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
Divining Inflection Points– $SPY
From January to May 22nd I probably traded the SPY less then ten times in total. Today marked the fourth consecutive day I traded the market via the SPY. I trade whatever is In Play. And right now the market is In Play. The most useful price level in the past three trading days has been 157.50. Useful in that it … 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
Revisiting #NewNormal and $SPX 1680
Now is a good time to look back at the #NewNormal and discuss possible trading patterns for US equities for the remainder of 2013. The #NewNormal was a description I came up with in late 2012 to describe the slow steady grind higher in US equities that was rarely interrupted by periods of higher volatility. This state of the market … 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
Finding The Bounce– $SPY
On Thursday June 20th I wrote “Looking For The Bounce” where I discussed a long SPY trade that never materialized so I exited for a loss. Yesterday, the market setup for another bounce attempt and I took it. Many short term trading setups trigger after three trading days. After the market’s large sell offs on Wednesday and Thursday many short … Read More
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