After CRM (Chart Reading Mastery) in Spring, I have been practicing with last 3 years data in chartnexus with Indonesian market for my 1st setup 'Break R pullback test the breakout less than Midpoint'. The result very amazing and motivated with 66% win ratio from 101 examples trade by unfolding the chart bar by bar, the gain also very promising as long as trade properly with … [Read more...]

The US Stock market as represented by the S&P e-Mini Futures held gains nicely today in a narrowed trading range.  The support and resistance levels identified last night worked well today.  As mentioned last night, the dip this morning into the 1343 level was a good buy. For tomorrow, I expect support to continue to hold well.  We did not see much supply come out … [Read more...]

I am back from a two-week trip to England and Wales.  The seminar we did at Heathrow was one of the best we ever did.  A lot of great information was conveyed by Tom Williams, Gavin Holmes, Phillip Friston and me.  The questions and interactions with the participants was even better, drawing out nuances and insights.  We even got to talk a bit about the psychology of trading … [Read more...]

Another Trend through the overnight and into the US morning session!  It was set up nicely and I will teach that setup this afternoon in the Trend Trading Webinar.  It's one of my choice trade setups. Trends offer such great trading opportunities.  I've just completed the slides for today's webinar tutorial on trading trends - both up and down.  It's hard to imagine, but … [Read more...]

A Trend Day Thursday had a terrific trend day down.  A trend day is one that opens on one extreme of its range and closes on the other.  We don't get them very often, but when we do, watch out! Did you capture good profits this day?  There were several entry opportunities.   Trend trading is the sweet spot in trading and can be very rewarding.  Certainly, You don't want to be … [Read more...]