Chop Chop

Market is pretty range bound this morning with a slight bullish bias. Time to hold back a bit till there’s a clear direction.
Rita is approaching fast, take care you Texans..

Button

Don’t press the Big Red Button.

Post Fed Action

So the Fed rasied their rates and everything turned red (or black for those shorts). So what’s next? Some analysis shows a a rebound is likely over the next few days following the ‘bearish’ announcement. Today obviously wasn’t very in line with said analysis and prediction.

Lots of trades today

I’ve taken quite a number of trades today. It is definitely more challenging to follow a large number of candidates and positions but at the end of the day it smoothes out your daily and weekly equity curves. Assuming your system has somewhere between 40% and 60% win ratio then if you take one trade […]

Trade-Ideas: In Your Town

The nice guys at Trade-Ideas are going on tour. A good opportunity for people to discuss their questions and configs. A scanner of some sort is essential to trading so if you aren’t satisfied with free ones or what you’re using right now then Trade-Ideas is definitely worth trying out.

Google insiders say..

Sell!

Bid / Ask Volume Analysis and Tape Reading

While browsing through QCharts features and indicators I came across an interesting measure which calculates the ratio between the Volume at Ask and Volume at Bid. The premise is based on tape reading technique in which the health of the trend can be measured by looking at the strength (volume) of the traders sitting on […]

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