Technical Analysis
I just had an amazing day. I took a measly $25k account at Take Profit Trader from zero to almost $3k in a single day trading just 3 micros at a time. I mean, each time a reversal happened it respected the trend line – again and again and again. It was intoxicating to add […]
Greed will get you! Read More »
I have been thinking about my trading. Trying to understand why I stay in trades when I think or fear the trade is going to go against me. I know I’m not alone. I’m in a trade. It is progressing nicely, but there’s a nagging feeling in the back of my head that the bottoms
Proper mindset when trading futures Read More »
I had a shower thought… It seems trading the NQ is like walking through a minefield. I mean, a bull trend is moving nicely and then, BOOM, the bottom falls out and we drop 30 – 50 – 100 points in a minute. Why does this happen? Well, in normal markets, there are market makers
Falling off a cliff Read More »
I really need to get my head back in the game. I tried to learn the ICT concepts that are all over YouTube. The concept of Order Blocks and Fair Value Gaps really make a lot of sense. But, when it comes down to it, there’s a lot of ambiguity! The bottom line is I’ve
I had a shower thought this morning… When I’m in a losing trade, I tend to hold on to that trade with the hope that it’ll come back. I guess that makes me normal, but what is the real story? The epiphany is holding on or not is we’re not talking about what is already
Need to forget order status Read More »
After reviewing my losses over the last couple of weeks, I’ve realized my worst days are bear days. That is, I suck at trading when the market drops! I guess I’m an optimist at heart – but that is not good when trading! So… I’ve decided to create an account that ONLY trades in the
I came across this price action pattern today that I’ve seen before. I thought it may be worth documenting for the future. I have noticed that there are times when a strong bullish trend is presented when there is a smaller slow down candle. Then, shortly thereafter, a relatively stronger bullish candle. There have been
Price Action Setup Example Read More »
Introduction The Consumer Price Index (CPI) is a crucial economic indicator that measures the average change over time in the prices paid by urban consumers for a market basket of consumer goods and services. This index is not only a marker of inflation but also a tool heavily monitored by investors, especially those involved in
Effects of Consumer Price Index (CPI) on Futures Trading Read More »
Got a late start this morning, so I decided to take a breath and watch a trading video or two. I recently came across the Peachy Investor channel and I have to say this lady gets it! I know, I know, there’s a lot of “experts” on YouTube. But, what I like about her is
Setting up the day Read More »
Day trading can be both exhilarating and challenging, requiring quick decisions and a solid understanding of market movements. One of the keys to successful day trading is the effective use of technical indicators. Technical indicators are mathematical calculations based on the price, volume, or open interest of a security or contract. By providing traders with
Best Technical Indicators for Day Trading Read More »
