Recent content by steven46

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...

One of my best trades is based on the simple principle of repetition I often look for these trades based on a 50% pullback (the "initial move") While the initial move is tradeable (I trade them), the 2nd move has the highest odds of success. If there is a 3rd move, the odds are a little less...

Another "Steal the Trade" example The context has been covered in previous posts and on the left side, we see that the red line (volume profile POC) is well above the VWAP suggesting a strong statistical skew to the downside We wait for a breakout (on a Wide Range Bar) with short entry on the...

Here is another good example of a "runup trade". In this example, it is obvious that UK institutions are "informed". That is to say, at least some of them have an accurate idea of what the report will say prior to release. The more aggressive participants position themselves prior to the...

Building on the previous post. As mentioned, after a significant move during London Sessom. the market opens and settles into a trading range. About 3 hours later (9:45 PST) the market breaks above the range. At skilled trader using my system, would notice the following 1) A tradeable...

This is the market two (2) hours after the US session opens Stuck in a trading range This is often the case after a significant trend move during the London Session

Another "Steal the Trade" example as mentioned in previous posts

It is early morning here on the West Coast USA (3:51am) I am posting a chart of the previous session (Emini) Readers should refer first to the previous chart which shows a WRB (Wide Range Bar) that was created at the release of an economic report prior to the US session open Our primary role...

Here is the same chart after the Jobless Report Release. The release (and additional data) shows that the US economy is slowing (which is thought to be a good thing because it will moderate inflation). The resulting response was a spike move to the upside Looking at the chart, on the right side...

Posting another example chart, that illustrates the principle of "Repetitive Behavior" When we train participants, we suggest that they learn to toggle between 5 and 15 minute candles. In our experience, it is easier for retail traders, or those who might be struggling, to learn to identify...