Mentor Mike’s Market Movie for 2/17/12
In Mentor Mike’s Market Movies I re-trade about 8 hours of market movement in the S&P Emini in 20 to 30 minutes. When I see a trade setup, I pause the accelerated data feed, identify the entry signals and place the trade on Ninja Trader’s demo platform. Then, I restart the data feed and […]
Read more...
Mentor Mike’s Market Movie for 2/16/12
In Mentor Mike’s Market Movies I re-trade about 8 hours of market movement in the S&P Emini in 20 to 30 minutes. When I see a trade setup, I pause the accelerated data feed, identify the entry signals and place the trade on Ninja Trader’s demo platform. Then, I restart the data feed and […]
Read more...
Mentor Mike’s 1st Video Recap for Friday 2/10/12.
I have compressed 8 hours of last Friday’s ES day trading to a 23 minute video. It’s rough, but ready for an initial viewing at last! I used Ninja Trader’s market replay function to recap Friday’s trades at a speed that is 30x actual time. My verbal delivery is less than stellar. I didn’t use […]
Read more...
Chart Reading vs. Trading with Indicators
When selecting a trading methodology that is effective in the long run, a trader needs to ask himself what type of approach would work best for accuracy and reliability. First there is the fundamental approach which works best for the long term trader/investor. Warren Buffet is a good example of a trader with […]
Read more...
Trading with Fibonacci Ratios
One of the most powerful set of tools we can use with tremendous accuracy and reliability are the Fibonacci ratios. These ratios are part of a class of ancient mathematical phenomenon known as sacred geometry. Fibonacci patterns are found in all things natural, including all freely traded markets. Many traders have had some exposure […]
Read more...
Preparing for a Winning Trade
The two most important questions I ask myself when I analyze a price chart of any time interval to find trading opportunities are: trend direction (easy to see) and trend strength (critical to know). Knowing the answers allows me to choose one of two basic trade entries. I can either trade with the trend when […]
Read more...
Intra-Day Time Projection
The charts of the 5 minute e-mini show a precise application of a geometric time projection I made earlier this morning. The use of a circle drawn with its center at the bottom at 8:15 and its circumference point at the high of 8:40, projected a time target of 12:05. The second chart shows the […]
Read more...