Trading against your bias: how and why
I initiated a short in crude oil back in July, and an astute reader sent me a good question. For many weeks/months I had been operating with the assumption that…
I initiated a short in crude oil back in July, and an astute reader sent me a good question. For many weeks/months I had been operating with the assumption that…
I thought I'd kick the week off with a short, and maybe uncharacteristically personal post. As you've noticed, I haven't posted much (umm... at all) over the past few weeks.…
Just a quick (semi) post here to apologize for the lack of new posts here! I have some good stuff for you soon, but also a few things sucking up…
This podcast episode looks at trading around market extremes, Acts of God, and very large market moves. From market history, some examples might be 9/11, 1987, Fukushima, Katrina, etc. Today,…
I received a question from Alex, which appears to be a simple question. Digging deeper, it actually drives straight to the essence of intraday trading: If I am wanting to…
If you could hear anything beyond the screaming this morning over Greece, you probably also heard the news that China is now officially--yes, that's right officially--in a bear market as…
The EUR/USD provides a good example of how we can use higher timeframe context to motivate an entry based on a lower timeframe breakout. First, the big(ger) picture, from the…
There are a few practices that consistently separate winning traders from the losers. True, there is an incredible diversity of winning strategies, approaches, and personalities, and winning traders do and…
A look at how to execute trades: where they set up, and how, when, where, and why to pull the trigger--to make the decision to get into or out of…
1. It is not just that risk is hard to understand--some risks may be impossible to understand. Your risk management plan has to leave room for the unknown and the…
Traders talk about and think about risk all the time, and for good reason: this is a risky business! A lot of things can go wrong, and some of those…
A_Joe sent me a question on market cycles: You wrote a post (here) that talked about market cycles. I request that you share some more information on market regimes and…
Yesterday’s moderately strong downtrend came within higher timeframe consolidation. This is still a market primed for a stronger trend move. Do not fade a break above or below key levels…
In my last post, I looked at intraday activity in stock indexes; I had a few requests to repeat the same work, showing time of day influences--intraday volume (tick volume)…
This is still a market seeking a catalyst, though bullish factors continue to accumulate. Look for a strong rally above the 2121-2124 level; do not fade a breakout that holds…
I want to share a few observations on trading activity during the trading day. I will focus on the S&P 500 futures here, but may extend this (if there's interest)…