87,87,87 – as of right now todays low is 1386.25 Earlier this week I noted that “1387-89 area is value area low but also high volume node on composite and micro-composite. The mid point of the current balance is marked as 1389.25 – it looks key for bulls to hold.” It is no longer the…

28-3-12 19:10 BST Price dbl bottom (ok a 3 tick lower low but the first one had me interested as it was 3 ticks from the open naked vpoc. Delta made a higher low at naked vpoc and near the low volume node as mentioned in levels I am watching. This should provide support –…

My chart was slightly off due to daylight savings time so I have updated the extensions – still happy about the 1417-1419 level (click charts to enlarge). Regarding balancing volume: This is not something I have been watching long, just seemed to make sense.

After the fact I notice that the 80.5 provided support. It is a micro-composite Low Volume Node – guess what has just been tested March 13 – FOMC decision and subsequent run up This goes to show the importance of homework and having a plan.

I dont really use on Fibbonaci numbers however they are close to 40-50-60% which are a sign of the health of a retracement: A characteristic of a healthy bull market is that it makes higher-highs and higher-lows. This indicates a continual upward shift in expectations and the supply/demand lines. The amount that prices retreat following…

traderslaboratory.com: The “Fear of Missing Out” drives many of the fear and impulse-based problems that traders experience in the performance of trading. But what does it look like? In what areas of trading performance does it manifest? Have you ever seen a set up that looked too good to pass up and you grabbed it…

I was reading Michael Lewis’s book “Panic” – this provides some historical context for what can happen when you are trading futures, especially when others are using the market to hedge their long portfolio.