Tuesday November 15, 2011 at 5:00 pm Eastern Daylight 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 outstanding veteran options traders and experts in the world of … Read More
Forex Trade
More pips and more pips! A trade in the AUD/USD on 11/08/2011 after price panic, we found good rebounds at the end of the day. A good example of recognizing market psychology and price behavior. For more of our trades, follow me on twitter
Traders Ask: How Do I Trade a Price Spike?
Hi, During trading today I realized that my playbook is missing a play: positive price spikes when you are already in the trade. I couldn’t find a place in your book or your website where you talk about this. I’m wondering if you can offer some analysis. Attached are some one- and five-minute charts (I was trading off the five minute … Read More
Traders Ask: Did I trade this correctly?
Hi Bella If a stock fails a resistance level and you go short thinking it is a perfect Opening Drive Trade2Hold, but then 20 cents later there’s a buyer holding the bid, bid drops, then comes back, you cover, right? Can you flip from Trade2Hold to range scalping? Although, the play ends up being a perfect Trade2Hold an hour later because … Read More
Free Options Webinar: SMB’s Options Tribe: Today at 5pm EDT: Statistical edges in Option Trading
Today at 5:00 pm Eastern Daylight 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 outstanding veteran options traders and experts in the world of options trading. This … Read More
Improving Trader Performance Links
Patience is a virtue we are told but do we believe it and cultivate it whether in or outside the charts? While it is indeed healthy to separate our trading lives from our daily lives the character traits of a successful trader, such as patience, will find their origin outside the charts. A successful trading strategy can no more develop … Read More
Index Video for Nov 7-11
A sharp pullback to start last week left the indexes testing some important levels and filling some gaps, both of which proved to be technically beneficial for the market. Dip-buyers emerged to stem the losses though, erasing a fair chunk of the deficit from last Monday and Tuesday. More progress will need to be made for the bulls to regain … Read More
Hurry Find the Band Aides!
As children we all used to enjoy putting our parents’ big shoes on our little feet and trying to walk. It was an awesomefeeling until we tried to go a bit too fast. The problem was we just weren’t big enough to handle those big shoes at high speed! I guess we all have an innate desire to grow up … Read More