A lot of people have been asking me about trading these levels on other markets from the very beginning of this blog, and while the emails pile in and I continuously see great traders sending me ideas...
Feb 02, 2010
2 Comments
Consolidation is the result of indecision and lack of conviction of the consensus of traders across the globe. Cyclical patterns develop, which at one point or another, get busted.
I though I would w...
Feb 01, 2010
7 Comments
Cable : lower than expected GDP number yesterday caused the pound to spike lower. Pushes higher on the currency caused it to revisit the consolidation area ahead of the spike seen below.
The original...
Jan 26, 2010
No Comments
On Friday (January 22), the Wall Street Journal released an article in which they interviewed the newly appointed head of the Swiss National Bank, Philipp Hildebrand. Through the haze and fog, one st...
Jan 24, 2010
No Comments
Last week, we were discussing the best times to use double zeros.
I argued: Not when price is making recent new highs and new lows, but rather, when price has been ‘sloshing around’ the ze...
Jun 22, 2009
6 Comments
Another pattern we heavily monitor, serving as an intraday price turning point. These can be very reliable if used properly and can be seen on everything from daily down to 1 min charts.
The easiest w...
Jun 10, 2009
8 Comments
A trend-continuation pattern that I honestly adore. These are best viewed on smaller timeframes, usually 5 minute, where price will tap an area several times before finally thrusting through it. Its...
Jun 03, 2009
3 Comments
Following a spike, price will consolidate towards the highs. These work best when visible on 1hr timeframes. When price retreats back down (or up), the bottom of the consolidation zone acts as suppor...
Jun 03, 2009
5 Comments
Our strategy as all about waiting until you see that perfect, most obvious sign staring you in the face to take action. Today I want to do a little post trade analysis to talk about a setup that happe...
May 14, 2009
4 Comments
Major points:
Different market environments call for different ‘types’ of trades. Keep a folder on you computer with screenshots, marked up with key areas and notes of what you did right/w...
Apr 03, 2009
19 Comments
Today we had one of the largest ranges ever on the S&P index, and its affect on EUR/USD was an initial selloff, followed by a huge spike in price. For this trade, we took a short at the high of th...
Nov 14, 2008
24 Comments
There are 2 big levels here:
1.2655 (bottom of 1hr bucket)1.2640 (intersection of diagonal trendline)
I went long at 1.2656 just in case 1.2640 didnt get hit. Because they were so close together, only...
Nov 06, 2008
13 Comments
Oct 30, 2008
10 Comments
Reading is one thing, but pictures are worth 10x what I write sometimes. At the expense of sounding like a cheap advertiser, there are literally tens of thousands of pips in these examples alone, comp...
Oct 20, 2008
12 Comments
Article about bucket patterns here: http://nobrainertrades.blogspot.com/2008/10/bottom-of-bucket.html
There’s a small delay in this video here between voice and video just so you’re aware....
Oct 15, 2008
2 Comments
10230 views
7050 views
5786 views
4539 views
4258 views
3735 views
3722 views
