With the pessimism that has ruled the markets since crude oil's fall through 105.00 and the Dow Jones Industrial Average's slip from 13,338 and through 13,200 and then through 13,000...is it too crazy a notion that the risk environment about to shift, again? The chart's tell the story, most especially the chart of the daily…
My initial sell limit is waiting with 1/3 of my overall position size at 81.90...and while it does look like - for now - the 81.50/81.55 area is holding as near term resistance, I would rather wait for a push higher and get short against the major "00" psychological level...even if that means I miss…
Here's how I do it, each and every day! …
There are a number of gap close plays to consider but the Dow is front and center for me because of the risk implications. If the market keeps the gap close ceiling, we're looking at pressure on equities bulls and perhaps a resumption of the move lower that accelerated Friday. How much of the news…
Learn what transition, rollover, and chop are and how to recognize them. More importantly why it's so important learn to either avoid this environment or apply the right approach and indicators to a "two to four o'clock" environment. …
Tonight at 10:00pm EST comes a report likely as impactful (maybe more so) than last week's NFP. It's China's GDP and it seems the markets has been discounting a better-than-expected result. …
It's "awesome" because I'm sharing what was a fast-paced, question-driven, and educational Forextra Hour. This was Day Two of the two-day live trading event in the Trade the Markets chat room. This session was really a great look at what makes TradeForexFutures.com come "tick". My set ups, the thinking behind entries, risk management, scanning for…
A look at the afternoon's S&P500 meltdown: It was really just a matter of time and the last of the risk off trades that I was waiting on... …