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…
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…
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…
Short term trading, intraday trading, daytrading--call it what you will, these styles of trading bring some unique challenges. Tools and approaches that work in other timeframes also work intraday, but…
Yesterday's play was to not fade a break, up or down. This turned out to be correct, as the market gapped lower on the open, and did not look back…
This post is the first in a series I will be extending for a week or two, focusing on short-term and intraday trading. Each day, I will be publishing a…
Over the past few days, I've written a bit about trading macro events and reports, and I also did a podcast episode on the subject. I shared some ideas about…
Every day, we are hit with economic reports, earnings for stocks, speculation, opinion, and a flood of other information. Some of these events move markets; some are non-events. How can…
There are so many things we can't predict; surprises, good and bad, happen. Sometimes these surprises can have a dramatic impact on our positions. One of the core tasks of…
Gaps are important. Gaps on charts can show powerful shifts in market dynamics, and we can identify some interesting tendencies around these gaps. Intraday traders often find an edge in…
Three more reader questions this week: how do we deal with runs of wins and losses? What about applying technicals to non-linear (or derived time series), and how do we…
You have to be a disciplined trader. This is one of the nuggets of trading wisdom we hear constantly, and for good reason--it's true. Without discipline, we will make many…
Richard Wyckoff was one of the founding fathers of technical analysis, and one of his most useful concepts was to divide the market into an idealized cycle of accumulation, mark-up,…
Multiple timeframe analysis is almost a buzzword in technical analysis. I have been involved in markets actively for two decades, and have been an active participant in dialogue about markets…
I answer three reader questions here, and stretch the boundaries of this podcast just a little bit. Igor asks: "We know that the smaller the timeframe(TF), the more random the…
Let me preface this by saying two things: First, I'm bullish on global stocks over even moderately long timeframes. Technicians like to call tops, but I think this bull market…
One important question for discretionary traders to consider is how to weigh objective and subjective elements in technical analysis. Some things are simple and clear, which is one reason that…