As many of you know, I have been watching FCX as a market tell for some time now. Its’ chart is permanently on my screens as it has been an increasingly important market leader in the past few weeks. Going into today’s session I was watching FCX 96 and SPY 117.60 as my lines in the sand for the market. … Read More
Traders Ask: Multiple Tests of Support?
Adam answers a reader’s question about buying at support.
The Money Trade
This is the setup that has offered the highest win rate intraday since the beginning of October and the greatest risk/reward ratio. It is the setup that I chose to write about in a very cool trading book that will be released in 2011 and I discussed it last week in Vegas during our tape reading/intraday swing lecture. The Criteria: … Read More
Volatility Clustering: Unveiling the Non-Random Nature of Markets
Volatility can be more predictable than the behavior of actual prices.
A simple setup
Selling a retest of broken support can be a great setup.
Reading the swings in the market
A look at reading the overall market during the trading day.
Paying Attention+Communication=$$
We have written many times about the importance of reviewing charts each night for a variety of reasons. One such reason is to spot patterns that seem to be most prevalent during a particular market period. Since earnings season began a few weeks ago I was noticing that quite a few stocks that were trending down in the morning were … Read More
A Little Thing That Has Made a Big Difference
A simple change that has greatly improved my profitability in trading trends.