I'll be going down to Dallas in June for the Traders Expo. The MoneyShow & International Traders Expo have added Dallas to their roster of locations where they put on the Traders Expo. I always really enjoy these events. I was a speaker in Las Vegas, and that was great fun. At the New York Expo I took a trading class -- two, actually, and learned a few new things that … [Read more...]
Difficulty Trading? Follow Jamie’s Example
Jamie’s trading results were falling short of her expectations. Overall, Jamie was a good trader, but she wanted to improve. Reviewing her trading results, we could see a pattern that most of her losses were coming in the first trade or two that she made each morning after the market opened. She blamed the “Smart Money” traders. “They manipulate the market and wrong-foot me … [Read more...]
Springs!
Thanks to Wyckoff! Over the past two days we have had two very nice Wyckoff Springs in the intraday S&P futures (symbol ES) market. The first - yesterday - occured right off the US open. The second - today - came in a little earlier, about 8:15 AM Easten Time. Both Springs acted as expected. That is, they led to a swift rise in price. Springs are one of my favorite … [Read more...]
Wyckoff Spring!
An early morning Wyckoff Spring right around the key level of 1300 (discussed in the previous post) ignited the market to rally back up and through 1305 level (yesterday's low, also discussed as an important level). We learned the Spring setup in last night's Chart Reading Mastery class and discussed the 1300 level as a key reference to watch vis a vis current market … [Read more...]
Thursday’s S&P Levels
Today should be an interesting trading day. Overnight, the market has fallen to the 1300 level. We discussed this potential in last night's Chart Reading Mastery class where we talked about anticipating the likely next market move based on the current wave structure. Nice job class members! The key question for today is will this level hold or will we see further … [Read more...]
