Recent content by steven46

Hello Traders Posting this chart showing the result so far The day was interesting in that it was different than expected The preferred scenario (Rotation lower) did not play out. Readers who followed my previous post saw the "Overnight Drift" THEN if you look at the chart you can see that...

The London Session is fast drawing to a close. We stayed up to trade what is for us, an "Overnight Drift" condition. Although the setup was not perfect, it was close enough that we were willing to accept risk in order to obtain a windfall return. In this case it was +30 pts Regarding the New...

Hello London & Euro Traders Here are the pending High Impact Economic Reports for the week ------------------- NY Session Outlook – S&P 500 E-mini Futures This document provides a professional institutional-style outlook for the upcoming NY Session, combining high-impact macroeconomic releases...

For those unfamiliar with an institutional approach we have updated the previous chart hoping to make it easier for retail traders to understand The chart on the left shows an example of the "Overnight Drift" as researched by the NY Fed Interesting that this isn't of more interest. Not one...

You should obtain their track record for the last 8-10 years. That would cover most of the intermediate time frame regimes. Within that record, what is the max drawdown and the average yearly return. As far as the other details, it is not going to make a difference if they cannot produce a...

Here is the weekly cycle showing price action on chart with 30 minute candles on the right and 15 minute candles on the left Reset Wednesday is our primary reference, because (as it showed last week), institutions decided to make adjustments on that day, and the effects rippled though the...

Here is a chart showing the view on a chart with 2 minute candles As can be plainly seen, it is relatively straightforward to make a living in this profession IF you can learn how to 1) Identify the type of behavior (trend or trading range) 2) Apply the tools correctly 3) Control emotions and...

As seen in the chart attached For the New York Session of the S&P500 Futures, the early trading consisted of the following 1) In the first few minutes, Institutions created attempts to move the market higher AND lower in order to "facilitate" (to elicit "participation" orders from "uninformed"...

Today's PPI and its probable affect on the NY Session ------------------------------------ the December Producer Price Index (PPI) data, released this morning at 8:30 a.m. ET, came in significantly hotter than expected, indicating persistent inflationary pressures in the pipeline. This...

Hello Widget Makers and Euro Traders It is 6pm (approximately) in the City Here is our first hour (also known as the "Initial Balance") Analysis for the S&P 500 Futures As I have mentioned previously, I teach Statistics and Probability at University in CA and periodically I test students by...

Good Morning London & Euro Traders and those of you who are not busy making Widgets It is a bit after 10:30 London Local Time Today, we have two High Impact Economic Events, both of which have the potential to affect price movement during the NY Session of the S&P 500 Futures 1) At about...

And finally, here is the chart for today, showing the move up (in response to the economic report mentioned previously). The first trade was based on consecutive green candles suggesting that the Institutions would defend VWAP (which is what you should be asking about folks), and after that you...

Thanks for your comments "Reset Wednesday" is traditionally when Institutions, market makers, dealers, anyone really, who has significant money at risk, evaluate their status. Specifically they evaluate exposure to risk, how much are they long or short, and what do they think will happen in...

Hello London & Euro Traders We want to suggest the following before we stop posting To learn to make a living this way, a Retail Trader needs to obtain skills that are effective. They include 1) Learning to evaluate, monitor and plan for the effect of weekly releases of high impact economic...

On a related subject I have been testing ChatGPT to see the extent to which it can provide accurate information Initial results are NOT good. In each of several "Chats" I asked questions related to statistical processes that a 2nd year student should be able to answer correctly (I teach the...