Short the Short Term Gold Move
While I am a longer-term gold bull, the move higher off the bottom of the Distribution market range could set up a (very) short term setup to the downside, but only if I see a specific setup.
Archives: Daily Videos
Up or Down, a trend is a trend.
Up or Down, trends offer traders clarity. It’s the emotion and fear around downtrends that often paralyzes traders, but a trend is a trend and we are not lacking for opportunity.
Caution Days and Acting Early
Two things have made the difference when trading the ES and NQ during the morning sessions: Fading extreme levels in the VScore and trading early. The morning fades taken in the direction of yen flow continues to deliver, however, today was a perfect example of why we stay nimble and why quadruple witching can behave unpredictably.
News, Resources, and Initial Balance VWAP Entries
The bombardment of news continues to effect sentiment and momentum; today was no exception. How do we keep up with the news cycle? I share two of my favorite (free) resources. Even with an Initial Balance breach, the VWAP entry should have confirmation. I explain how and why to do that in this video.
These Are a Few of My Favorite Spreads
If you enjoy trading butterflies there’s a few ways you can set them up so that they’re especially forgiving in this high volatility environment. We’ll recap two we traded this week and setup a third that should work well over the next 30 days.
Live From Quarantine — Day 7
As the world continues to come to terms with the impact of COVID-19, traders are finding solace in the wealth of opportunity the market presents. Let’s open tonight’s review with some live trading in TSLA and SPY, recap the remainder of this week’s portfolio, and lay out the plan for next week.
Tips For Trading This Market? Watch For This Pattern.
If you aren’t aware of this, it can rip your face off.