Technical Analysis vs Fundamental Analysis
I have to admit it – after thirty plus years of studying technical analysis – and after writing three books on the subject – I am still swayed by market fundamentals. An example occurred just recently.
My technical analysis system suggested that a large move up […]
Mid December I came down with a virus – I call it “The creeping Crud” because it acts slowly, but over a long time and makes you feel bad – not really sick – just cruddy. Since the first of the year I have slowly begun to feel better but have not been trading. […]
Why my FOREX workspace is set up with three charts of different time frames.
This probably the most often asked question about my trading method. I was explaining it the other day to another trader and for the first time I used weather forecasting as an example. That Trader seemed to pick up […]
I haven’t written a post in several weeks. One of the nice things about being semi-retired is the possibility of simply not working for a while and relax for a bit. I have been doing precisely that. But all the while I have been watching the markets, FOREX in particular, take a wild ride […]
I am now convinced that the Fed is an ill conceived institution currently run by ivory tower idealists who cannot connect to reality.
I was raised in the country and generally believe that if something doesn’t work doing more of it is not usually the wisest course of action. Virtually zero interest rates […]
Okay, I agree, a picture is worth a lot of words. A friend of mine called me up and complained about the article on FMP. He just wasn’t able to visualize what I was talking about. After reading the article again, I agree. It is not easy to visualize. Probably because FMP is a […]
AS technical traders we tend to discount fundamental data in the short run – but any trader must know that fundamental data has a profound effect on markets over the long run. So we would like to introduce a term into the vocabulary of the short term trader a new term – fundamental data […]
I use three intra-day charts with different time frames routinely for analysis purposes. The slowest one is designed to display 10 -15 bars per day (easy for me to set up because I use only tick bars – not minute bars). The second one is ten times faster than the first – producing about […]
For several years I worked in the technical support group of leading security price charting developers; first with Windows on WallStreet and later with TradeStation, after they acquired WOW.
I had the privilege of talking with traders – working with large accounts and with small accounts – and from all parts of the […]
Published Articles
"Selecting the time frame to trade"
"FOREX is a Tug of War"
"See the music of the Market"
"Minding our P's & Q's"
"It's just a matter of Time"
"To Trade or not to Trade"
"Let the Competition begin"
Exchange rates table is provided by DailyForex.com - Forex Reviews and News
Live currency cross rates is provided by DailyForex.com - Forex Reviews and News
Live indices widget is provided by DailyForex.com - Forex Reviews and News
Live commodities widget is provided by DailyForex.com - Forex Reviews and News
Author & Trader
Phil Elrod
Instructional Videos
Feedback
Great system – couldn’t trade without it !!
Frank YDavid, PanamaI trade the US Bond Markets exclusively – amazed at the accuracy of the SRV’s !!
George SNew York, NYThanks for the method !! Very solid, very logical entry and exit and genius SRV’s !!
Denis DRussia….very impressed with the whole philosophy – both personal and trading, expressed in the book. I will read and revert !!
Richard DUSAthe SRV’s are spot on !!
Tom CUSA“The SRV’s are amazingly accurate”.
Tony TexasCategories
- Announcement (2)
- Commentary (126)
- FOREX (3)
- Futures (2)
- Hypoxia (1)
- SRVs (1)
- Technical Indicators (16)
- Trading Examples (2)
- Trading Tips (77)
- Uncategorized (24)
- Worm’s Eye View (32)
Archives
- May 2017 (1)
- January 2017 (1)
- December 2016 (3)
- September 2016 (2)
- August 2016 (2)
- July 2016 (2)
- June 2016 (5)
- May 2016 (1)
- April 2016 (2)
- March 2016 (1)
- February 2016 (3)
- January 2016 (3)
- December 2015 (1)
- November 2015 (3)
- October 2015 (5)
- September 2015 (5)
- August 2015 (2)
- July 2015 (5)
- May 2015 (1)
- April 2015 (1)
- March 2015 (1)
- January 2015 (1)
- November 2014 (1)
- October 2014 (1)
- August 2014 (1)
- July 2014 (6)
- June 2014 (3)
- May 2014 (5)
- April 2014 (2)
- March 2014 (2)
- February 2014 (2)
- January 2014 (10)
- December 2013 (11)
- November 2013 (20)
- October 2013 (13)
- September 2013 (14)
- August 2013 (10)
- July 2013 (26)
- June 2013 (16)
Writing
I love to trade, write about trading and talk to other traders.
In my spare time, I have also started writing fiction. What I call light science fiction (Sci-Fi) and tales from my early home back in Alabama – Sand Mountain. The reviews have been pretty good so far.
All novels […]