New All-Time Highs The S&P 500 index, as represented by the S&P e-Mini futures, hit all-time highs this morning. I noted in my last post that should the market push higher and make new all-time highs, 3200 was the logical target. (You can read that post here: last week’s post.) On all major time frames (monthly, weekly & daily), 3200 is near or at the top of … [Read more...]
Trading the Wyckoff Method
Trading the Wyckoff Method: Today's S&Ps Last night, we held a seminar on trading the Wyckoff Method focusing on the signs of strength and signs of weakness. We incorporated Tom Williams’s work on the SOS and SOW and my work on coordinating these with multiple time frames. It was a terrific group of traders, asking incisive questions about the material. We went on for … [Read more...]
Trading Wyckoff Springs
Trading Wyckoff Springs We love trading Wyckoff Springs. In the right market context, they are my 'bread & butter' trades. Wyckoff Springs graphically represent a stark imbalance in the supply - demand equation always operating in the market. After reaching a low, as at A, the market rallies and then returns to the 'scene of supply' by revisiting that area on a push … [Read more...]
Technical & Psychological Aspects of Trading
Connecting the Technical and Psychological Aspects of Trading How does a trader integrate the technical & psychological aspects of trading? In our weekly Deep Practice program, traders come together to actively learn and practice trading the markets. Often, we will look at a specific market principle in some depth. We did that in Thursday’s Deep Practice. We looked … [Read more...]
Hidden Support & Resistance
Hidden Support & Resistance Are you aware that there are hidden support and resistance areas most trades don’t see? This hidden support and resistance isn’t derived by some fancy indicator. And, it’s not really hidden if you know what to look for. Markets will tend to trade around a given level, up and down, back and forth. It allows larger players to accumulate and … [Read more...]
