The Wyckoff Method is surely a robust trading method once you learn how to apply it and also once you learn to trust it. Trading in the S&P e-Minis during the US morning session today was textbook. Anticipating Today's Action Yesterday In last night's post, I indicated that yesterday, the market held its gains well and that more upside progress was likely. I also noted … [Read more...]
Holding Gains
The US Stock market as represented by the S&P e-Mini Futures held gains nicely today in a narrowed trading range. The support and resistance levels identified last night worked well today. As mentioned last night, the dip this morning into the 1343 level was a good buy. For tomorrow, I expect support to continue to hold well. We did not see much supply come out … [Read more...]
Bullish Behavior
I am back from a two-week trip to England and Wales. The seminar we did at Heathrow was one of the best we ever did. A lot of great information was conveyed by Tom Williams, Gavin Holmes, Phillip Friston and me. The questions and interactions with the participants was even better, drawing out nuances and insights. We even got to talk a bit about the psychology of trading … [Read more...]
Trending Again Today
Another Trend through the overnight and into the US morning session! It was set up nicely and I will teach that setup this afternoon in the Trend Trading Webinar. It's one of my choice trade setups. Trends offer such great trading opportunities. I've just completed the slides for today's webinar tutorial on trading trends - both up and down. It's hard to imagine, but … [Read more...]
Trend Day Down
A Trend Day Thursday had a terrific trend day down. A trend day is one that opens on one extreme of its range and closes on the other. We don't get them very often, but when we do, watch out! Did you capture good profits this day? There were several entry opportunities. Trend trading is the sweet spot in trading and can be very rewarding. Certainly, You don't want to be … [Read more...]