March 20, 2019
Trading the FOMC Reaction
The FOMC Announcement is one of the most explosive news reports we get each month, but the REAL money is made on the reaction the following day.
Continue reading March 19, 2019
Number ONE Trading Rule
What’s my number one trading rule? It’s simple – always trade in the direction of the market’s momentum. In fact, I always ask myself that important question before I take any trade. What direction is this market’s momentum? Can I include a major support and resistance level with the entry pattern? Now we’re on the right track for reliable entries!
Continue reading March 18, 2019
I Don’t Trust These Levels
I don’t trust price levels when they’re nothing but ratios and calculations – I only trust REAL levels – trend-lines, channels, range lines, measured moves.
Continue reading March 14, 2019
Risking Small to Earn Large
The term “risk small to earn large” is my way of describing trade set-ups that have a much larger reward than the risk required on the trade; the reason why these are important is because they attract the “big fish” in the market, and when you trade with the “big fish” you’re going to see much better results.
Continue reading March 13, 2019
Trading Sharp Pullbacks
Sharp pullbacks are one of the most challenging market conditions to trade because they give the opposite side of the market the courage to start trying for a full reversal – which is why I wait for a very specific entry pattern.
Continue reading March 12, 2019
Volume for Precision Entries
An easy way to pinpoint your entries in a trending market is to look for pullbacks into the high-volume area on the chart, which is usually where the candlesticks are overlapping and the moving-average is flat.
Continue reading March 11, 2019
Who Comes First? Bulls (or) Bears?
One of the important questions we ask ourselves during strong trends is.. “who came first? The bulls or the bears?” That’s going to determine which direction I focus my attention on.
Continue reading March 7, 2019
Four Leg Trading Strategy
Why are four legs so important? Because it alerts me to start looking for either a trading-range or a flag pattern. Once I see that pattern on the chart, I know precisely where the best entries and exits will be from there.
Continue reading March 6, 2019
Best 1-2 Combination Set-Up
The markets are battling back and forth inside of narrow ranges this evening, which means the goal is to fade the breakouts using the best 1-2 combination set-ups on Thursday.
Continue reading March 5, 2019
Flip the Momentum
I like to “flip the momentum” when I see a strong counter-trend pullback by using the stop-losses as FUEL for the move going back with the original trend.
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