Trading Bias Leads to Denial Have you been caught holding onto a trading bias? Most traders have. A trading bias can be highly detrimental to trading, causing wrong trades and missed opportunities. Trading bias can trigger mental and emotional events that raise stress levels and can make any situation go from not so good to terrible in a flash. Trading Bias: Smart People … [Read more...]
Locating Trades: Market Structure is the Key
Locating Trades What do you do in locating trades? Markets put in key levels of support and resistance, which can then be traded if the market revisits the area and the price and volume action are right. We give several examples of locating trades on this recent 5-minute chart of the S&P e-minis. Locating Trades on the S&P e-minis The previous day sold off … [Read more...]
Free Webinar Today
Free Webinar Today We are having a free webinar today and we will be covering a lot of useful information. Ever wonder how to trade with volume in the FX markets? We will be looking at how we can get volume in the FX markets and how we use both volume and multiple time frames in the British Pound to US Dollar cross rate (GBPUSD/Cable). We'll also review yesterday's S&Ps … [Read more...]
Are You Trading for Comfort?
One of the most basic of human instincts is to avoid pain and to seek comfort. This makes sense. No one wants to experience pain; we prefer pleasure and comfort. In trading, however, pursuing what’s comfortable is frequently not a good idea. Trading for Comfort There are many examples of trading decisions that are made for comfort but turn out to be the incorrect play. … [Read more...]
Trade the Market Bar-by-Bar
Trade the Market Bar-by-Bar Being able to tade the market bar-by-bar can add exceptional value to the trader, even if that trader uses indicators like moving averages, MACD, and the like. With some study and practice, price action can help the trader determine the likely next move of the market. Let’s look at the recent price action in the S&P e-mini futures (ES) that led … [Read more...]
