How do I use previous support and resistance levels?

Hi Bella, I have been learning a ton from One Good Trade, The Playbook, and all the online educational content you have. Thank you! When you are analyzing a stock “in Play” and looking at previous support/resistance levels, how much weight do you give them going forward with that days trading? After all, we would be trading this stock in … Read More

S&P + EURUSD Most Interesting Levels

In this segment, Marc Principato, CMT conducts analysis on the S&P 500, EURUSD. GBPUSD and AUDUSD to identify potential trading opportunities over the next week.  How useful is this for you? Be sure to let me know. [purehtml id=30] Feedback about my book: Training: Twitter: Follow me on Trade Archive:   — Marc Principato, CMT, Risk Disclaimer *No Relevant Positions … Read More

Trading Off of Levels: How a Real Trader Works

There is this developing trader, who sends me a summary of his trading at the end of every week. I asked him to do this so I have data on whether we should hire him for the desk. He’s not quite ready but I love to see his progress. Mostly I want to see how he handles success and failure … Read More

Traders Ask: How do you find levels “you love”?

Hi Mr. Bellafiore, I read your book and have been a daily reader of the blog ever since. I especially appreciate your and Adam Grimes’s posts. I trade the e-mini (ES) but would like to trade more stocks if I can figure it out. The recent post on execution was pointed. I suspect the difference in the trader who was shaken … Read More

Measuring Your Levels

Imagination is more important than knowledge… Albert Einstein We just got out of a Tradecast where one of our traders confused himself because he valued every level equally. All levels are not created equal. Before entering a trade you should ask: where can this stock go? During our Tradecast New Trader Mike showed tape of APC where he had two … Read More