Do You Micromanage Your Trade?

Here’s why you should, and how to manage winners with a “guidance trade” approach. This is one of my real needle-mover techniques which you can use right away!

Patience & Pullbacks

Even when I am watching price action move in a direction that is not follow-through, I am still looking at opportunities to enter trades. Even when I am playing defense, it’s really offense. New entries in the euro, pound sterling, AAPL, intraday Nasdaq, and crude oil.

A Sharp Divergence

The Nasdaq led the way lower on Monday while the S&P held immediate support and the Russell made a new high. Clearly we have some divergences in this market, and looking at the best sectors to participate in now will make all the difference into October expiration.

Maintaining the Big Picture

The past few trading sessions have been volatile and both sides have seen their fair share of squeezing. What’s the big picture here, and how we can start getting prepared for the next run of earnings? Let’s review in tonight’s video newsletter.

New Entries and Expectations

Keeping to the spreadsheet and the trading plan, here’s what I am looking for in our post-FOMC entries and what the GRaB, Wave, and Propulsion indicators are telling us. The Spreadsheet of Trades The tabs at the bottom of the spreadsheet will allow you to see the Futures and Forex setups.   [iframe src=”https://docs.google.com/spreadsheets/d/1LRwtubz9DneCaSqqLZ6s7mXR9v6zvU7N1wzrOJk_rQ4/pubhtml?widget=true&headers=false”]  

New Entries & Managing Expectations

Today was textbook when it comes to the power of hourly and daily price movement ranges. They allowed us to “park and modify” and trade a “surprisingly” volatile day with ease. Here’s how and what. The Spreadsheet of Trades The tabs at the bottom of the spreadsheet will allow you to see the Futures and … Read more