Reader question: Sir, With due regards, I am trading with Indian bourses, NSE NIFTY index futures. Today in spite of my best efforts I couldn't profit. What strategy would you recommend for days like this? Regards, RR. AttachedChart: Response:
For intraday traders… the following outlines my expectations for trading the last session before a long weekend. I always expect a narrow-range, low volatility and low liquidity market. I monitor it with an expectation of having no trades, UNLESS the market can prove that it wants to make a strong directional move. Only then will…
Late last year I released a popular series of two articles which dealt with the topic of "Winning through Losing Better". You can see them here if you missed them: Part One, Part Two. I was reminded this week of a comment from Part Two. Here's the relevant text from the article: Search for market…
Expectations should change with a change in environment. In a slow, wide-swinging trend, your better off waiting for a deep pullback. Don't be too quick to enter. But in a fast trend, if you hesitate you may just miss the entry. Here's two fast-trend shallow pullback entry examples. There's no waiting for a 38.2% retracement…
Have you considered how you should classify the market environment? If not, it's well worth doing so. The nature of the current market environment will determine the game plan that you bring to your trading session. There are numerous ways to classify it. Trending vs Ranging! Accumulation, Mark-Up, Distribution, Mark-Down! Trending Volatile, Trending Non-Volatile, Ranging…
EMAIL QUESTION: Do you ever use a limit order to trigger into a trade? I've been trying to use limit orders when the market is in a trading range, selling at the top, buying at the bottom. If this is a fools game could you please set me straight with an explanation of why this…
Here's a documentation & learning tip which can really add significant value to your trading knowledge, and in time to your level of skill and confidence. Create and maintain a knowledge base documenting everything you know about every aspect of market environment: How to recognise the environment / the features of the environment. The nature…
Most forex traders know that when the markets are open during holidays the volume gets a little quiet. But how quiet? Without volume figures it’s not really possible to tell, is it? To get an answer, why don’t we have a look at the fx currency futures, which do have volume and will give an…
