Market Profile for CL Monthly On the Monthly market profile chart we appear to be in a long term consolidating bracket. Longer term buyers and sellers are buying the bottom of the bracket and selling the top of the bracket.
Check out the video. I just can’t say enough about DotTrader. It forces you to be patient, it forces you to wait for a retracement, it forces you to get in at the absolute best time! Of the 18 winning trades today (no losing trades) the most heat or adverse […]
Here is another example of using volume profile in your day trading to imagine based on sound principles where the market might be going. Once you have that premise or hypothesis in place, the next thing to do is monitor your day trading chart for entries that direction. This is […]
Many times in my Forex day trading account, using Forex Conquest , I will have a stop that is over 100 pips. For some, that may seem ridiculous. On one trade on the EURUSD pair in January of this year, my stop was just over 200 pips and the trade […]
This is the second day using the new DotTrader method and it was quite productive. The nice thing about this day trading method is it is just so easy to learn and follow. Of course, just about any sound method made you ticks today. Check out the results and video:
Sorry for the late post but here is my review of CL and day trading volume yesterday. I do highlight some reasons why volume should have warned that longs were weak yesterday morning and in fact in our trading room I did while the weakness was apparent in real time. […]
Today, I went back to my roots – to the very first day trading method I independently developed and used for many years in the Forex arena. Once my personal trading education increased, I started developing more day trading methods, many of which you can find on this site. I […]
If you’ve attempted any study of volume or market profile then you know the 2 most important questions you must always be asking yourself: 1. Which way is the market trying to go? 2. How good a job is it doing going that direction? The answers to these questions through […]
Exciting times ahead for day trading the CL contract – maybe as early as tomorrow! Check out the video and I’ll show you what I mean.
“Ordinary people believe only in the possible. Extraordinary people visualize not what is possible or probable, but rather what is impossible. And by visualizing the impossible, they begin to see it as possible.” Today’s video and trading results are all about visualization. As the quote above suggests – extraordinary day […]