Recent content by steven46

Well I will begin by saying "Anata wa nihongin desca neh?" (you are Japanese yes?). Forgive my bad spelling but I lived in Shinjuku Japan for several years. My system uses only a couple of tools, all of them based on volume, which is what comes before price can move professionals know this. The...

Okay, so I have seen this movie before. Let's go the bottom line. What really matters is whether a system can produce consistently positive results over a reasonable period of time. In my case I was asked by my mentor to pay it forward, providing struggling traders with an alternative to...

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"...

Today's PPI and its probable affect on the NY Session ------------------------------------ the December Producer Price Index (PPI) data, released this morning at 8:30 a.m. ET, came in significantly hotter than expected, indicating persistent inflationary pressures in the pipeline. This...

Hello Widget Makers and Euro Traders It is 6pm (approximately) in the City Here is our first hour (also known as the "Initial Balance") Analysis for the S&P 500 Futures As I have mentioned previously, I teach Statistics and Probability at University in CA and periodically I test students by...

Good Morning London & Euro Traders and those of you who are not busy making Widgets It is a bit after 10:30 London Local Time Today, we have two High Impact Economic Events, both of which have the potential to affect price movement during the NY Session of the S&P 500 Futures 1) At about...