Recent content by steven46

Thurs-Friday Markup

Attaching another markup chart from today Friday Feb 13 There is a lot to learn from this chart. 1) We have simplified this to show only one systematic approach to trading, and that is trading the market's movement towards and away from previous Value (as seen on the left side of the chart) 2)...

How institutional traders make money I think it is true that many institutional strategies are non directional. However, none of that is helpful to Retail Traders. They don't have access to the tools, capital or education necessary to participate So one might ask the obvious question, how does...

So the comments about non-directional trading are correct. The problem is that none of that is helpful to retail traders. NONE of you have the money, access to the tools, or education necessary, to participate in those non-directional strategies. There ARE professionals who have an...

The MOC imbalance as a Trading Tool At the end of the New York Trading Session, a specific Auction Process occurs, at 3:50pm ET. This "Closing Auction" often (but not always) creates a surplus of orders, known as a MOC (Market on Close) imbalance. From this point in time until the close 10...

Not enough time to post my pre-market prep The bottom line is that prior to the NY open, an economic report was released that was initially thought to be favorable (about the US economy) however that meant that the odds of a rate cut were less, and so the market sold off early In professional...

Hello Traders As mentioned in a another thread. I am experimenting with a funded company called OneUp I purchased an account and will trade it to see how it goes. My intent is to write a series of articles about this industry. So far, no complaints about OneUp, They have been helpful and...

The previous post reminded me that I promised to post my experience with OneUp Trader I have been remiss and I apologize. The account with OneUp is not free. I paid $50 for it and am paying a monthly fee. I like them so far and will give them a fair review for any who are interested to read...

Interesting session The outline presented in the previous post shows the framework. The basis is (was) the previous New York Session MOC imbalance and the way that the market reacted, suggesting this would occur One would think that a perceptive person would see this and want to learn how to...

My analysis of Friday's chart 1. What the Chart Is Actually Showing (Structural Read) A. NY Session Structure The New York session opens with acceptance above VWAP/EMA, followed by persistent one-time framing higher. Pullbacks are shallow, overlapping, and bought, consistent with passive...

For those who did not choose to engage AND for those who did but did not stay in touch I want to post this important example of what institutions call "context" before I stop posting on this website. My mentor taught that "Context is Everything", meaning that a trader must 1) understand and...

For those who MAY wish to learn more, please note the following. I teach math, I know statistics and quantitative methods and yet I only use a small fragment of that knowledge to trade. Why? Because what is most useful to a trader is 1) basic ability to think critically (also known as "common...

Hello Traders Here on the West Coast USA, it is Friday night, and we have had another "gift" session in that it followed a cyclical pattern that we have seen so many times in the past. For those unfamiliar with the Weekly Cycle, We divide the week into a front half (Monday through Wednesday)...

Hello Traders Posting this chart showing the result so far The day was interesting in that it was different than expected The preferred scenario (Rotation lower) did not play out. Readers who followed my previous post saw the "Overnight Drift" THEN if you look at the chart you can see that...

The London Session is fast drawing to a close. We stayed up to trade what is for us, an "Overnight Drift" condition. Although the setup was not perfect, it was close enough that we were willing to accept risk in order to obtain a windfall return. In this case it was +30 pts Regarding the New...