I was interviewed recently by Kira Brecht on the topic of Brain Freeze. Kira was acting as a free-lance journalist for this article, but is also the Editor of TraderPlanet.com and a very good writer. "Brain Freeze" isn't a technical term, and it's not what kids get when eating ice cream too fast--it's what some describe as becoming immobilized by fear. It's actually a part … [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...]
Trade Entry
Many traders place extra emphasis on trade entry. They look to buy as near as possible to the low tick or sell near the high. If a market starts to move and the trader missed getting in near the extreme tick, they look elsewhere thinking opportunity has passed them by. Too bad. Sometimes, it is difficult to get in near the high or the low. Markets have become more volatile … [Read more...]
Series of Great Holiday Week Trades
Holiday Trading Some traders tell me that they don't like to trade during holiday weeks because the markets don't move that much. That was probably true in years past, but there are more and more participants each year, many from outside the US. These traders are having their impact on the volume and activity of the markets. This trend is giving us better opportunities in … [Read more...]
Crude Oil Trade & Last Day of 20% Savings
Crude Trade As the S&Ps were rallying on Friday, there was a nice trade setup that occurred in Crude Oil. This is one of the trade setups we discussed in the free webinars last week (Click this link to access webinars). At A, the market tested the overnight high. I left the normal volume on the chart along with the Weis Wave volume. Note the high volume and poor closes … [Read more...]
