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Trading Blog

Market Insights & Knowledge Shared

Emini SP Comeback Trade

 

In Trader Anatomy Episode 207, Trader Steve provides a recap on a bullish "comeback" trade that emerged in the Emin SP. The market started down over 30 points early in the trading session, but on both the 60 minute and 30 minute timeframes it provided a bullish breakout close about the high value area level (red horizontal line). See the image of the 30 minute chart below for a visual of the trade construct. This pattern is effective on ANY market or timeframe. 

 

 

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Friday Fun Day, Monster Movers

 

In Trader Anatomy Episode 206, Trader Steve provides late morning updates on big movers in the Emini SP, Gold, Crude Oil and the Eurocurrency. 

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Stop the Trading Noise

 

In this world, there is so much information, technology, and people. How do you know what to do with it all? If you're like most traders, you just want to stop the noise!

There is a common misconception among traders that more information enhances ones' chances of success. But we couldn't disagree more. What has the greatest impact on traders sustainability and success is having access to the RIGHT information. 

There's a big difference between MORE information and the RIGHT information. Simply having more information means more to sift through and a higher likelihood of indecision altogether. Take an honest look at the technical tools and information that you're using daily and ask yourself if the information offers tangible value or just more noise. 

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Winners Have a Plan

 

One of the major differences between those who struggle in the markets and those who win is the winners most often have a plan. It is what drives them each and every day on every trade they make. 

A trading plan is what adds structure to trading decisions and without it, human emotions take over such as fear and greed. These emotions can be irrational at times and evoke regrettable trading decisions. 

So long as you're human, emotions will be present but you can setup mechanism to control them and hold yourself accountable which is the first step to better trading. 

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Commodities Are Part of Your Everyday Life

 

Most people don't realize that commodities already are a part of our everyday lives. From the gas in our cars, wheat in our bread, or even our morning cup of coffee. In this video, commodity trading expert, Steve Dahl, takes a stroll to the Chicago Board of Trade to discuss this reality and the big difference between traders and consumers. 

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Beyond the Trading Screens & Trading Tips

 

In this video episode of Beyond the Trading Screens, Steve Dahl visits the studio to talk candidly about a variety of important topics impacting traders.

First, Steve emphasizes the importance of creating a trading plan before starting to trade with real hard-earned money. 

Next, Steve talks about keeping emotions in check to maintain objectivity. Far too often traders let emotions dictate irrational (and costly) decision-making. 

With his strong background in trading technology and software analytics, Steve shares his vision for the future and his perspective on the role of Artificial Intelligence, also known as AI. 

This is a worthwhile video to digest as it is rare to get such genuine insight about topics off the screens.  

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