Upcoming Government Reports & Holidays 3-Sep LABOR DAY HOLIDAY — 4-Sep CONSTRUCTION SPENDING 10:00 AM 5-Sep INTERNATIONAL TRADE REPORT 8:30 AM 5-Sep U.S. INTERNATIONAL TRADE IN GOODS & SERVICES 8:30 AM 6-Sep MANUFACTURERS’ SHIPMENTS, INVENTORIES… 10:00 AM 7-Sep EMPLOYMENT
Uncategorized
Jesse Livermore’s Massive $100 Million Short of 1929
For most of the speculators, banks, and financial institutions who were around to experience it, 1929 was indeed a year of reckoning, marked by utter financial and personal ruin for most. It taught us that on the other side of
The 2010 Flash Crash
On May 6, 2010, at approximately 2:32 pm EST, all three U.S. stock indices–The Dow Jones Industrial Index, S&P 500, and the Nasdaq Composite–underwent a massive plunge and a partial rebound over a 36-minute period. In just a matter of
Trading Exhaustion Gaps to Exploit Potential Tops and Bottoms
The Problem with Timing Market Tops and Bottoms If there is one thing that traders are exceptionally bad at doing…one thing that tends to produce losses on a consistent basis…it’s the attempt to fade market tops and bottoms. Like any
Newsletter – August 2018
Upcoming Government Reports & Holidays 1-Aug CONSTRUCTION SPENDING 10:00 AM 2-Aug MANUFACTURERS’ SHIPMENTS, INVENTORIES… 10:00 AM 3-Aug EMPLOYMENT SITUATION REPORT 8:30 AM 3-Aug INTERNATIONAL TRADE REPORT 8:30 AM 3-Aug U.S. INTERNATIONAL TRADE IN GOODS & SERVICES 8:30 AM 9-Aug
Day Trading Strategy: Catching Explosive Moves in the ES
Day trading can be an exceedingly fast and nerve-racking endeavor. It’s easy to miss a relatively big move if you’re not paying attention. And the pace gets even faster the smaller your time frame gets (e.g. tick, one-minute, or even
Black Wednesday, September 16, 1992: Soros Reaps $1 Billion Shorting the Pound
It’s well known that billionaire investor and philanthropist George Soros has been a favorite scapegoat among right-wing conspiracy theorists for quite some time. He and his Open Society Foundation have been accused of many alleged left-wing “conspiratorial” acts. Whether you
Devise a Top-Down Trading Plan
How a Bottom-Up Approach Can Introduce More Risk Into Your Trading Let’s suppose that you just learned a new trading strategy. The back-tested results seem acceptable, so you decide to try it out on a trading demo. Overall, your “simulated”
The Brent-WTI Crude Spread: A Viable Trading Opportunity?
Crude oil presents trading opportunities that are often fundamentally driven. And in the US, many retail traders prefer trading the West Texas Intermediate (WTI) crude oil futures contract (ticker: CL) not only because it is liquid, but because it’s a
Identifying and Trading Breakaway Gaps
Trading a breakout from price range or consolidation is a common tactic. The risk, of course, is that the breakout may turn out to be false. So, we look at volume and follow-through to confirm the likelihood that price will