It’s time for the Futures Desk Trade of The Day! The trade was in crude oil futures. Speaking of which, many think that this is a “wild west” market, and it’s truly not. It’s a great market with solid liquidity and often great momentum. Key variables for the trade: Failed attempt at breakout outside the prior day’s range Failed attempt … Read More
Perception and Trading
Laurel or Yanny? There are a few viral videos going around in which different people perceive different words despite listening to the same audio clip. This one is particularly impressive to me: You can hear EITHER one, simply by telling yourself that is what you’re about to hear. Kind of bizarre given the cadence and different syllables of the two … Read More
SMB Futures TOTD – 5/17/18
It’s time for the Futures Desk Trade of The Day! Here’s a link to yesterday’s trade as well. This trade combines a classic “spring” pattern, with the use of vwap, and time of day factors. Key variables: ES in an uptrend defined by method Pullbacks mid-day during slow trade can be more complex (multiple legs) Watch for pull back into … Read More
SMB Futures TOTD – 5/16/18
It’s time for the Futures Desk Trade of The Day! Here’s a link to yesterday’s trade as well. Today we have a trade that achieved 6 to 1 R/R – This is something that is doable on a pretty consistent basis for many traders. (Many retail traders at home think that this type of R/R is near impossible.) The trade … Read More
Revealing the Formula for Becoming a 7-Figure Trader (Chat with Traders Podcast)
Here is a link to my recent Chat with Traders podcast with Aaron Fifield. Aaron gives our follow up chat together the title: The formula for how to become a 7-figure trader. @Maoxian does a solid job providing notes of the podcast here. I love the @DGillies tweet after his listen: That podcast gave me hope. My expectations are now … Read More