Recent content by steven46

Hello Traders As mentioned in a another thread. I am experimenting with a funded company called OneUp I purchased an account and will trade it to see how it goes. My intent is to write a series of articles about this industry. So far, no complaints about OneUp, They have been helpful and...

The previous post reminded me that I promised to post my experience with OneUp Trader I have been remiss and I apologize. The account with OneUp is not free. I paid $50 for it and am paying a monthly fee. I like them so far and will give them a fair review for any who are interested to read...

Interesting session The outline presented in the previous post shows the framework. The basis is (was) the previous New York Session MOC imbalance and the way that the market reacted, suggesting this would occur One would think that a perceptive person would see this and want to learn how to...

My analysis of Friday's chart 1. What the Chart Is Actually Showing (Structural Read) A. NY Session Structure The New York session opens with acceptance above VWAP/EMA, followed by persistent one-time framing higher. Pullbacks are shallow, overlapping, and bought, consistent with passive...

For those who did not choose to engage AND for those who did but did not stay in touch I want to post this important example of what institutions call "context" before I stop posting on this website. My mentor taught that "Context is Everything", meaning that a trader must 1) understand and...

For those who MAY wish to learn more, please note the following. I teach math, I know statistics and quantitative methods and yet I only use a small fragment of that knowledge to trade. Why? Because what is most useful to a trader is 1) basic ability to think critically (also known as "common...

Hello Traders Here on the West Coast USA, it is Friday night, and we have had another "gift" session in that it followed a cyclical pattern that we have seen so many times in the past. For those unfamiliar with the Weekly Cycle, We divide the week into a front half (Monday through Wednesday)...

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"...