Good morning traders. Hard down move in the overnight futures confirms the break of the rising trend line in the s&P . In my view this is the start of a consolidation in the markets. In terms of my strategy, I am going to look to keep my trading very light. This is not a time to start loading up … Read More
Morning thoughts for September 21, 2010
Good morning traders. Market is up slightly overnight following a very strong session yesterday. Typically after a trend day the following day tends to see consolidation in the morning session. On the open I will be much more inclined to take quick momentum profits than usual. I am also going to be looking to buy quick dropouts to afternoon support … Read More
Finding good setups in a quiet tape
This blog is going to go over one of my recent trades in COG. Yesterday’s morning session was very quiet and I was having difficulty finding stocks that were really moving. I was able to establish during the first 15 minutes or so that I would trade a ‘range strategy” until the market structure changed. (more about this on another … Read More