A Professional Approach to Trading Futures

[PA3142]

Hi Steve
Interesting to start (properly) reading your thread and your analysis. Always interested in seeing that 10 traders look at the same asset and there are 11 opinions 🙂

On the MES i had 2 strikes (1 small loss and 1 win)

Going to try and download your thread as a file and read on paper (still old school on reading)

Thanks

 

[steven46]

Hello

I hope you are able to find something useful in my posts
Let me know of any questions and I will try to help (if possible)

Good Luck

 

[steven46]

Good Morning London & Euro Traders
It is about 11am in The City

Weekly Prep Part 1 Recap of the Front Half of the Week

This is our Recap of the Weekly Price action
It is divided into a "Front Half" and a "Back Half"
Professionals organize these weekly charts so that they present
an opportunity to identify re-occurring patterns, and once
this becomes apparent and identifiable, they can anticipate
and trade successive days with confidence.

From this chart we also evaluate price action, for example in the chart
below you may notice that price is moved down strongly, to a point
where buyers (buy volume) comes in. This is standard in the industry
and is to be expected. The old descriptors are "Pump & Dump" or
(conversely) "Dump & Pump"

There is a lot to learn here, if one were to take the time to investigate
they would at some point see that there is a structure and a logic that goes with
that structure. Traders who learn this, have an edge that is durable because it is
based on behavior, rather than popularized indicators or Internet gurus.
Our analysis is taken from an approach called "Adaptive Markets Hypothesis"

We attach the chart below (Part 1 of 2)

Now we will see if anyone sees the potential

Good luck