduction to Price Action Trading

ChartPros launched a new free online course - Introduction to Price Action Trading.

This course is for new or current traders who would like to learn what it takes to gain the knowledge and confidence to become more consistently profitable. 

Anatomy of a Potential Entry

Anatomy of a Potential Entry

A frequently asked question we get so often is how do we determine a potential entry level where there are multiple levels of interest within a particular zone or area. 

So here is a brief 4 minute video on the Anatomy of a Potential Entry on USD/CAD for June 8, 2020. 

Could be an Interesting week or two for /YM

Could be an Interesting week or two for /YM

The traders in our Price Action Mastery Course are learning first hand the power of the markets and in particular how technical analysis can benefit them.  

During the first week of April we identified a level for a long swing trade entry.  Since then we've been tracking and managing the trade.  Now, as price is approaching our bull profit targets it will be interesting to see how price reacts to what could be potential resistance.

Yes, that's about a 4000+ point hold to the long side.  This is what is taught in the course for both swing and shorter term trades.  It is not uncommon for us to be long in our swing account but short in our intraday account to capitalize on the levels of interest we've identified for the respective time frames.

How Low Can Oil Go???? Yeah, See How Low...

How Low Can Oil Go???? Yeah, See How Low...

Some oil producers are *paying* customers to accept their output.  Say what?!?!  Yeah, it's true.

But let's focus on the futures contract, June in particular.  We're already hearing stories about hedge fund managers being wiped out tryin to call a bottom.  That's unfortunate.

We're not in the prediction business of calling tops or bottoms rather, we're in the reaction business to technical analysis levels in both directions.