The Robert N. Burgess School of Analysis and Trading creates many advantages in trading. By "reading the tape," for all time frames / waves of buying and selling, a trader sees actionable changes in price action in 'real time,' which creates good “odds” for trades. Therefore a trader usually can get the ‘jump’ on other traders, before they become buyers or...
The decline from the August high appears to be over. The recent low should have ended the decline. If so, prices are in a weekly trading range, with the potential to rally within the trading range. At this point, on Wednesday 10-21-2020, prior daily and weekly price action has produced an "intra-month rally, intra-month correction, which has been followed by a...
GOLD PRICES ARE UP THIS WED A M 10-21-2020 AS EXPECTED. Move "stop loss orders" upward to an area that is above your entry point. If you are trading multiple futures contracts a defensive strategy would be to take 1/3 of the position off in a profit, and move a stop loss order on the remainder to protect capital.
THE DOLLAR INDEX IS DOWN THIS WED A M 10-21-2020...
The fats in the fire, or at least, weekly price action suggests that interpretation!!
The rally that started / resumed the week of Monday 9-21-2020 had initially
begun on Tuesday 9-01-2020. Subsequently, after Monday 9-21-2020, the rally
peaked on Friday 9-25-2020, completing a weekly price bar. Next, prices turned
down, within the short term trading range....
The Robert N. Burgess School of Analysis and Trading uses the Burgess technique to analyze charts to find trades. Using the Burgess Technique, price action creates form, which is subsequently clarified by analysis, of the effects from price change and volume. Often, multiple time frames, of different duration, are analyzed, to further clarify the effects of...
