Trading Blog
Videos and Guides on Emini and Futures Trading
Pros Running Stops and Where to Put Profit Targets
Quick video today about Running Stops and the magic 2 point zone. Use this knowledge to place your profit targets and get out on some exhaustion activity. In the Emini market you will always find a cluster of Stops sitting 2 points above a previous pivot high and 2 points …
Do the ‘Better’ Indicators Work on Bitcoin? Yes (and No)
Do the ‘Better’ indicators work on Bitcoin? Well, yes and no. And that’s the problem. Bitcoin data is all over the place and there is no single unified data feed. As of November 2020, there are (at least) 28 exchanges where Bitcoin trades. On the plus side, the activity is …
Emini Day Trading: 7 Rules of Thumb
Over the years I’ve catalogued 7 (so far) “Rules of Thumb” that keep me out of trouble and help me improve my Emini day trading results. These Rules of Thumb are nothing mind blowing – just some useful guidelines that stop me making stupid mistakes and keep me out of …
Day Trading Is Not Like Gambling, Except For This …
Transcript of the video It is Sunday, 25th of January 2015, and I hope you’re having a great weekend. So, something a little bit different in this weekend’s video. I want to talk about “Day Trading Is Not Like Gambling, Except for This”. And it’s a little bit of a …
What Is the Best Charting Software?
Best Charting Software: It’s always a compromise Depending on what kind of trader you are, each of these 3 factors will have different significance. For example, if you’re an Elliott Wave follower you should choose the charting software package that gives you all the right Elliott Wave tools. If you’re …
The 7 Deadly Sins Trading Log [Free Download]
The 7 Deadly Sins Trading Log is a free download in Excel spreadsheet format. The download link is at the bottom of this page. Identifying, tracking and fixing your most frequently repeated trading mistakes is THE fastest way to get profitable. Period. Thank you! Successful trading has more to do …
The Better X Trend Indicator [Free Code]
Here’s how to use explosion and exhaustion volume to determine the trend. Introducing the Better X Trend Indicator. Trend indicators are the holy grail of the indicator world – everyone thinks “If only I had a better trend indicator then making money in the market would be easy.” But trend …
Do the ‘Better’ Indicators Work on ETFs? Yes
Been mulling over my longer term investment strategy for a while now. Emini day trading, real estate and cash will only get me so far. It’s time to broaden the horizon. And with the S&P 500 at record highs, are there better opportunities around the world? Here’s an ETF Trading …
TradeStation Charts: 20 Tips, Tricks & FAQs Answered
I’ve been using TradeStation charts for nearly 20 years, and before that, I used SuperCharts – the predecessor to the TradeStation platform. With over 25 years of TradeStation experience, I’ve compiled my top tips for getting the most out of TradeStation. From backing up your charts and files to optimizing …
Futures Margin Requirements
Live Data from Interactive Brokers and TradeStation What is the difference between initial margin and maintenance margin in futures trading? Initial margin is the amount a trader must deposit to open a futures position. Maintenance margin is the minimum account equity that must be maintained once the position is open. …
The Better Momentum Indicator
Stop measuring price and start measuring demand and supply volume! Momentum indicators have been calculated based on changes in price for decades. But that doesn’t make any sense – you’re just measuring the result, not the driving force. The driving force is demand and supply volume – the energy that …
Toughen Up, This Isn’t a Game for Crybabies
Warning – this video is not for everyone. If you’re feeling fragile or negative, please give it a miss. In a nutshell, what am I saying? And to lighten the mood a little – some typical Australian humour. Losing days or weeks are hard but if you love trading you’ll …