A trade in GBP/USD using our psychological price expectation patterns. A trade that started from our daily chart and ended as a swing trade. related articles: a good time to trade, the real market trend, forex correlation. follow me on twitter
The March Bearish Butterfly Trade
This post is the first in a series that we will be publishing over the next several weeks, tracking the hypothetical performance of the bearish butterfly trade as it would have been handled according to our guidelines contained in SMB’s Bearish Butterfly Video Series. On Friday, we initiated the March bearish butterfly trade in the $RUT. If this was an … Read More
Free Options Webinar: SMB’s Options Tribe: Today, January 24, 2012 at 5pm EST: Crude oil options and “edge”
Today January 24, 2011 at 5:00 pm Eastern Standard Time SMB’s Options Tribe is an online community of options traders dedicated to sharing successful options trading ideas with all of our members worldwide. Each week the community will meet online for the primary purpose of watching live presentations made by veteran options traders and experts in the world of options … Read More
The Lense Matters
One of the questions I am asked most frequently by aspiring traders is what time frame do I use on my charts for intraday trades. My stock answer (no pun intended) is that from 9:30-10:00 I am looking at 1min or tick charts and then I zoom out to 5min. But recently I have found that a 15 minute view … Read More
SMB Fundamental #1: Proper Preparation
Last month I wrote a post about SMB Fundamental #7–Reviewing Your Important Trades. Today I would like to discuss #1–Proper Preparation. All trading success begins with proper preparation and that is why it is #1 on our list of trading principles that must be followed for each trade. Part of my morning pre-market preparation is to review the price action … Read More
Free Options Webinar: SMB’s Options Tribe: Tuesday, January 24, 2012 at 5pm EST: Crude oil options and “edge”
Tuesday January 24, 2011 at 5:00 pm Eastern Standard Time SMB’s Options Tribe is an online community of options traders dedicated to sharing successful options trading ideas with all of our members worldwide. Each week the community will meet online for the primary purpose of watching live presentations made by veteran options traders and experts in the world of options … Read More
The easiest trade of this open (STT)
Scanning the market universe on the open STT, State Street Corporation, caught my eye. 1) I liked that it was down a lot 2) I liked that after the open it showed an ability to move away from prices 3) 40/39 were levels on my long term charts so it still had room to trade lower 4) There was a … Read More
Technicals Trump The Tape in Financials
We consider three things when making an intra-day trade: The Tape, The Technicals, and the News. How each of these factors is weighed depends on the particular setup, the type of stock and current market conditions. JPM was the first large financial to report numbers on Friday. The numbers were not particularly good and it was showing weak price action … Read More