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20 May Posted by in Day Trading | Comments Off on CORRELATION:The true relationship between technical indicators and price movement

CORRELATION:The true relationship between technical indicators and price movement

CORRELATION:The true relationship between technical indicators and price movement

  My good friend and fellow mentor, Ken Chow, developed a trading technique he calls SuperStructure. It uses only price.  No indicators at all. He and his students do quite well. But, success at SuperStructure requires a certain mathematical aptitude that not everyone has.  I know I don’t have it. I need more visual cues […]

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19 Apr Posted by in Day Trading, Fibonacci Ratios | Comments Off on Preparing for a Winning Trade

Preparing for a Winning Trade

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 […]

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08 Apr Posted by in Day Trading | Comments Off on Intra-Day Time Projection

Intra-Day Time Projection

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 […]

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