Archive for August, 2011

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Another Spot On Market Call

Tuesday, August 30th, 2011

Still on vacation till after labor day, but will post a larger chart of the days turns. At the bottom of the post, I will put up yesterdays market turns, again, this is a larger trade structure than I trade, but it can be traded by those members who choose to.

Another spot on market call;  Last Monday, 8-22-11, in my blog posting, I called for the market to hold in the current area, and rally. At the time, the close was S&P 1123. A confirmation to the first target will be triggered when 1140 is broken and it hit that next morning. I said that we would soon see 1220 on the S&P with that rally and today, towards the end of the day, we hit the target 1220.10.  Then we saw an immediate price rejection of the target and prices reversed immediately in the last few minutes of the day.

Calling the daily market is no different than calling the hourly, 5 minute, or any size tick or range chart. It is all the same as the stock market is fractal in nature in relationship to different sized charts. The moves are proportionate to your risk at each level. In addition, less trades are generated when you increase your time frame.

I don’t trade the larger time frames, but I always look at them even if I am just scalping for points. It is a lot less work as you increase you time horizon as well.  Many traders search for what is there dominant time frame, short term, intermediate, long term. Each of these are and can be different for every trader, but I feel you should trade in line with your dominant trading personalilty.

As you do, you will not be fighting the process with either over-trading or under-trading, as that will be apart of your trading strategy. You only have to stick to your plan and excel in what you do.

When trading, you have to create a frame work to work from. Market structure is built and price is and can be projected through three elements, time, space and energy.

I have written about this before, but it might be worth repeating. It all boils down to understanding and building that frame work or market structure. The three elements mentioned above are all apart of that frame work and that is what gives you the edge.

The elements when understood, in conjunction with each other, can show you exactly where price will go in many instances and a likely time for its arrival as well. This can be done with small tick charts while targeting 2 points on the S&P and or a higher time frame view for 10 points or more. You will always have to invest more time for the larger moves and your exposure is increased, for the shear fact that you are in the market, but that may be a traders style, to trade less and shoot for that higher profit/loss ratio.

I have trained myself to trade for short targets usually in the 1-5 point target range and that will depend on market volitility. I always trade at a minimum of a one to one trade ratio and have a daily stop out point so that I will never get a blow out day where losses are off the charts.  I like to get a daily target that is close to what my daily stop out point will be for any one trading session.

This is like having a 1 to 1 profit/loss ratio as it relates to the trading session. Having a loosing day of 3-4 S&P points will be overcome by just one normal regular session of gains that is equal to that. So, if you take a loss for the session, the next session puts you right back at where you were before the loss and you don’t look back.

I do look for on occasion those days where price action is telling me to take the easy and obvious trades for much bigger gains and point values. There, on those days, I can come away with 3 times an average daily goal, but I never really go looking for those days. They just come to me and I go with it.

It is a good idea to not trade for more than two hours at one time. Traders don’t really realize this, but there brain will begin to slow down, and the high level of concentration necessary to capitalize will get lost. There, is where traders get into trouble. Trying to come back when they are not at peak concentration levels. Mix in a little emotion and you have a receipit for disaster.

This is the area, traders fail to hold it together. Many don’t really understand why they put on the trades that they do, as when in this distructive mode, only until after the dust settles and they look on in horror.

How do you stop that from happening in the first place? That is a question I would bet thousands of traders would like to know the answer for. I will only give you a very basic answer to this at first and may continue it in my next post, but much of that behavior and losses, could be eliminated by only trading for smaller blocks of time.

If you are a position trader still within the course of the day, then you need to wait hours at times, for your one or two trades a day. There is not a lot you can do, since your trading opportunities don’t come often, but in the case of much smaller time traders, you need to zero in all your energy into a small block of time and get your points there. When you stay to long, out of greed, or any other reason, you are often times asking for it.

Traders will never understand every twist and turn of the market, but we need to weed out that which we do understand and capitalize on that and just leave the rest. Always trade the easy and obvious is a motto I say all the time, that will serve us all well as we trade our way through the markets.

Good Trading to all, Vince.            Monday’s larger picture view below!

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Huge Market Reversal after Bernanki Postpones

Saturday, August 27th, 2011

In Friday’s market we saw a huge market reversal that was orderly and structured. The market traded with purpose and conviction with huge trends that were very trade-able.

In a daily picture view, the market is marking time for a possible continuation move to the upside, but we could consolidate here for a spell. It would not be uncommon for price to hang out a little longer before a break of the last highs are made, but would have to leave open the possibility for the market to break to the down-side too.

It is possible and I have to see it that way. I won’t marry the trade, but leave this open as price attempts to continue its assent to higher prices.

I have a larger tick chart than normal, that is squeezed together, showing the trading signals generated or that one could have traded. This is a higher time frame, so you will get fewer signals but they will be much larger.   You would only need to catch one move out of the many in the session to make big money.

With this model, a target of 2 points initially, than moving to trail you position would have served you well. Trading multiple contract you can do that, and lower your risk as your maximum stop on this trading model would be 2 points. When you see a choppy market, this can easily give you a one to one ratio in a 2 point target with 2 point stop. You can go back over the last long term chart I posted and see how that would have served you.

The interesting thing is the trading method is not the trading indicators and really does not have anything to do with the method per say in only that the exact same signals at the exact same area are identical. Don’t get me wrong, we use the indicators to confirm in what is present for all different reason, but again, still consistent with the method overall. It is amazing to say the least.

It sure is nice to look at. Going back, the data really always looks the same. The moves are just not as big as they are now, because of the increased volatility in the market.

I just did a video for my members where I took this chart back for 10 days and marked up the all the past data with trade-able turning points that would be consistent with the method and did it in a 5 minute video, then went back and inditified with a verticle line all the entries and they were amazingly consistent with the custom indicator I show. I was not looking at the indicator to get the indicator turning point, but the price and its structure. That was a cool exercise because I had not looked at the past data before I did the video and was able to fly through 10 days of data turning points and telling why on many as I zoom through.

Being objective is what is always necessary to be able to trade this way. If you have strong opinions you wont’ see the turns. That is one aspect of the mental side of trading.

Traders face constant challenges while trying to out flank the markets. You need to end up profitable at the end of the day, with being right only an after thought of no consequence.

In a study by psychologist, they conclude that humans when fixing on an idea, we see what we want to see.

If we create mental maps and we have conviction to that map, we will blind ourselves from the reality that exits before us. We tend to overvalue those things that we own. Once we own a market opinion we tend to over value it.

We only see what we expect to see and are then blind to reality. A closed mind will cause you to miss data and not look at it objectively.

The professional trader has the conviction and boldness to act and the humility to accept that there may be more they don’t see at that time.

When looking at the market, an empty mind can do wonders for your bottom line.

All that to say, that a trader can trade at those market turns I have marked in this post and all the other ones if you are trained. The mental training goes with this along with ongoing training through out the week.

I have seen many trader excel and find there way through this trading method to be left with a hope, confidence and an increasing bottom line. It is all up to the individual and there determination to learn. It is all there for the taking, you need to have the passion and desire to go with it to keep on going even if get hard.

That is why and where mental training with a great trading method is key for success. You need the ability to follow through and not let your emotions over-ride your judgment.

That is why we never marry a position, but let the market tell us what it wants to do.

A simple approach is like I mentioned to approach this with a 2 point target and 2 point stop. You would have done well, and with a little more skill, the ability to discern when to ride up a portion or all of the move to higher prices. That does take a little more time, but it is within the method to learn when and on which trades to go for more.

OK, that’s it today, I will be back trading after labor day and will continue my posting of trades then. Enjoy, the rest of your Summer, it is going fast.  Vince

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New Market Call

Wednesday, August 24th, 2011

We are in a new market call I mentioned in my Monday post. I said that if we get above 1140 that we were going to see a good follow through in the coming days for prices to get up into as high as 1220 to 1250 area.

Currently on Monday we were at 1123 on the close and we now stand at 1175 or so at today’s close. So, in two days we moved up more than 50 S&P points which is about 500 Dow points on average.

The market could have tanked on Tuesday, but I thought the path for at least the short term was going to go the other way and said that. Over a week ago, I called the market top and the drop to a tie and explained it all to members in the daily training I send out. I said then that the market was likely to hold in the 1120 area and we would see a large bounce up with follow through for some huge gains to the upside.

So far so good and the rally continues. One thing I will point out right now is, the market sentiment took a big change. From yesterdays poll in “investors Intelligence” market survey, the bears jumped over 10 percent. They were only 23 % of the Professional Market News Letter Writers that were bearish a very small number and that jumped up over 10% to 33%.  That number had been stuck there for a long time and to see movement finally, is significant. In addition, the bullish camp dropped from a neutral area 46% down to 40%. This was coming off a 300 point rally in the Dow of which they must think it is a sucker rally and has no legs.  There weekly poll is on the close of every Tuesday. The closer it gets to 35%, will represent a full on buy signal in most cases.

We are not there yet, but maybe we are not going to see an extreme. Maybe  its just enough to get the bears to bit and get caught on a large snap back rally. That may be the case and so we will see.

I am on vacation right now, but still taking emails and answering questions. Don’t hesitate to make contact if interested and if not, I will be back into the full swing of things after Labor Day.

I have a screen shot of the full day below with a larger time frame and catching the larger swings as this model is set up for.  The method will give any member trader the same entries apart from the indicators all together, but they do a nice job of confirming the moves.

Trade well and committed, Vince

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Last Market Call, Perfect !

Monday, August 22nd, 2011

Today’s market, Monday 8-22-11, we saw a large gap higher to start off the session with a steady fall into the close, with a few bounces along the way. The market is weak and currently just marking some time before its next move. We could hold onto this territory and try and mount a rally back up later in the week, but caution is in order.

I hear that Bernanke will announce the next phase of QE3 before Friday this week. If that is true, you can expect the market to at least bounce pretty good. We could see a retracement back up to 1221 to 1250 area if we can get over the 1140 area on a closing basis. Currently we are at 1123 and not to far off that trigger point.

I would look to around Thursday for things to get heated up one way or another. The market can drop, as it has a clear path down do so, but I tenatively think that we will see the bounce back up first, drawing in many of the so called value players. In any case, one move at a time, so we will see.

My last post on Wednesday, last week called for a large drop of 40-50 S&P points plus and we got that right on time. We did also see the plus + as well, making that run from S&P 1190 to S&P 1131 at the low within the first 35 minutes of the open. I had covered 2/3rds of my position into the night session with the third part being closed into the first hour like I said I would do in Wednesday nights post, it was a huge day.

I did not post on Friday, but will do it now. Friday I did have a very good day with twelve points on the S&P in that last session. Between this day and Thursdays gains, I pretty much have all my average daily gains for the next two weeks. So, I will not be loosing out on a thing while being off and not having to trade, amazing.

I will be on vacation until after Labor Day.  I will still be blogging but on a limited basis and still tending to members needs, so just letting you all know.  If anyone is interested to start as a member, you can still do that, as I have all materials for instant download now, so there will be no delay or problem getting you started while I am traveling.

I will still post a screen shot of the first part of the day with the turning points marked, so stay tuned if you care to see where those trigger points are, but no live trading until after Labor Day.

Wishing you all the best, Vince

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Thursday’s August 17th Market Drop Coming

Wednesday, August 17th, 2011

Well, as the title of today’s blog suggests, I see a down day for Thursday’s market with a pretty good size drop coming.  I could be wrong, but so far so good.  I came into today’s market late with a small loss to start my day followed up with a second trade just before the close. I covered a piece of it at +3.25 points, more at +6 points and have one more for which I will try and cover around the 1175 area or lower on tomorrows open.

Currently, we are at 1183.25 in the S&P emini’s and I have +8 points into the last contract. I can see that 1175 area or lower coming into play within the first hour of the tomorrows day session and will try and hold out for that price. We will likely see much lower prices for the whole session as I am looking for the market to retrace, to as mentioned in yesterdays post, 1150 to 1140 area at least. There is a chance that it just keeps on going, but I will say that it should find some support around that area for a larger counter trend rally back up over today’s highs and then some. First things first on this move and so we will see.

I will post my days trades with the previous possible trades as per my custom trade indicator. I could not fit the day in with the smaller size chart like I usually show, so brought up the next larger chart for you to see the whole day with the signals as marked.

The trade indicators are not the method by any means, but they are consistent with it. That is so true and I have said it many times before, but it bears repeating. The trading method would give you the exact same signals in most cases with some trades stronger than others.

The trade method will screen the stronger trades and so we can be selective with the trades as I have them marked here in the screen shot below. You don’t need to hit all these marked trades, just one or two would do you very well. To trade all day, leaves yourself open for mistakes and fatigue can easily set in causing unwanted losses.

This chart is consistent with the smaller chart I show and the signals are exactly the same, but you get this bigger picture view. The smaller chart lets you ZOOM IN  for a more detail view, but as mentioned, the indicator signals are the same. This is consistent with what I call my T-2 trade screen. This catches the “Turning points” as I call them and continuation trades. Those are marked with small arrows as per the indicator and are a very good timing tool to re-enter the market as the move progresses down or up, depending on the direction of the market.

It is always a good idea to leave your mind open as to what the market wants to do, but when looking at higher time frame charts, you can see things that the smaller charts are not exactly showing you. To see the larger move coming I was talking about above, I moved to the next larger time frame in the method (not shown) and it was flashing lower prices. You always have to take it one step at a time and not get ahead of yourself, but a trader can trade these larger time frames for a lot less trades and substantially higher returns.

The trade method, called the top of the market and its break down entry short of 1204 at 7:32 a.m West Coast time for a long range multiple point drop and called for support to come in 1182.  There were bounces along the way, but just playing the next time frame higher, not shown, could have kept you in for this whole move. I don’t trade out of that larger time frame, but use it for guidance and direction.

As I continue to write, the S&P is down below 1181 and puts +10 points in the last piece. I know its not where it is , but where I close it out that counts and with 2/3 of position close already, makes for a happy ending any way I look at it.

That is all for today;  last note;   I will be going on vacation until after Labor Day, but will still be keeping up with my blog to some degree, but I will not be trading. I will likely post the days turns or some part of it, but I want to take a break after today’s market. Anyone interested in the method, you still contact me, as I will be available to still help you get started. Those current members looking for help and or support, I will still be here for you too, so don’t worry. I will be traveling to the Oregon Coast and up to Portland and into Washington and more.

This is why we work, to enjoy time off and visit with family and friends. I hope my readers are able to do some of the same before the Summer is over.   Trade well and committed, Vince

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Short Term Rally Looses Momentum

Tuesday, August 16th, 2011

The short term rally losses its momentum of the last few sessions. The Dow index has put in an “inside day” with prices being contained inside yesterdays trading range. The S&P is hovering at the 1192 level and will have to change my call from yesterday. I think there is a chance we will go higher, but not before we go lower first.

The price level of 1140 to 1150 is a minimum area with the lower number more likely. It could take just one to two days before we see those levels again. In fact as mentioned yesterday, we did see a big drop that never came in the day session. The market traded down to around 1147 and then retreated back up before the regular trading hour began and that was on Friday, three days ago. We should see those levels and lower this time around, but that is all just my opinion.

After we move down, the chance for a big rally up through these recent levels is very strong. This is likely still all a short term reaction to the massive drop of the last few weeks. We will have to see how things shape up in the days ahead and I would like to see the new “Investors Intelligence” numbers coming out tomorrow. I will report any changes as soon as they are available.

In today’s trading, I had two trades I did not take profits on as I had over 2 points of profit that slipped away from me and turned into a loss. That is not usually how it goes, but it happened. I still did hit my daily trading goal with my last trade. There was still some good moves left in the falling market, but I was content to leave the fight.The trades and other potential trade area’s are marked in the screen shot below. Good Trading, until next time

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Volume Pulls Back as Market Rises

Monday, August 15th, 2011

Today we saw a continued move to regain back some of the ground lost in recent weeks with the S&P +20 points to 1196. We are likely to see some additional gains to the 1220 area at a minimum, at which point selling could come back in at any time.

In my last call on Thursday for Fridays session, I mentioned that we would likely see an S&P futures drop of 20 points early on Friday with a rally back up and a close higher for the session. That is exactly what happened, but the drop took place in the night session and skipped the regular session drop all together.

For tomorrow, it is hard to say exactly when that continued rally will come in as we are currently extended, but we should see another good rally day or two before we run out gas in the counter move back up. Be careful, trade smart and always look both ways, just like when you cross the street. That way, you won’t get hit, right.

In today’s trading, I was only at it for just a few minutes, picking up 1.50 points in one quick trade. My daughter is visiting from the S.F. Bay Area and stayed up well into the night catching up on things.  I will post the trade below, but as you can see, there was more in the trade and there were some other pretty good moves before that trade and after it. Not really to hard of a read today, as the volume receded a great deal. It almost looked just like a regular session from weeks past. I will keep it short today and just post the screen shot below.  Trade well, trade committed.

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What is Market Sentiment Saying?

Sunday, August 14th, 2011

What is the market sentiment saying in the face of this massive sell off the last three weeks?  It has barely moved, in fact it became more bullish this last week by a touch. Currently the Bulls are at 47.3% and the Bears are 23.7%.  The Bullish number is the one to watch in my opinion and over the last three weeks it has been 49.5, 46.3 and last weeks 47.3. In addition, the 23% bears is really a very small number who are outright bearish, sounds like a minority to me.

The market survey is from “Investors Intelligence and is a weekly poll from the top market newsletter writers in the country. These guys are wrong most of the time and are typically trend followers. By the time it is obvious to everyone else, they become bearish at the bottom, no big deal, but that is right when it is going to go the other way, a very big deal.

They typically get it wrong on a constant basis and with a bullish signal coming in at 35% or below, this move has a long way to go before it is done, that is if it goes to a market extreme.  Is it possible it stops here and recovers and so on, Yes?

The point does need to be made that the downside potential for this move is S&P 1020 to 940 before a sustained move of any magnitude might be made in the reverse direction. That is for the S&P futures not the cash market, but both will be pretty close.

It is interesting to note, that this week, consumer confidence is at its lowest level in more than 30 years. If the consumer is not up to the task of supporting this economy, then it is going to take a lot of government stimulus to do the job and I am not sure they are up for it, given all the bad press about the budget. Who knows, they might just pull out QE3 in “Stealth” and pump more liquidity in the system. In fact, the Fed said that they are committed to keeping rates low through 2013. That is about the most brazen  statement the Fed has made in the last three decades I have been following the markets. The Fed will barely tell its intentions a few months out and now they are saying what there policy is for the next two years out. Wow, unbelievable. It goes to show you how far we have come. They are basically out of bullets, with rates where they are today.

It is almost like an oxymoron or a dichotomy if you will, in that as S&P has raised there risk factor on Treasuries, a higher interest rate will be the likely response the market will ask for. More risk, the greater the return, but the Fed says that they are committed to keep rates low with no change in policy for the next two years?  The only way they can do that is for the Fed to continue to buy up all the available Treasury Bonds as they come due and keep on doing that to swallow up the supply.

I don’t know about you, but that sounds like terrible news. It will all get transferred over to the higher inflation eventually and that means a constant loss of buying power, wealth and can be called a hidden tax. You will see in the next 6-12 months, inflation really kicking up.

One more thing. The Fed has been paying interest to Bank Deposits, money the Banks gave to the Fed and that is the reason that we have not seen more inflation up to this point. They have huge sums of there money and no incentive to loan out the money to get the economy going. Does that not sound odd, for an economy that wants to get growth going again. Well, that is if that is there true intentions. Lots of problems and they are not so obvious to the lay person on the street, but all the signs are there that something is not right.

So, what are the markets intentions for the next three months. It may very well be a continuation to the downside to levels mentioned above. Maybe then the crowd will become bearish enough to get a big rally in the opposite direction and they will be wrong again.

Coming up on September and October which are the worst stock market months out of the year. We could see a counter trend rally for the next week or two, but be on guard for a continued move down to the above levels mentioned at a minimum.

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No trading for me on Friday, as I thought I might take the day off as I mentioned in Thursdays blog.  With the great week I had there was no need to push it. I made a few unwanted mistakes Thursday, even though I had the best single day of the year and saw that as a moment to pause. We will see what this week has in store.

Trade well, and committed !

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Big Profit Day in S&P and Link to Free Newsletter

Thursday, August 11th, 2011

Today’s market, we saw a move back up to yesterdays gap opening lower and that gap is now closed. The market just before the close ended up off its highs, but finished strong in relation to the days trading range. A good short term bullish sign, but more is needed. Yesterday, we put in what is called an “inside day” with the days trading range being confined to the previous sessions trading range. That was not to hard as that days range was nothing short of huge. A move back to around S&P 1140 from the current 1168 would not be an unusual move with a renewed second attempt to take out today’s highs later in tomorrows session. Tentatively, that is what I think we will see, but I am always open minded to the current market action.

I have racked up a ton of extra S&P points this week with the extra movement. I have been trying to not slug it out with the market and did a pretty good job up until today. I did not really start off that good and did not really take my own advise from yesterdays blog posting. I should have know, but I got a little lazy and sloppy. I will just leave it like that, as I made a few no method trades and had some larger stops tied to them. It could have turned out badly for me today if I got my last trade wrong, but not only that, I took a double position on that trade, something I don’t usually do.

I felt after getting beat up in the chop, which I should have waited for, I finally had it right and doubled up, very aggressive. I did finally see exactly where I thought the market was going to and did nail it with size to the tick for a +15 point trade, two ticks before the top I called at S&P 1165. That was a “trade to target” for me and pointed it out to my trading group as it progressed in multiple screen shots before and after. Let me post my trades, “the good, the bad and the ugly”.

I have been trying to avoid the overly active part of the session as I don’t want to get caught with slow response times like I mentioned in yesterdays posting. The end result today was excellent, in addition, I did have a good trade in the late night session, good for 3&5 points. Just before that, I closed a short for -3 ticks, so ended up with a solid +3 net points and could have counted for my session today. This was the biggest day I have had in long while, even with the previous stop outs, in part because of the double position. Several weeks of daily gains and on a long win streak.

I won’t be pushing it tomorrow as I just might take the day off. Today was a bit of a stressful day for me, and that is what I try and stay away from. Need to cool off a bit and take a step back. For others, it might be a time to press on and get aggessive. I can’t speak to that, as everyone is different. I do have some physical limitations and I do have to watch my stress levels, that is just being wise, as we all have to monitor where we are at for what we do.

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I am going to share a link with you today as it will shed some light on what is happening within the economy and a lot more. I will warn you, it is straight forward and it may be a bit shocking for some, so if you are not in the mood to get a dose of reality, don’t click on the link and keep on going.

www.theinternationalforecaster.com/International_Forecaster_Weekly

The mans name is Bob Chapman and he writes “The International Forecaster” a business, finance, economics and social and political issues worldwide, which reaches 10,000 investors and brokers monthly directly, and parts of his publication are picked up by 60 different websites weekly exposing his ideas to over 10 million investors a week.

His credentials are amazing and you can read a short piece on him by clicking on his name to the left of his website. I only share this for those who want to know what is going on and why in relation to the above topic’s. I want to help my readers be prepared for what ever may happen in the months and years to come.

You can get a good portion of his twice a week newsletter Free, which is good and not that common these days. Again, it is straight forward and can be shocking for those who have not been exposed this kind of information, so that is my only disclaimer.

I wish all my readers the very best, Vince.

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Additional Market Risk & Exposure

Wednesday, August 10th, 2011

The markets are in a hot zone right now, with volume and moves accelerated greatly. This can be a good market to trade if your trading platform is solid and trade execution speed lightning fast. That is not to mention, if your timing is off and you are not precise with your entries, you will take unwanted draw downs and losses. You need to be on your game if you want to participate. Anything less and you will be taking on a lot of additional risk and losses and your efforts will seem more like a gamble.  Anytime you do not posses the trading advantage, you are just guessing and I don’t have to tell you the results of that kind of effort.

Be selective, wait for the best entries with this kind of market. You don’t want to over expose yourself to this market as it can chew you up and spit you out. So, an underexposure is really best, but trade if you must with as much precision as you can. A stop loss for a typical trade a few weeks ago might have to be doubled and or tripled to have the same margin, but the targets need to be double or triple as well, to compensate for the additional risk. In addition, traders should consider to lower there contract size if they do not want to take on additional risk. Being aggressive in this kind of market can bring in windfall profits, but it has a lot of additional risks and can be a double edge sword.

In today’s trading, I wanted to trade the pre-market, but I was not up and ready in time, I just took a little extra time to relax and prepare after the markets active opening. We did see a little slower action a couple of hours into the day, as compared to the open and made two trades in total for the day. The first one, had good timing on the entry, very little draw down and ended up getting stuck in the trade as I tried to exit on a limit order in a falling market. A couple of attempts and I found myself all the way back down and then some for a stop loss of 3.50 points. Next trade was the same type of entry in a quiet small consolidation area, with very little draw down and great movement with the first exit a market order for +9 points and the second one for a stop market of 8.50 points. A good day, with no need to push it in about 60 minutes of trading.

I have the turning points marked up as per the trading indicators, but this is not the trading method. My trading is price based which takes into account time, space (movement) and energy. I won’t go into it, as I usually don’t, but I like to show those who look on that there is a basis for price movement that they can understand. Trading indicators are used by many a trader and it is something that others can relate to. So, I make that part easy in showing how price correlates to the indicators. This can be very helpful for many as they learn the price action part of the method, which is where the real power of this method comes in at. The indicators do a nice job of confirming the method as you can see hundreds of times in the daily postings I put up.

What ever your method, be consistent in doing the same types of things when they are warranted. This way, you will be able to repeat your success as you move forward. I wish all my reader the very best.

Trade well and committed, Vince

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