Recent Articles
Creating Standardization to Improve Your Trading Process
Jan 3, 2020 Trading Blog Comments Off on Creating Standardization to Improve Your Trading Process
I hope everyone had a great Christmas break. I know I definitely needed some time off to recharge, review and get ready for another year of the grind. I wrote down some things that I thought some might find useful to improve their trading […] Continue Reading…
Measuring Price Action within market structure
Dec 19, 2019 Trading Blog Comments Off on Measuring Price Action within market structure
Yesterday I posted a short article describing how I set up my charts to track market structure. That list of 10 points describes places where liquidity is likely to be and these are the places where I want to trade. The key to knowing […] Continue Reading…
How I View market structure as a Daytrader
Dec 18, 2019 Trading Blog Comments Off on How I View market structure as a Daytrader
I’ve been meaning to get a few posts up on my daytrading process, but just haven’t had the time to do it. Maybe it will help another daytrader, or at least let you guys know what I’m looking at each day. Not much going […] Continue Reading…
Energy Equities Outlook and Trading Plan for Dec 16-20
Dec 15, 2019 Trading Blog Comments Off on Energy Equities Outlook and Trading Plan for Dec 16-20
This week is going to be the last week of trading for the year for me. I’m out of here Friday to the warm Bahamas for Christmas. Hope you all have a very Merry Christmas and Happy New Year.
As for the XOP, it really […] Continue Reading…
Energy Equities Outlook and Trading Plan for December 2-6
Dec 1, 2019 Trading Blog Comments Off on Energy Equities Outlook and Trading Plan for December 2-6
It was another week of decay for the XOP. The overall market was making new highs, with the SPY touching 315, yet the E&P’s closed a few cents from all time lows. The previous week set up a rising wedge pattern, so the breakdown […] Continue Reading…
Energy Equities Outlook and Trading Plan for November 25-29
Nov 24, 2019 Trading Blog Comments Off on Energy Equities Outlook and Trading Plan for November 25-29
As the overall market keeps making new highs, the E&P’s just keep decaying to new lows. The XOP has been my best friend for years, but I think the relationship might be coming to an end. As any short term trader will tell you, […] Continue Reading…
Energy Equities Outlook and Trading Plan for November 11-15
Nov 10, 2019 Trading Blog Comments Off on Energy Equities Outlook and Trading Plan for November 11-15
It was a decent week for the E&P’s with the XOP adding 90 cents from last week’s close. The action on Friday was encouraging and I think there may be some room to run this week. Trading on Thursday and Friday was very calm […] Continue Reading…
Energy Equities Outlook and Trading Plan for November 4-8
Nov 2, 2019 Trading Blog Comments Off on Energy Equities Outlook and Trading Plan for November 4-8
The XOP closed the week at 21.85, which was just one penny higher than where it closed the prior week. In the bigger picture, it went nowhere. The high of the prior week (Oct 21-25) was 21.98 and price tried to escape that range […] Continue Reading…
Energy Equities Outlook and Trading Plan for October 28 – November 1
Oct 27, 2019 Trading Blog Comments Off on Energy Equities Outlook and Trading Plan for October 28 – November 1
Energy stocks finally showed some life this week by starting Monday on the lows and finishing Friday on the highs. It was a nice trending week that could continue toward the top of the range around 22.68. Another decision will have to be made […] Continue Reading…
Energy Equities Outlook and Trading Plan for October 21-25
Oct 20, 2019 Trading Blog Comments Off on Energy Equities Outlook and Trading Plan for October 21-25
It was a fairly boring week for the E&P’s and XOP, but that rangebound boredom could be leading to more exciting things on the horizon. It felt like there was some heavy accumulation going on all week at the bottom of this latest range and […] Continue Reading…