$ES_F – 30 Sep 2013

Heavy sellers at the Globex Open at 1675, was resistance for Asian/European session, became support during US session. 1671.5 Globex VPOC during US pre-market, was eventual support and late day dip buyers put the squeeze on. Bounce off 50 DMA COT 09/24 Advertisements

Mark Douglas on Chart Patterns

We can use all the various tools to analyze the market’s behavior and find the patterns that represent the best edges, and from an analytical perspective, these patterns can appear to be precisely the same in every respect, both mathematically and visually. But, if the consistency of the group of traders who are creating the pattern “now” is…

Analysis paralysis

Over thinking, over analyzing separates the body from the mind. Withering my intuition, missing opportunities and I must Feed my will to feel my moment drawing way outside the lines. wikipedia: Analysis paralysis or paralysis of analysis is the state of over-analyzing (or over-thinking) a situation so that a decision or action is never taken,…

Thought of the Day…

I knew this was PTD the second I read the first line. I watched “Trader” again last weekend (available on TPB) – I also read the interview in Market Wizards. 50 on Markets “Don’t be a hero.  Don’t have an ego.  Always question yourself and your ability.  Don’t ever feel that you are very good. …