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Day Trading Strategy: Catching Explosive Moves in the ES
Day trading can be an exceedingly fast and nerve-racking endeavor. It’s easy to miss a relatively big move if you’re not paying attention. And the pace gets even faster the smaller your time frame gets (e.g. tick, one-minute, or even
Black Wednesday, September 16, 1992: Soros Reaps $1 Billion Shorting the Pound
It’s well known that billionaire investor and philanthropist George Soros has been a favorite scapegoat among right-wing conspiracy theorists for quite some time. He and his Open Society Foundation have been accused of many alleged left-wing “conspiratorial” acts. Whether you
Devise a Top-Down Trading Plan
How a Bottom-Up Approach Can Introduce More Risk Into Your Trading Let’s suppose that you just learned a new trading strategy. The back-tested results seem acceptable, so you decide to try it out on a trading demo. Overall, your “simulated”
The Brent-WTI Crude Spread: A Viable Trading Opportunity?
Crude oil presents trading opportunities that are often fundamentally driven. And in the US, many retail traders prefer trading the West Texas Intermediate (WTI) crude oil futures contract (ticker: CL) not only because it is liquid, but because it’s a
Identifying and Trading Breakaway Gaps
Trading a breakout from price range or consolidation is a common tactic. The risk, of course, is that the breakout may turn out to be false. So, we look at volume and follow-through to confirm the likelihood that price will
The 2008 Financial Crisis
Downturn!…Whiplash!…Bust Up!…Evictions!….Bankruptcy!….Homes Abandoned!…. ”Crisis“ dominated the headlines in 2008. Many economists consider the financial crisis of 2008 to be the worst since the Great Depression. There was a reckoning with lax financial regulation and institutional greed; all of which resulted,
How A Simple Trend Principle Might Have Helped Identify Crude Oil Trade Setups
Smaller time frames tend to magnify a market’s volatility. If there is something that day traders and swing traders know all too well, it’s that the markets can be very noisy. This is particularly the case when it comes to
How Classic Price Action Might Have Prevented You From Taking Big Losses in the DJIA
A Volatile and Confusing Market This year’s market volatility has been explosive. Prior to the February plunge, the nine-year stock market bull was moving upward in a relatively steady manner. Despite the uncertainties following this initial plunge, there were (and
The Death of the Pit Trader
When Trading Was Grueling, Gritty, and “Real” There was a time when trading could have been likened to a contact sport. All trades, equities and commodities, took place between people within a small and tightly packed space: a trading pit.