I was off the desk today travelling and visiting with family, but checked in several times to see how our traders were doing. It was an exciting day in the market. It is the type of day you typically see only a handful of times each year and as a short term trader you dream about being able to “crush it” … Read More
SMB Forex Trading Room Recap 10.23.12
In this segment, Marc Principato, CMT explains the the difference between the two kinds of patience a short term trader must have in order operate effectively. There is the patience of waiting to get in and the patience of waiting for a target. — Marc Principato, CMT Risk Disclaimer *No Relevant Positions
Three Ways to Identify a Choppy Market
Not all trading days are created equal. As much as we would like to walk into an exciting market each day, we need to look beyond our impulses and really pay attention to the subtle hints that the market offers each day in terms of what kind of day it can turn out to be. It’s important to have an … Read More
Reading the swings in the market
A look at reading the overall market during the trading day.
You Should Know Which Sectors Are Driving
Tracking strength and weakness in individual sectors can give us an edge for broad market direction.
An important trading skill: “Hey, that’s different!”
Sometimes the best pattern is simply to notice when an established pattern is broken.
Identifying the ABC Trading Pattern: A Key Trend Reversal Indicator
A simple pattern in context of a more complex trading day.