Recent content by steven46

Hello Traders This will be example 3, showing how institutions "trap" traders in order to move markets in the desired direction Traders should know that computer programs monitor price action and when certain "behaviors" occur, they trigger automated buying or selling. The markets are...

Hello London I was going to start with "As luck would have it" however this has nothing to do with luck and everything to do with experience, preparation and skill. We began (as we always do) by reviewing our Economic Calendar, where we found that tomorrow, CPI will be released This provides...

Hello London Traders Today we had several fellow traders and friends on a Zoom call. We started an hour prior to the open and we tried something new (for me). We looked at London Session, marking the chart to show the range (open, high, low) and then we worked together to create "consensus...

Hello This is about gaps, how to read them, and how to use them to identify "trapped volume" Most retail traders do not know the importance of identifying trapped volume. Once you can do this, you have an edge that (in my opinion) will last forever. The attached chart illustrates several...

Contact your broker's service desk to confirm You can place a MIT (Market if touched) order. If your price is touched, it is then executed "at the market" so you will have slippage, but you WILL get filled. In contrast, you can place a Limit Order at that same price, and if you get filled...

Hello and Thanks Trader333 Today was unusual, in that it represents what commercial traders call a "Roundtrip", which is +10 on the upside, then +10 to the downside This happens when the economic news drives the initial (pre-open market up artificially, then as the NY market opens, the algos...

Here is today's session. On the left side, a simplified screen that seems to work well for retail traders. On the right side, the screen that I was taught to use. Entries and exits occur at approximately the same time. Struggling traders. This is what my day is like. I trade for a limited...

and we are done for the day, as the skew turns negative This is a repetitive pattern (Legs 1-2-3 with institutional algos kicking in to take at least partial profit on leg 3) I have other obligations to attend to Good luck

This was especially fun Again we had people from our first class This time they seemed to be in synch with both the preparation and the initial assessment of the market. It helped that the price action was obvious 1) As mentioned (several times) the markets are assumed to be "forward looking"...

Here we are again and I am posting a 5 min chart showing the Asia session Same tools, same strategy and same result (+10 pts) Review of the previous posts should provide confirmation that this strategy continues to work. This is not a surprise. It was used by my mentor and the only difference...

Today we post two (2) charts, the first showing daily candles and we have our overhead profit target marked at 92. Professionals look at fluctuations in volatility to determine the probability of price getting there during a given session. The second chart shows price action on a 2 minute...

On the West Coast US (Los Angeles area) we see news reports of civil disturbances with people protesting activities of federal agents who have been removing illegal immigrants from California So that is the news The chart attached below, shows what we have mentioned several times now and that...

Further update on this trade

Another example showing the Asia Session Most of the movement is in response to news (as was mentioned previously). I simply monitor and respond Important to know where to anchor the tools and (as usual) one has to be disciplined, managing trades in a reasonable way. This trade shows the...

Hello, Interesting development since I last posted. A small group of traders contacted me to say that my system didn't actually work. They suggested that they tried it out in the Asia market and it did NOT work. I brought them in (virtually of course via Zoom) to watch me trade tonight's Asia...