Recent content by steven46

A final question, ironically from a person in my first class, with regard to Cycles There are all kinds of "Cycles", promoted as the "End-All, Be-All" and thought to represent some useful purpose. I don't claim to be an expert. I was taught this basic concept and my only concern is "does it...

And here is an example of "Negative Skew" as traders take profit on the previous long trade I missed this trade, because I was posting, and this is in part why I am stopping. The position of the red line vs the white (VWAP) is clear, and the short entry is below the white line. Again (and for...

I received several questions regarding the use of "Skew" I summarize as follows The skew is the difference between the red line (volume profile POC) and the VWAP. Both are tools that commercial traders rely on for various reasons AND commercial trading firms use the VWAP to evaluate each...

Although I may return to address questions, this will likely be my last post The attached Markup shows a dual screen with 5 min candles on the left and 15 min candles on the right. The emphasis is on providing retail traders with 1) a way to frame the price action, so that they can 1)...

We attach an example chart, showing the weekly cycle to date The operational benefit is significant, provided a trader can learn to think along with/get aligned with the way the institutions work What Happened this Week 1) Monday/Tues form what is known as the "Initial Balance". In a...

Today was a "Green News" day, meaning that we had several "high impact" economic news events happening and (in our opinion), "other" time frame participants had advance knowledge of the outcome and had pre-positioned themselves in the market, to take advantage of the move up We teach this. It's...

This was fun I couldn't sleep and so I stay up to watch London Session Open This one fell into my lap so to speak Referring to the previous chart, we saw price break to the downside, then pullback, and finally (textbook setup) we get a 1-2-3 with entry at "4" and it resulted in +10 I am...

This is our pre-market chart for the NY session of S&P500 futures Again our emphasis is on simplicity and placement of data that is useful It assumes that the trader/operator is retail and so does not manage or have oversight of an automated program. This means that we look for trades based an...

Today is "Reset" Wednesday, meaning that the weekly cycle that is the basis of our work starts over again. We still mark the previous Mon-Tues High to Low Range, however we look for price to trend early and reverse late The simplified chart shows the early price action, consisting of three (3)...

Another easy day trading the US session We wait for price to take out the initial balance then for price to test a recent key reference, in this case it is the low of "Reset Wednesday", then as price demonstrates strength, we enter long and hold to the BRN (big round number). Referring to the...

As mentioned I have obligations that keep me from posting in real time. Very soon I will arrange for interested persons to watch on a "Zoom" meeting screen to see how its done. The bottom line is that the logic has to be put in place first. Then, when the market opens the real work happens, as...

Good Morning from West Coast US Today's session can be characterized as "Typical" for a Monday We started by evaluating the Weekly and Daily charts. We move on to the Economic Calendar (we prefer Invest.com) and with no pending economic news today, we refer back to the trading display, where...

Hello UK readers This week I completed testing of two (2) simplified systems meant to assist retail traders who find themselves struggling. One is a scalping system, based on 2 minute candles, the other a swing trading system, based on 15 minutes candles. Both have a significant edge if...

Thanks Paul once again for your "Thumbs up" We are quite busy today, but wanted to post a chart showing the initial move down and the reversal which happened as anticipated at about 8am PST or about 4pm. We show students how to 1) do the research, identify previous similar instances and then on...

Reading some of the comments from retail amateurs I can't help but be amused Look readers, success in this endeavor is all about learning how to think critically how to accurately anticipate the effect of events on the markets. Today was "Typical" Here is the scenario that a professional...