Monthly Archives: October 2006

When you are day trading, anything you can do to make decisions easier or faster is to your advantage. Even when swing trading, as you scan through chart after chart, being able to interpret the information quickly allows you to … Continue reading →

Where do you draw trendlines, and perhaps more important, when? That’s hard to show in a single chart, because unless you work with trendlines all the time, a multitude of lines just becomes confusing. Fortunately I just found a screen … Continue reading →

I’ve gone to a 15 minute chart to show the context of today’s trading, and because the best trade of the day isn’t obvious on a shorter timeframe. The eleven bars before point #1 represent the almost three hours of … Continue reading →

Which works better, support and resistance or Fibonacci? As you’ll see from today’s chart, sometimes they work together, but you really need to pay attention to both. I think the reason more people watch support and resistance is that it … Continue reading →

The opening gap (4+ points) looked like it was going to continue down, and there was a strong temptation to chase the move. Whenever I get that feeling I just remind myself that when I think I know what is … Continue reading →

Some days you just wait for signals that never come. Today felt like that. The Russell 2000 made a nice move in the first hour, but I couldn’t find an excuse to make a trade. We broke out of yesterday’s … Continue reading →

After a relatively flat opening, the Dow and S&P futures decided to go down while the Russell and the NASDAQ tried to go up. That made it difficult to find a convincing entry until about 8:30 (Pacific) when the various … Continue reading →