Chart of the day: bear flag in Treasury futures
A market that is often a focal point for political opinion, fears, and speculation. None of that is necessary when your trading plan has an edge...
A market that is often a focal point for political opinion, fears, and speculation. None of that is necessary when your trading plan has an edge...
I thought it would be interesting to update this post, which was a fairly in-depth look at trading some pullbacks in copper. If you haven’t read it, go read it…
Over the past few weeks, I've been hanging out a bit more in internet trading rooms and groups. It's been a good reminder of the kinds of questions and mistakes…
Recent action in copper futures gives us some market lessons. These can be adapted to other markets and timeframes (so if you just trade stocks or currencies, don’t skip over…
I've written a few posts recently about doing the right thing and the pain of missing moves. Sometimes very simple concepts can get us far, and I want to propose…
One of the key challenges for discretionary traders is balancing short-term and longer-term information. Err too far on either side, and bad things will happen: Focus too much on short-term,…
So, we live in a world in which investors are nervous. Everyone knows the Fed is going to raise rates, it's only a question of when and how much. Everyone…
Short answer: probably not. The long answer is more instructive, so let's get started. Context matters, but what does that mean? What is context? In this case, the longer-term relative…
I want to share a quick short setup in the S&P 500 index today. This is a repeatable pattern, and draws on many elements I have discussed here on my…
Given the action in US stocks this week, I thought this might be a good time to share a few thoughts about the market. I hope to be able to…
Effective trading patterns are usually simple. The more complicated an idea is, the more likely it is the result of trying to fit very random data (i.e., the market) into…
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…
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…