Last weekend, our stock market analysis indicated that the 2040 area would be difficult for the market to move through. That has been the case for the past several days. Although we are seeing potential diminishing demand, dips down have been met by buying. We haven’t seen much of a pullback. Stock Market Analysis Key Question The key question for the remainder of this week … [Read more...]
Coordinating Time Frames
One of the key skills in trading the markets by its own action is the skill of understanding structure. Someone recently told me that they look solely at price and volume; they consider structure irrelevant. I can't understand that attitude. To my way of trading, using structure is essential. A good example of how structure plays a significant role in trading occurred on … [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...]
