A Short Study of Volume Here is a short study of volume in this morning’s S&P futures (ES, e-Mini). We are using the Weis Wave, which aggregates wave volume, and the 3,000 Tick chart, which shows overnight waves well. A: Supply into yesterday’s low, no question about it. B: We break yesterday’s low and selling isn’t strong. Hmmmm …. C: A push down, but all … [Read more...]
Anatomy of a Day Trade
Anatomy of a Day Trade Here is a trade taken this morning (Friday, June 15th). We’ll see how this set up, was traded and it’s outcome. Last night in my weekly Deep Practice program, I cautioned members that the weekly chart was looking weak. The narrow range of the past four days didn’t inspire bullish confidence. We discussed the weekly and noted that were the … [Read more...]
Scratch Trade
Scratch Trade Do you scratch trades? By scratching, I don’t mean rubbing your trade aggressively. It’s taking the trade off when things are working out. Usually, we exit the trade in a scratch at or very close to entry. No gain, no loss – a scratch trade. Here’s a good example of a scratch trade from this morning's trading: Example of a Scratch Trade I came into … [Read more...]
