In the world of forex education, there is a lot of terminology that can be confusing at times. Many educators may use similar terms but have completely different meanings. For example, in the world of market profile, there is the term “value area” which represents 70% of the price action in a given profile. At SMB we also have a … Read More
What is the Best Personality Type for a Trader?
An email I recently received: Hi Mike, Thanks for your beautiful blog. I am one of your many blog followers and find it very insightful. My question is this: from your experience, what is the best Personality type (Myers-Briggs – MBTI test) for the pursuit of trading ? Is there a type that have the biggest potential for success at … Read More
Mike Bellafiore at The Trading Show Chicago, Tuesday, June 25
The Trading Show Chicago is considered North America’s leading trading event where traders, quant investors and exchanges come together to explore new advances in trading strategy, quant models, and technology. The event consists of an exhibition, seminars, and a strategic conference. This year Mike will be delivering a speech, scheduled for June 25 at 1:20 at the Downtown Marriott, called … Read More
SMB Forex and Futures Weekly Analysis 6/24
In this segment Marc Principato, CMT analyzes the S&P500 CFD, EUR/USD, GBP/USD and AUD/USD on the larger time frames to explore the possibilities for the week. For more information visit: http://bit.ly/smbhome [purehtml id=19] — Marc Principato, CMT, Risk Disclaimer *No Relevant Positions
SMB Forex and Futures Weekly Trade Review 6/21
In this segment, Marc Principato, CMT illustrates how to use the volume analysis tool to support a 2C short pattern and hold a position to its target. For more information visit: www.bit.ly/smbhome [purehtml id=18] — Marc Principato, CMT, Risk Disclaimer *No Relevant Positions
Forex Trading: Do You Have The Right Perspective?
I would say most newer traders come into the market with all kinds of preconceived notions, biases and misinformation. This comes from ingesting too much financial media and following too many self proclaimed experts. Newer traders lack confidence because of two primary factors: lack of experience and no perspective. Perhaps you need experience to gain perspective, but it is possible … Read More
Should I Use Fibonacci Levels?
Mike, I’m wondering if you can answer a question that I have given some thought for some time. Do you find Fibonacci retracement useful? Has it worked for you or SMB in the past (and beyond what could be from simply random chance)? I can’t find any studies with RELIABLE statistical analysis. Good luck tmrw! Thanks for your time. @mikebellafiore … Read More
Mastering the Bounce: How Reading the Tape Helped Me Play LULU
Dear Sir, It is great what you are doing at SMB. Caught some glimpses of it on Wall Street Warrior and some YouTube videos. Also, I have read your first book. Thank you for opening up your world to wannabe traders like us. It is an awesome treasure. I do have a question. I have been learning reading the tape … Read More