by Thomas Wood | Jan 7, 2019 | Futures, Indicators, Trade Setups, Trading, Trading Tips, Video of the Day |
Today we discuss a trade setup for day trading the 30 year bond market. This setup uses a 500 tick price chart to identify breakout entries using well defined support and resistance levels. We also talk about the MQ Powerlines indicator and how this works to make...
by Thomas Wood | Jan 4, 2019 | Forex, Futures, Indicators, Options, Trade Setups, Trading, Trading Tips, Video of the Day |
Today we discuss when it is okay to change your bias from bullish to bearish and why you do not want to just stick to an opinion on the market even if signs are pointing to a change. Remember, we do not want to be bouncing back and forth, but when new information...
by Thomas Wood | Jan 2, 2019 | Equities, Futures, Trade Setups, Trading, Trading Tips, Video of the Day |
In today’s futures live trading room we had a great trade setup in Crude Oil (CL) futures. This was a false breakout, run on the stops where we broke through support and immediately reversed direction, which set us up for a long trade that we were able to ride...
by Thomas Wood | Dec 21, 2018 | Forex, Futures, Indicators, Options, Trade Setups, Trading, Trading Tips, Video of the Day |
Today we break down some of the trade setups in the ES from the futures live trading room using Renko charts and trend trading retracements. Remember, in periods of high volatility like this, trend trading is one of the best ways to catch intraday price movement....
by Thomas Wood | Dec 17, 2018 | Equities, Futures, Options, Trade Setups, Trading, Trading Tips, Video of the Day |
Today we break down a setup in the ES where we had a failed bullish signal that then turns bearish. One thing to remember, the market takes the path of least resistance, so if it triggers a good long setup, then fails, many times you will run the opposite direction....
by Thomas Wood | Dec 14, 2018 | Trade Setups, Trading, Trading Tips, Video of the Day |
Today we talk about a trade setup from the futures live trading room this morning with a breakout in crude oil (CL). Originally we had a bullish bias due to momentum, but the market broke out of compression to the downside and gave a nice winning trade on the short...
