FREE Guide: 6 Fibonacci Types that Create the Most Precise Price Levels, Targets, and Reversal Zones

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Navigating the Markets with Price Action Technical Analysis: Expert Tips for Successful Stocks, Options, Futures, Forex, Crypto, and Commodity Trading

Navigating the Markets with Price Action Technical Analysis: Expert Tips for Successful Stocks, Options, Futures, Forex, Crypto, and Commodity Trading

Price action technical analysis is a popular and effective approach to navigating the financial markets, including stocks, options, futures, Forex, Crypto, and Commodity trading.

This article will provide expert tips and insights to help you successfully trade various financial instruments using price action technical analysis. By understanding and applying these concepts, you can improve your trading skills and potentially achieve greater profitability.

Have You Ever Thought About Quitting Your Job to Trade Full Time?

Have You Ever Thought About Quitting Your Job to Trade Full Time?

Trading is not easy, but can be life changing.

We seldom meet a trader who isn't passionate about generating supplemental income, or even better, someone who desires to quit their day job to become a full time trader.

But many find that can be easy to say but hard to do.

All Time Highs - to trade or not trade webinar replay

All Time Highs - to trade or not trade webinar replay

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 replay to help boost your trading confidence, consistency, and trading results.

How to Know When to Enter a Trade

How to Know When to Enter a Trade
A frequently asked question I routinely get is “Tom, when you have multiple levels of support/resistance, trend, or fibs how do you know which is the best level to use to get into a trade?”

The simple answer is I don’t. Nor, with any certainty does, anyone else.

“So what do you do” becomes the follow up question.

The Top Reasons Why Traders Fail and How to Overcome Common Pitfalls

The Top Reasons Why Traders Fail and How to Overcome Common Pitfalls

This article delves deep into the top reasons why traders fail and how you can overcome these challenges by focusing on your trading process of implementing trading rules, plans, and trading psychology rather than focusing on the outcomes of profits.

See how!

See How This ChartPros Trade Room Member Used Apex Trader Funding to Earn Over $1M in the last year!

See How This ChartPros Trade Room Member Used Apex Trader Funding to Earn Over $1M in the last year!

Vince Koehn, a long time ChartPros Trade Room member talks about his success with Apex Funded Trader program.

We frequently get asked about various funded trading programs and we've reviewed plenty of them but historically never participated in or recommended any of them.

Until recently.

I NEVER Believed in Technical Analysis Until I Realized This...

I NEVER Believed in Technical Analysis Until I Realized This...

When I was in MBA school back in the late 1980s (yeah that's me back then long before gray hair) it was drilled into me that a company’s stock price was always tied to its financial statements. You know, Profit and Loss statements, Balance Sheets, etc and all that fancy financial lingo. 

And so I went through much of my early adult life not really ever knowing otherwise. But along the way I had heard of this “technical analysis” stuff but considered it something like voodoo or witchcraft because as far as I knew it had absolutely nothing to do with the fundamentals of a company’s financial performance.

Until one day I saw a chart of the S&P 500 with standard deviations drawn on it based on the previous day’s settlement price. 
 
Hmmmm…. That looked interesting I thought.

This is What I'm Binge Watching this Weekend

This is What I'm Binge Watching this Weekend
I don't watch much TV, I'm not much of a movie person and when I do watch something I typically won't watch it more than once (but yeah I've seen the classics like the original Top Gun and the new one multiple times), I'm not a "gamer" however I would consider myself a binge watcher...

What I Like to Binge Watch:
  • Billions (the hit series on Showtime)
  • Shark Tank
  • Blue Bloods (my dad is a retired police officer)
  • Trading Education Courses...

Yes, Trading Education Courses!

See which ones...

May 30 Chart of the Day - S&P 500

May 30 Chart of the Day - S&P 500

While the New York Stock Exchange (NYSE) was closed Monday in observance of Memorial Day the global after-hours electronic trading system (GLOBEX) opened as normal Sunday evening at 6pm eastern time.  And given the US debt ceiling headline news over the long weekend the S&P 500 futures ticker /ES gapped up about 20 points on the open to keep the bulls firmly in control.

On the current ES weekly chart I've only marked it up with Support/Resistance and Trend. Also known as basic structure. In this view traders can see that price often ping pongs between historical levels before proceeding in its next direction.

If you'd like to enroll in the same exact Introduction to Price Action Trading using Support/Resistance and Trend course that I took earlier in my trading career we're offering it at an incredibly low price this week revealed at this link.

May 4 Chart of the Day - Apple

May 4 Chart of the Day - Apple
Apple (AAPL) is set to report earnings after market close on Thursday May 4, 2023.  The market is anticipating about a $6.90 move in either direction by the close of market on Friday May 5th.

S&P 500 (Ticker /ES) Trade Plan for February 23

S&P 500 (Ticker /ES) Trade Plan for February 23
S&P 500 Trade Plan for February 23, 2023 - Follow along with ChartPros Founder Tom Winterstein as he charts in real time and takes you through bi-directional levels of interest for the S&P 500 (ticker /ES).