Although the adage “never add to a losing position” generally is good advice, most experienced traders also know that every rule has its exception. Many successful traders believe that they cannot pick an exact top or bottom reliably, but they are confident they know when one is forming. When that is the case, they often […]
Will the stock market enter a Trading Range in 2014?
Will the 2014 stock market enter a trading range? I hope that this blog about monthly price action will help traders learn how to trade the stock market a little better. The monthly chart has had a series of buy climaxes over the past 5 years and now is at the top of channels on […]
Stock market report for August 2013
In this Stock Market Report for August 2013, I discuss the probability of the stock market putting in the high of the year over the next several weeks as well as a case for 1875 in the S&P within a year or so. I also talk about the price action in monthly bonds, gold, and […]
How to trade foreign exchange market weak breakouts
This is an example of Forex exchange market trading, showing how to trade a weak breakout in the EURUSD. It is from my Futures Magazine webinar for the Traders Expo earlier this week. This is a transcript that was created by YouTube’s Close Caption voice to text, so it probably is not perfect. Hi. I’m […]
futures.io webinar: anticipating the next trade
Here is my June 4, 2013, 90 minute webinar for futures.io Trading Forum on Anticipating The Next Trade: futures.io webinar: Anticipating the next trend futures.io is the largest futures trading community on the planet, with over 75k members. futures.io creates a friendly, positive, forward-thinking community where members can openly share and discuss everything the world […]
Scaling Into trends. example using the forex and currency futures markets
I posted a version of this on Friday, April 26, 2013, but the content was not as clear as I wanted. I remade it today, Sunday, April 28. This video complements my May, 2013 article on Scaling into Trends in Futures magazine. In this video, I am using a 5 minute chart of the Euro […]
AAPL testing bottom of monthly channel and will likely enter a trading range lasting years.
This is an update on the daily, weekly, and monthly charts of AAPL, which will probably trade below 400 in the coming weeks and then sideways for years.
futures.io webinar: probabilities, timing, scaling
Here is my January 14, 2013 webinar for futures.io Trading Forum on Probabilities, Timing, and Scaling. futures.io webinar: Probabilities, timing and scaling futures.io is the largest futures trading community on the planet, with over 75k members. futures.io creates a friendly, positive, forward-thinking community where members can openly share and discuss everything the world of trading […]
Learn to trade high 4 and low 4 reversals on 5 min emini
An important step in learning to trade the Emini is to understand channels and High 4/Low 4 reversals. Bull channels often reverse after a fourth push up and the minimum target is TBTL SD (10 bars, 2 legs, sideways to down). Bear channels often reverse up after 4 pushes down. This week had examples of […]
Open of day and month as support and resistance.
The open of the month or day can be a magnet. On the last day of the month, if the open of the day is within about 5 points of the open of the month, there is about a 70% chance that the market will trade to the open of the month as a test. […]