There was very good trading in the S&P e-Minis today. It was especially good for a day after a holiday. Supply was evident in the overnight market, as well as off the US open. This allowed for an early short trade. Volume came in strongly to the downside, and a small congestion area resulted in a minor UpThrust and another short opportunity. Volume characteristics … [Read more...]
Free Webinar was “Fantastic!” You can now View the Recording.
We just finished an excellent free webinar on reading the market bar-by-bar. It ran for a little over an hour and went into some depth on assessing the market by its primary language: price bars and volume. We also briefly discussed what will be covered in the webinar on bar-by-bar chart reading next week. Access & Comments We’ve put the recorded webinar on our website … [Read more...]
Free Webinar Today!
Please Note: I made a mistake in the time. The free webinar starts at 5:00 ET, not 4:00. A little later today at 5:00 Eastern Time, we'll be holding a free webinar on reading price bars and volume bar-by-bar. We've had several emails asking what will be covered. We try to pack in a lot of good information for traders in the work we do, including the free stuff. In the … [Read more...]
Friday’s Trades as Market Fell/Free Webinar
Thursday, January 16, was a confined trading day on light volume. Traders would be looking for upside development after this potential test (see daily chart at A). Had the test been immediately successful, new all-time highs in the S&Ps would have occurred. But that didn't happen. After dropping briefly under Thursday's low (see intraday chart at B) and … [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...]
