I’ve been away from blogging and Twitter for a few weeks for a number of reasons. First of all, I have been working on a new Advanced Technical Analysis program which expands our training program at SMB with tools that are applicable to all asset classes and all timeframes. I’m excited about this project as it is the distillation of … Read More
Steps to Mastery
Some more thoughts on developing skills and mastery.
The Rage to Master
Some thoughts on the process of becoming a trader
Morning thoughts 2/17/11
Good morning traders, Not a lot going on in world markets this morning. Across the board, whether equities, commodities, rates, or currencies we have very little price movement and very little new information this morning. Asia is up slightly. Japan is the standout here, touching new 52 week highs overnight and standing +1.2% at 8:45 EST. Europe is mixed to … Read More
Morning thoughts 2/16/11
Good morning traders, Word equity markets show a generally positive tone this morning. Asia is up roughly a percent (Taiwan and South Korea are down, however) and Europe is up about half a percent. S&P futures, Japan, and the UK made new 52 week highs overnight. In currencies, the GBP is weak, with big moves in GBPCAD and GBPAUD. AUD … Read More
Morning Thoughts 2/15/11
Good Morning Traders, Most markets we watch are relatively unchanged this morning. Not a lot of interesting price action in early trading anywhere. Asia is flat, with all indexes between -0.5% and +0.5%. Europe is slightly higher, with European Broad Market index at 0.4%. South Pacific stocks are also flat/mixed. In currencies, the British Pound is strong (especially against Asian … Read More
Morning Thoughts 2/14/11
Good Morning traders, World markets are mixed this morning. Asia sharply higher 1.2% to 2.7%. Europe is a little soft this morning, down an average of about 0.8% (broad European index -0.5%). We do have some decent sized moves in currencies to start the week: the Euro is weak (EURUSD EURJPY EURCAD all down) and NZD is weak. With the … Read More
Morning thoughts 2/11/11
Good morning traders, Very little has changed this morning–I could pretty much cut and paste my comments from previous days. The market is locked in a higher timeframe consolidation, and there are two key elements short term traders must keep in mind: 1) in this type of pattern low volume, choppy trading predominates and 2) breakouts from these areas tend … Read More