Connecting the Technical and Psychological Aspects of Trading How does a trader integrate the technical & psychological aspects of trading? In our weekly Deep Practice program, traders come together to actively learn and practice trading the markets. Often, we will look at a specific market principle in some depth. We did that in Thursday’s Deep Practice. We looked … [Read more...]
Hidden Support & Resistance
Hidden Support & Resistance Are you aware that there are hidden support and resistance areas most trades don’t see? This hidden support and resistance isn’t derived by some fancy indicator. And, it’s not really hidden if you know what to look for. Markets will tend to trade around a given level, up and down, back and forth. It allows larger players to accumulate and … [Read more...]
Change of Behavior Trade
Change of Behavior Trade Some of the best trades occur after the market exhibits a change of behavior. We aren't looking to buy the low tick or sell the high one -- that's a fool's game. No, we don't want to be making random traders where we "think" the market will turn. That's bad trading. I am sure many would be traders are now surveying their losses from the morning, … [Read more...]
Swing Trade
Swing Trade Here is a swing trade that had been setting up for the past few weeks. We discussed this in last Thursday night’s Deep Practice. Each week, we look at what we are anticipating for the coming week. As I noted in an earlier post this week, the weekly chart closed flat. Given the other considerations seen in the background, we were … [Read more...]
A Short Study of Volume
A Short Study of Volume Here is a short study of volume in this morning’s S&P futures (ES, e-Mini). We are using the Weis Wave, which aggregates wave volume, and the 3,000 Tick chart, which shows overnight waves well. A: Supply into yesterday’s low, no question about it. B: We break yesterday’s low and selling isn’t strong. Hmmmm …. C: A push down, but all … [Read more...]
