Wyckoff Principles in Morning Trading Yesterday morning, it was all about Wyckoff springs.  Springs are bullish trades that occur when an important support has been penetrated, but fails to follow through to the downside.  This morning, it wasn't about bullishness, but weakness.  We got the opposite of a spring this morning: an upthrust. The S&P futures made a new … [Read more...]

Reading Daily Price and Volume for Intraday Trading Yesterday was a big day up.  The market rallied about 30 points (about $1,500 per contract).  How can we trade that?  Was it possible to know that such a move was likely. We think so.  Perhaps not the exact measure, but a palpable sense that: 1) the market was about to move, and 2) the direction would be up. Let’s see … [Read more...]

This is an article by my good friend, Kira Brecht on practicing your trading.  She goes into deliberate practice--the type of practice method that brings about expertise and mastery in any field, including trading.  It's a great article on the subject.  It's also something we do every week in our Deep PRactice program.  You can read Kira's article here: Have You Practiced Your … [Read more...]

So, What Exactly Are We Thankful For? When pilgrims first came to the shore of what later became the United State of America in the early 1600s, they held a bold and radical vision.  No one was to tell them how they might worship.  No king, queen or government would dictate what god or what church would be worshiped.  Church was to be separate from State. This was a bold … [Read more...]