Helen and I want to wish everyone a very Happy New Year! … [Read more...]
Merry Christmas
Happy Holidays! Helen and I want to wish everyone in our little community a very happy holiday season. There are folks from all across the globe and from many different cultures who visit this site. All are a valued part of our community. It doesn't matter if you celebrate Christmas or you don't. The basic idea behind Christmas is a mindful wish that every creature … [Read more...]
Fed Day Trading
Federal Reserve Open Committee Meeting Days, like today, can be quite volatile. Many traders take the day off. I like Fed Days. Our method of trading is particularly well-suited for days in which volatility expands. When the markets are active, the indications of buying and selling become clear. Just before the Fed announcement, the market (S&P e-minis) pushed down. … [Read more...]
They Don’t All Work: UpThrusts and the Recency Effect
Nothing is 100%. That includes the Wyckoff Method. Even the best trade setups will fail. That's the nature of this game. It's all about probabilities. This morning before the US Open, we saw a good sell-off. The market then pulled back and set up an UpThrust at #1. Everything looked fine for a nice trade. But a nice trade didn't happen. Instead, a minor Spring propelled … [Read more...]
A Solid Approach from Down Under
A trader from Australia wrote to me saying he had a very good start to his week using the 3,000 tick chart and market structure to place his trades in the S&P e-Minis. That's a nice combination. I have been using tick charts since the early 2000's. We've had to adjust them from time to time because of the increasing trading activity, but they are a very nice chart to … [Read more...]
