Here is an article I wrote that was just published on the Trade2Win forums. It is about the seemingly little things we can do each day, day after day that can add up to our benefit. It is these little things that are easy to neglect but actually can have a huge impact on our trading. I'd be interested in your thoughts and comments on this. Click the … [Read more...]
Trader’s Expo Interview
Trader's Expo Interview Earlier this summer I was an invited speaker at the Dallas Trader's Expo. It was great to be back in Dallas and see many of my trading friends from the area and especially the good folks from the Association For Technical Analysis (AFTA). While I was in Dallas, Tim Borquin of the Money Show interviewed me on a variety of trading psychology topics. … [Read more...]
Rally?
Yesterday's price action saw buying come in and suggests a follow-through rally today. But so far in the overnight market, we are failing to see that follow-through. Watch yesterday's high. Any follow through must rise above this level. Inability to rally here will lead to one of two scenarios: the market either starts falling again (watch for a break of the 1138 … [Read more...]
Shake Out is Unlikely
Several people have sent emails asking about the high volume around the August 8-11 lows and argue that such high volume must mean a shakeout and the (comparatively) lighter volume of the last two days must be a test. First off, there are no musts in trading, only probabilities and thankfully so. If there were musts, then there wouldn't be trading. My view of the market is … [Read more...]
More Downside for Early Next Week?
Thursday saw the market fall out of the small trading range formed by the narrow range days on Monday & Tuesday. We saw a typical Wyckoff UpThrust (UT) followed by an increase in supply on the down wave A as revealed by the Weis Wave. Then, the market fell hard (wave B) with a large amount of selling starting in the overnight market and bleeding non-stop into the US … [Read more...]
