When you consider if you should take a trade, apply the trader’s equation and ask yourself: «Will I make money on this trade?» The decision is based on an assessment of the mathematics of the setup. Although the trader’s equation may not come to mind explicitly, it is always the basis for the decision. You […]
Day trading strategies for breakouts, microtrendlines and microchannels
Everything on a price chart represents either a trend or a non-trend, and there are day trading strategies for for both. Non-trending swings are trading ranges, and non-trending bars (bars with small or non-existent bodies) are dojis. When the market is in strong trend mode, look for setups to trade with the trend, such as […]
Forex trading strategies in broad bull channel
Ninety per cent of the time, the market is either in a channel or in a trading range, and it is better to buy at support and sell at resistance. This a good Forex trading strategy…in fact it is a good trading strategy for any market. In a bull channel, support might be the bottom […]
Weak signals need strong breakouts
Today was a trading range day that had a strong reversal up from a weak buy signal. When that is the case, bulls should wait until the upside breakout is strong and then buy because the probability of a profitable trade is higher at that point. This was mentioned in the Trading Room. The market […]
Scale Into reversals
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 […]
