Here’s a follow-up to my earlier post on trading the Wyckoff Trading Method off the 4-hour chart. Although the Wyckoff Trading Method does not integrate the various time frames in its analysis (it uses the P & F Chart for the higher time period), the weekly, monthly and other higher time periods can shed a lot of light on the anticipated next move of the market. It was … [Read more...]
Frustrated Traders About to be Rewarded
The market has frustrated traders lately. The S&Ps have been stuck in a 12-point trading range over the last three days. While this can present frustrating trading, the good news is that it will end shortly. When it does, we should see the market move smartly. Both the daily and the weekly charts indicate weakness has entered the market. By these charts, we may see a … [Read more...]
Assessing the Probability of the Next Market Move: A Trading Best Practice
Trading Best Practice Trading presents many challenges. One of the greatest challenges is accepting and operating in trading’s environment of risk and uncertainty. When we do this, we are engaging in a trading best practice. Daily Life In everyday life, many things appear routine and commonplace. Our days go by generally consistent and orderly. If something unexpected … [Read more...]
Traders Have Two Minds & One Hinders Good Trading: A Trading Case Study with 4 Steps for Better Trading
This post discusses traders having two minds through a case study of a trade I made a while ago. It highlights how easily the mind can override sound decision-making. Traders Have Two Minds It is helpful to think of having two minds. One mind is our intuitive mind. It is our default decision-making mind. Our intuitive mind relies on the obvious, ignores probabilities, and … [Read more...]
Day Trading Volatility: Two Election Day Trades
Day Trading Volatility Day trading volatility can be daunting. While it has taken time for many to regain their equilibrium after the US presidential election, the day provides an excellent study in day trading volatility. Without question, the outcome of the US presidential election surprised everyone, including the markets. On election night, the S&P futures collapsed … [Read more...]
