First of all I want to wish you all the best from my family to yours in the coming new year. I do sincerely hope that all your wishes and hard work pay off in 2018. Try to live in the moment and try not to set too many goals this year where you wil…
There are a lot of day trading rooms aren't there? Thousands to be exact. Most are nothing more than a way to get YOU to part with your hard earned money. I really don't know the percentage that are good or bad. However statistics st…
I read so much these days on people telling people how to make money. I think that is both good and bad.
Like I said before what works for someone may be sheer poison for someone else. Sort of like trading. No two people will get the same res…
This is a hotly debated topic. There are gobs of guru's out there that all have the key to happiness and wealth. You know, the run, run, run, type that tell you to fill every waking moment with some sort of productivity.
Maybe it is settin…
I have long been of the notion that there is really not that much value in trade rooms. In truth some of the best ones are free. You have to find them but the reality is that my experience in trading has shown me that free trading is really the bes…
I can't speak for the rest of the world although all the things I mention here are certainly similar around the world at the moment. In Canada inflation has been unleashed in many different formats. It is going to be similar in the US in the no…
With the indexes making new highs almost daily what is it that I saw that led me to think that we may be getting ready for a larger correction. I mean after all when you are clearly going against a VERY powerful uptrend there has to be some logic w…
I have long said that day trading is nothing more than a game of cat and mouse. It is NOT random. Never has been and never will be as long as profits are the bottom line of traders and liquidity providers. I mean why else would you trade. The idea …
Some people charge a small fortune for giving advanced volume areas you need to watch. Well I just gave them to you free. Just look at the chart below and if you are a day trader or swing trader these are the most likely areas to watch. With CL (oi…
I usually reserve this for the later part of 2017 around new years but I think now is as good a time as any to give you a short peek at what I think is going to happen during the year. Keep in mind that you are looking at weekly charts. This could …
This is the time of year where every pundit out there crows about his/her remarkable track record and how if you had followed them you would have become extremely wealthy. You hear it almost every day don't you. The reality is everyone's re…
The very first question that is asked in most cases is, "is there an everything bubble"?
My quick answer is "No".
In light of all the central bank printing one would easily conclude that I am full of it and simply skip thr…
The cartel that controls this casino usually tip their hand if you know what to look for. Most people simply look at the daily volume areas and try to extrapolate what price is likely to do. Obviously if enough traders see something which is the pr…
I think volume trading is one of the most misunderstood areas of trading. Like any support and resistance it is NOT what it seems. I have long said that volume is an area not a line in the sand. It never has been and never will be. There area a lot…
I thought at the time when Bitcoin was trading at around 1800 a coin that it was overvalued but yet may still go to 3500. Not only did it go to 3500 but it went to 4500, then to 5000, then to 6500, then to 8500 and lastly it hit 11000. Then it has …
With all the death, destruction and instability in the world at the moment it is a wonder that the average man can even see his own shadow any more. I don't think that he is thinking of making his life much better any more but rather he/she is …
Well as the holiday season nears we won't see anything spectacular in the markets. The Stock indexes will continue their small gyrations devoid of any volatility while perhaps moving slightly higher. The bears are going to have to wait until th…
I think everyone is looking for the quickest and most profitable way to build wealth. I am going to attempt to help you out this way for FREE rather than create some email list where I can be a self help coach. I will do this but YOU are the one th…
Alright this one is a topic where everyone wants to know the next Dell or Bitcoin. The easy answer is you can't really know. The only way you can know is if the industry is in its very early stages and there is a chance for it to capture a larg…
You can see below that I took a couple of nice trades in the market today. I made a relatively quick 40-50 ticks and called it a day. The idea behind the trades was seeing a range bound market and waiting for the likely stop hunt areas to appear. T…
Ok price is now at the area that will likely hold it for quite some time. It did before and there is no reason to believe that it won't again. Don''t expect a fast move down but this is the area that you want to see clearly as a short a…
Well if you paid attention to my Dollar long scenario these past two to three weeks you finally got rewarded nicely this week. Don't think that this is an all of a sudden change in policy that reversed the markets as this was baked into price a…
I think that this question is one that bears some exploration as it seems the bears are out in full force these days expecting that all hell will break loose at some point in the next year or two and in some cases starting right now. They may have …
