Recent content by steven46

Integrating trades with economic reports is part of the training that a skilled person should obtain in order to create a sustainable business model We create a "look ahead" schedule of high impact reports at the beginning of each month. We create scenarios (long & short) based on the best...

Getting to sleep early this evening so I will post this "End of Session" chart. I want to point out the following 1) It helps to use ETH charts. As seen in the attached example, it is often the case that we can extend lines from the previous to the current session, and when combined with...

This will be my final post today As can be seen in the chart attached. The POC/VWAP relationship has changed such that we now have a developing long bias (and 2 bar reversal in progress) So far this morning we have a successful short entry followed by a potential reversal and long entry above...

And this chart shows the transition, shortly after the US open from ETH (Globex) to RTH and from 15 min to 5 min Candles This is the framework that I use. As was previously mentioned I recommend that retail traders stay with the 15 min time frame as it will keep them out of trouble, preventing...

Profit Taking on the Open

As seen in this chart, the prior session high profit target was obtained just prior to the US open. Once again, close to +10 pts for traders using aggressive entry and holding Typically this next bar (prior to the open) will be a profit taking pullback

The attached chart shows an example of a "Test-Retest" setup

In my view, this should be obvious, but for the sake of others let me just state the obvious. Wherever professionals are competing it is unlikely that amateurs will prevail This is especially true in the financial markets. Rather than lose you own money, trade a simulated account, until you...

This chart shows (part of) the method I use to determine both initial volatility and the point at which I will anchor the FRVP (Fixed Range Volatility Profile). Anchoring the VP at the point of initial volatility allows for significant sample size to accumulate in advance of London Open at...

This chart is what I recommend for traders who may be struggling to find an edge On the left, we display 30 minute candles and ETH (Globex) market. On the right, 15 minute candles and again the ETH market We anchor our VP/POC starting at the London Open. We look for evidence of a specific type...

I am done for the day The important issues for retail traders are as follows 1) Select the time frame that works for you (15 min is recommended for retail) 2) Do your prep a) Analysis of which setups worked best (and which failed) during the previous week timing of entries is also...

Posting a chart that shows another profitable trade based on the London Open. As seen in the chart below, Asia often opens in a tight range until London goes live. At that point the impact of added money entering is apparent. The VWAP envelop expands, and the statistical skew gradually...

I will be posting less often now, because I have an obligation to a client Interestingly, my commercial clients do not object to public posts outlining my approach. In meetings they suggest that there is no concern as to whether I am giving up my edge, because in their view retail traders...

Here is another "runup trade" example The last bar to the right is the 5:30am PST report release of "Initial Jobless claims" The primary message is simple. This is about putting the pieces of the puzzle together prior to the release, then having a reasonable strategy for trading the...