A Trader’s Thanksgiving List
Here’s the list, including a few 2003
incremental thoughts in italics. 12. CNBC to forever fuel
emotional opportunities for the profitable wholesale trader.
More rampant then
Profitable Trades Happen — For This Type Of Trader
I also see many traders —
specifically those looking to develop serious trading skills
for long-term income purposes — doing similarly on
profitable trades, and actually in some cases being
encouraged to do so by som
What You Should Know About Trading Contra-Trend Moves
I’m currently
working closely with a trader who has turned his thinking
around from pursuing primarily contra-trend trades so he’s
now more on the alert for 5MA/15MA crosses and first
pullbacks. R
What’s More Important Than Patterns, And Other Thoughts
The markets provided something
for everyone this week with a wide assortment of gaps, wild
Globex ranges, Bank of England spooks, and employment data
that once again provided as much fuel for effective short
traders as for longs — w
This May Provide Fuel For The Bears On Monday
Let’s hit the charts and then talk a little about my
thoughts on trading station redundancy.
How Trading Imitates Life
Those that are still trading on any given day are able to do
so primarily because they are survivors. They’ve been able to
withstand changes in market regulations and rhythms, market
crises, extended periods when probability shows tails when
positioned for heads, and times of personal crisis and other
n
Here’s How To ‘Turn The Page’
Essentially, the concept reflects the strong psychological requirement for teams toiling through 162 games that each game — and certainly any event within a single game — stands alone, and that a single game — while key in terms of aggregate season results reflecting the sum of micro-events — can and should have no influence on the next game
Here’s What I Wish The ‘Gurus’ Would Tell Us…
I continue to scratch my head over entities that recommend
screaming “trend” buys or sells irrespective of the
extent of the existing trend. And while many of these
entities provide effective guidance early in trends and
deserve kudos, tired momentum signals on multiple timeframes,
con
A Trading Myth, Dispelled
Maybe “plague” is a bit drastic as
such behavior is really as typical as the common cold in this
industry — it’s just that the voices get just a wee tad … oh
what’s that word … oh yes — “LOUDER” when the market goes on
its occasional runs which it does from time to time. Now this
isn’t to say that there
Putting Things Into Perspective
Both major markets closed mixed for the week with ES closing
down six and the go-go Nasdaq tacking on four. So call
it a stalemate on the weekly charts as price vs. momentum
divergences battle it out with daily and weekly uptrend
supports
How To Stay In Tune With The Market
Don’t pay attention
to trend-based material that reflect systems where you never
fight the trend .. it’s simply not relevant. Are you an
effective three-minute scalper? Pay absolutely no attention
to daily and weekly Elliott Wave interpretations. It can and
will mess with your mind. Do others tell you
How To Take A Look At The Fuel Gauge
It will be ‘interesting’ to see how the Nasdaq responds to a 367 point
gap (20%) between current price and support, which of course
can happen via price retracement, consolidation, or some
combination of the two, which is typically the likely
scenario. Yet a break of current weekly support is likely
required as confirmation to avoid becoming unnecessarily