“. It (Primary Language of the Market) was truly amazing and educational. I have spent 10 times the money on trading education in the past to get one tenth the knowledge and education.” Cam from Australia … [Read more...]
Narrow Range Resolves with Volatility
As is often the case, the narrow range day painted on Wednesday led to increased volatility yesterday. Several traders emailed with fine examples of trades made in the weakness. Nice job! In Deep Practice last night, we discussed this weakness and what the likely resistance levels would be for yesterday's afternoon rally. You can see those depicted in the green bands and … [Read more...]
Narrow Range Day
After a good trading day yesterday with lot's of price movement, today's volatility contracted. We ended up with a narrow range day today. Not much worthwhile trading in the S&Ps. The market held yesterday afternoon's low, but buyers couldn't push the market higher. Thus, we stayed below yesterday's high all day. I would expect tomorrow will see volatility pick up … [Read more...]
Today’s Trading
There was very good trading in the S&P e-Minis today. It was especially good for a day after a holiday. Supply was evident in the overnight market, as well as off the US open. This allowed for an early short trade. Volume came in strongly to the downside, and a small congestion area resulted in a minor UpThrust and another short opportunity. Volume characteristics … [Read more...]
Free Webinar was “Fantastic!” You can now View the Recording.
We just finished an excellent free webinar on reading the market bar-by-bar. It ran for a little over an hour and went into some depth on assessing the market by its primary language: price bars and volume. We also briefly discussed what will be covered in the webinar on bar-by-bar chart reading next week. Access & Comments We’ve put the recorded webinar on our website … [Read more...]
