An Afternoon Trade Here’s an afternoon trade in the S&Ps (ES) that set up wonderfully today. This is a common pattern we see on trend days. Trend days open at one extreme and close at the other. Today opened on its highs and closed near its lows. Trend days provide excellent trading At times, though, trend days that start in the overnight market seem to die out in … [Read more...]
A Short Study of Volume
A Short Study of Volume Here is a short study of volume in this morning’s S&P futures (ES, e-Mini). We are using the Weis Wave, which aggregates wave volume, and the 3,000 Tick chart, which shows overnight waves well. A: Supply into yesterday’s low, no question about it. B: We break yesterday’s low and selling isn’t strong. Hmmmm …. C: A push down, but all … [Read more...]
A Look at Today’s Trading in the S&P E-mini Futures
Another all-time intraday high (2073.00) was made in trading the S&P e-mini futures today. Below, we look at trading the S&P e-mini futures today with two trades that occured in what was otherwise a pretty range-bound trading day. Special Note We have put all our video tutorials on sale at a discount of 30%. This is the deepest discount we have ever offered. Use the … [Read more...]
Tick vs Time Charts & Free Webinar
Free Webinar Info Used to Earn 16 Points! The Free Webinar we held yesterday had much useful information about trading by price and volume, including tick vs time charts. Fifteen different trade setups across five different markets were detailed in this 50-minute presentation. This morning, one trader wrote to say, I can't believe how good the content is. The info regarding … [Read more...]
When Your Analysis is Wrong – A Lesson in Trading Psychology
Last night, I was looking for the market to react and begin to head lower today (see last post below). That analysis turned out to be wrong. How do you salvage a trading day when your analysis turns our to be flawed? In truth, there are many days that my nightly analysis turns out to be wrong, or, more correctly, the market doesn't do what I anticipated the night before. It … [Read more...]
