ES / DAX big picture 03/11/14

After moves like last week all you can do is sit back and look at the bigger picture: DAX is still underperforming and is retreating slightly from the highs today. It seems it cannot go up under its own steam and needs help from indices in other timezones. Daily timeframe: Fridays VPOC exactly at the…

The Wisdom of Jesse Livermore

Originally posted on atoast2trading:
From How to Trade In Stocks – By Jesse Livermore: Spikes and One-day Reversals: Livermore was very wary of any aberration in the price or volume of a stock that he was tracking. Sometimes, the price would spike, accompanied by abnormally heavy volume of at least a 50 percent increase…

Books – Nov 1st 2014

“The Art & Science of Technical Analysis: Market Structure, Price Action & Trading Strategies” I love the title and it turns out to be a no nonsense type of book. You would think there would be more books about the psychology and the practical implications of price at support and resistance but there are not.…