I just posted in my Facebook group… * WARNING: Sales Pitch Coming* … join it here if you haven’t already. … Ok, back to business … Anyway, SQ just hit some pretty serious resistance. Both the weekly and the daily. On the chart below you will see the grey weekly zone, and within that you …
Personally, I swing trade stocks and I day trade futures. Consolidation breakouts are a big part of my stock trading strategy, and I use them quite often to confirm my futures trades. A “breakout” play is simply a play in which consolidation is broken out of, and the trend continues on. These plays can be …
This trade was the last trade I took during the U.S. session today. I do trade Asia and London quite often; especially Asia. Look at the chart. Look closely! There are lessons to be had in it. Why do I say that? Because, earlier today in the Facebook group that I posted this trade in, …
Yesterday, I posted about my thoughts on where we were headed in the no so distant future (sometime this week). See that post here: What Will The Markets Do This Week. The market moved up, played around at my resistance zone, then moved on to smash through target. A pull back into that target area …
So you’re new to trading and have no idea where to start. You don’t even know what platform to use. Don’t worry! We’ve all been there. Over the years I have used many platforms. Some decent, some terrible, and some are great. But in my opinion there is one that stands out as the best …
Below is the trade I took, that netted me 39 points. It was a 13 point short with 3 contracts. My analysis began on the 15 minute chart, but my entry was on the 1 minute. On the 15 min, the chart was in an obvious downtrend, as it had made a two candle impulse …
Technically speaking, we are in consolidation. I will be looking for a break; either to the upside, or downside… Lol, shocking news, right! If we move to the upside, I’m looking for 3588 to break. If we move to the downside, I’m looking for 3542.75 to break. I don’t get too caught up in the …
This was my last E-mini trade of the week. I took a short and targeted my usual 3 points X3 contracts for a total of 9 points. You can see the entry and target in the pic. But that’s not what I wanted to show you. What I wanted to show you was the bounce …
As a market manueverer, I take calculated risks, not gambles. Although, many people consider the stock market one big casino. This is false in my opinion, and I’ll tell you why. In Vegas, one simply puts their money on red, or a number, or in a machine, etc. Then the wheel is spun, or the …