Good morning traders, A few important things happening this morning: Europe is strong at +1.3% (2 standard devs). UK is much stronger and is up 3.2% (4.5 standard devs) on followthrough from very hot manufacturing data. We are also seeing corresponding moves in Cable and Euro compared to Pacific currencies (GBPAUD +2%, etc). Chile is intervening with a 12B FX … Read More
Traders Ask: How Do You Prepare for the Trading Day?
A video blog that shows some ideas for ways to review important setups for the next trading day.
Morning Thoughts 1/3
Good Morning Traders, And Happy New Year! Some interesting things happening this morning: First of all, realize that volatility cratered in the last weeks of 2010, but this is nothing out of the ordinary. The circled area above shows our indicator that looks at each day’s price change as a standard deviation of the last 20 days. As you can … Read More
My List: Some Ideas for Finding Tradable Edges
A wrap up to the series on randomness in markets, with some practical trading advice.
Morning thoughts 12/29
Good morning traders, I am traveling and away from the computer all day. (Driving 9 hours back to New York, a big Thank You to Continental Airlines for that one, but don’t get me started…). I don’t see a lot in terms of setups today. Everything I had said from past days applies here: focus on specific in play stocks … Read More
Randomness revisited: random levels?
Another look at randomness in markets… this time looking at random S/R levels drawn on real price charts.
Traders ask: VWAP?
A brief look at VWAP: what it is, how to calculate it, and some ideas for how you might use it in your trading.
Morning Thoughts 12/28
Good morning traders, The bullet point format is a lot easier for me to write. Since you guys don’t seem to mind (or maybe even prefer?) it, I’ll continue with that format again. Also, I am once again writing this the night before, so I will update and note on Twitter if anything changes. I am not trading these last … Read More