Using highs and lows
How do we know how that market is doing on any day? If we turn on the news, we will hear something like “the Dow Jones is up 40 points…”,…
What we learned about price levels
This is part 2 of a two part blog. Read the first part here. Quick summary: to test the validity of price levels in markets, we created a test in…
Daytrading the S&P 500: Intraday trend structure and setup
Thinking in checklists is useful, especially for shorter-term traders. Every market situation is full of rich and complex nuance. Every moment in the market (or in life) is unique because…
S&P 500 futures activity by time of day
Most people know that stock markets tend to be much more active on the open and close, and are often "dead" in the middle of the day. This is important…
Time of day influences in currencies
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)…
It’s all in a day’s work
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)…
Short term trading strategies that work
Over the past week or so, I've written a bit about short term trading strategies on my blog, and I've also done two podcasts (here and here.) Starting tomorrow, I'm…
A roadmap for the trading day
When I was an active intraday trader, one of the things that was most important to me was having a rough roadmap for the day: what is most likely to…
Chart of the Day: S&P 500 short-term setup (5/28/15)
Momentum begets momentum—selling, usually, leads to further selling. Yesterday sent a loud and clear warning to bears in US stocks: there is a lot of hidden bullish conviction. The rally…
A new look at measuring trend days
For intraday traders, trend days can offer outsized rewards. For some styles of traders, much of the work of trading is focused on capturing trend days, and most of the…