Mind Management

Trading part time has thrown up a new set of challenges like missing moves and then forcing trades when I am in a position to trade. Steve Peters “The Chimp Paradox” book is ok and has some useful parts, for example: Suggested exercise: The ‘NEAT’ exercise • Normal • Expected • Accepted • Taken care…

$ES_F, $GC_F, $6E_F, Bund charts

ES: closed at 1773 on the night before FOMC. Big news tomorrow. If there is no taper then level above on daily charts is 1798/1804 (old vpoc areas). Taper tantrum = lower to 1753/60. Price dropped there this week (overnight). Previous balance area. December 4: 2013 Price probing down. A test of 1765 area may…

Levels 13/Dec/13 DAX/ES

Observations ES still struggling with Gap and VPOC from Wed down day: Did not re-test lower balance (1760/65) on continuation down day yesterday and all 10 handle pullbacks were bought. DAX low volume today – had above avg yesterday. It still seems like traders are grabbing small profits when they present themselves and consequently price…

What Moves the Bond Market?

Price probing down. A test of 1765 area may be on the cards. Reaction off the lows was pretty strong today. I didn’t trade much today (had a small position which I closed at the start of the European session). It looked pretty wild and I turned my pc on just after the lows of…

$ES weekly range, $GC_F

Its tough to be calling tops when 5 of the last 7 months were up. November was however the first month in a while where the [monthly low + 6 mth avg range] was not reached. This is 1835/40 and a bit of a warning sign to me that it was not reached (shown in…