The Good, The Bad, and The Patient
The title pretty much says it all, and I’ve got all 3 as far as my current holdings go. Let’s discuss the setups, how they’ve played out up into Friday, and the plan heading into next week.
The title pretty much says it all, and I’ve got all 3 as far as my current holdings go. Let’s discuss the setups, how they’ve played out up into Friday, and the plan heading into next week.
For all of June, I have been on radio shows, TV, and more, explaining why all roads lead to higher crude. Today we saw it and the setup was not all about the fundamentals. Here’s what I saw and how you can play these setups in the future.
If there’s one thing that plagues some traders, it’s having daily time frame reward expectations but 5-minute risk tolerance. Here’s how to combat that and why. Also, a look at silver, copper, and the Russell.
If you want an easier time trading the long side in this environment, make sure you are doing this.
Although it is easy to get lost in the stock market, the truth is there are much bigger markets out there driving order flow.
One of my favorite tactics is to find a longer-term time frame that has reached a significant support or resistance level. And with that look to a shorter-term time frame that can help shed light on the trigger. The key is the market trends and the setups that come from that. Get the market trend identification wrong, and the trade can often be built on faulty login and levels.
In this video, I walk through the setups and trades using intraday confirmation on the EUR/USD, NASDAQ, Russell, as well as the copper chart that is on my radar.
There are several reasons to argue for a pullback, and it’s fair to say we’re extended. At the same time, these 2 Nasdaq stocks have excellent signals setting up and suggest that we may have not found the highs just yet. For slow or unreliable internet connections, here’s the Audio-Only MP3