the secret to earning consistant profit with trend reversals is to (a) find a key turning point, (b) respect momentum, and (c) wait for the opposite side of the market to confirm they’ve entered, then finally (d) run those stops to fuel the reversal in the opposite direction!
Continue readingWe saw some BIG RUNS in today’s session, but it looks like a few of these markets have reversed momentum, which usually means there will be opportunities to “trap” the trend-followers on the wrong side tomorrow morning.
Continue readingMarkets are heating-up going into Tuesday’s session — and with some big “blow off” patterns on the chart tonight, I have the perfect plan to help us find the best trades tomorrow morning.
Continue readingWhen is the best time to “run the stops”? First, look for a shift in the market’s momentum. Second, look for a technical level that prevents the trend from continuing. Third, wait for the trend-followers to get stuck in a bad trade so you can attack those stops!
Continue readingThe most effective way to avoid losses is to follow a set of rules, focus on the process, and avoid trading with instincts.
Continue readingWe have some easy clues on the chart tonight, specifically some double-tops and double-bottoms telling us exactly where the best trading opportunities will be for Wednesday’s trading session, so don’t miss tonight’s video
Continue readingWhy is FOMO such a big deal? Because any time you suffer from FOMO you’re using buying at resistance (instead of support) which means you need a wider stop and a smaller target — and NONE of that sounds like a very good long-term strategy, does it? (read that back again out loud and you’ll see!)
Continue readingWe survived the FOMC Announcement, and now we have a handful of large SPIKES on the chart, which are telling us exactly what to look for tomorrow morning. Crude Oil is bullish with spike higher, and with the recent pullback off the highs, I’m waiting for the sellers to try and fail so I can […]
Continue readingThese markets are RED HOT going into Friday’s Non-Farm Payroll Report, but forget the big moves on the chart, it’s the LITTLE clues that are making the biggest impact on my trading plan for Friday morning. Crude Oil is bearish, but look closely and you can see this is likely just a ‘pendulum swing’ coming […]
Continue readingWe’re headed into the FOMC Announcement on Wednesday, and with a handful of easy trading-ranges on the charts, we’re looking to catch those counter-trend trades on the wrong side of the market – and as always, I have a plan.
We’re headed into the FOMC Announcement on Wednesday, and with a handful of easy trading-ranges on the charts, we’re looking to catch those counter-trend trades on the wrong side of the market – and as always, I have a plan.
Continue reading