• Trading

    Posted on December 4th, 2009

    Written by Richard

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    Easy Morning

    Easy Morning

    I’m still working out the right balance between public and private posting. I thought I’d share how easy the morning was to trade, if you knew what you were looking for. The first thing I do when I drag myself out of bed, is glance at some kind of overview chart. It [...]

  • Trading

    Posted on November 23rd, 2009

    Written by Richard

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    Trapped in a Mindset

    Trapped in a Mindset

    It’s not wrong to form opinions. In fact, I think it’s great practice to guess what the market is about to do. If anything else, it gives you something to do while waiting for trading setups. But, when you start to like your guess better than reality, that’s when the market proceeds to punish you mercilessly.

  • Trading

    Posted on November 19th, 2009

    Written by Richard

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    Un-Stuck!

    Un-Stuck!

    Have you all been following the stuck zone I pointed out a couple days ago? If so, I hope you saw the classic breakdown-retrace-run this morning off the open. Here’s a chart I posted to the team area earlier, after which we discussed entries.

  • Trading

    Posted on November 18th, 2009

    Written by Richard

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    Stuck

    Stuck

    The S&P500 e-mini futures have been stuck in a zone for the last couple days. In the team I’ve been outlining the way to spot these dead zones and how your best bet is to assume price will stay stuck. I’m going to keep playing for failed breakouts until the market [...]

  • Trading

    Posted on October 29th, 2009

    Written by Richard

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    Trend Days

    Trend Days

    Days like this are when you are supposed to be able to make your full month’s take with ease. Since many of you didn’t, now’s a good time to ask yourself “why not?” The market never once tried to reverse, so why did you keep shorting into it? At the time, what [...]

  • Trading

    Posted on October 13th, 2009

    Written by Richard

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    Coiling Up?

    Coiling Up?

    Wow, as I type this, we are working on the fourth inside candle in a row on the five-minute overview chart. Conventional wisdom says we’re likely to have a strong move out of this zone. We’ll see…

  • Trading

    Posted on September 26th, 2009

    Written by Richard

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    Price Reading Lesson

    Price Reading Lesson

    Breakout. Retrace. Run. I know I come back to this pattern often when I’m discussing the markets, but it’s one of my favorites. It came up again on Friday in the eotpro live room, so I thought I’d make a video.

  • Trading

    Posted on February 3rd, 2009

    Written by Richard

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    The “R.T.” Chart Pattern

    The “R.T.” Chart Pattern

    In the eotpro live room we jokingly call this the “R. T.” chart pattern. As I’ve mentioned before, if I could go back in time and teach myself just one chart pattern, this would be it.
    To recap:

    You take a strong S/R like our EOTPro Alla’s Average.
    You wait for price to break through it.
    You wait [...]

  • Trading

    Posted on November 20th, 2008

    Written by Richard

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    Follow the Pain

    Follow the Pain

    This is generally good advice for trading all day… but I especially watch for this in over-excited and news-driven markets. Today there was all kinds of talk swirling around about whether there’d be an auto bailout or not, and so on. Markets were in a big downtrend intraday. Price action was getting [...]

  • Trading

    Posted on November 11th, 2008

    Written by Richard

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    Gorgeous

    Gorgeous

    See how price pushes up through Alla’s Average, then comes down to meet it, and then runs? That is the chart pattern I talk about over and over. If I could go back in time and teach myself just one chart pattern, that would be it!

    Note, too, how during the short consolidation (blue [...]

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X3Nob3J0bmFtZTwvc3Ryb25nPiAtIHdvbzwvbGk+PGxpPjxzdHJvbmc+d29vX3Nob3dfYmxvZzwvc3Ryb25nPiAtIHRydWU8L2xpPjxsaT48c3Ryb25nPndvb19zaWRlYmFyX2FkX2hyZWZfMTwvc3Ryb25nPiAtIGh0dHA6Ly93d3cud29vdGhlbWVzLmNvbTwvbGk+PGxpPjxzdHJvbmc+d29vX3NpZGViYXJfYWRfaHJlZl8yPC9zdHJvbmc+IC0gaHR0cDovL3d3dy53b290aGVtZXMuY29tPC9saT48bGk+PHN0cm9uZz53b29fc2lkZWJhcl9hZF9ocmVmXzM8L3N0cm9uZz4gLSBodHRwOi8vd3d3Lndvb3RoZW1lcy5jb208L2xpPjxsaT48c3Ryb25nPndvb19zaWRlYmFyX2FkX2hyZWZfNDwvc3Ryb25nPiAtIGh0dHA6Ly93d3cud29vdGhlbWVzLmNvbTwvbGk+PGxpPjxzdHJvbmc+d29vX3NpZGViYXJfYWRfaW1nXzE8L3N0cm9uZz4gLSBodHRwOi8vd3d3Lndvb3RoZW1lcy5jb20vYWRzL3dvb3RoZW1lcy0xMjV4MTI1LTEuZ2lmPC9saT48bGk+PHN0cm9uZz53b29fc2lkZWJhcl9hZF9pbWdfMjwvc3Ryb25nPiAtIGh0dHA6Ly93d3cud29vdGhlbWVzLmNvbS9hZHMvd29vdGhlbWVzLTEyNXgxMjUtMi5naWY8L2xpPjxsaT48c3Ryb25nPndvb19zaWRlYmFyX2FkX2ltZ18zPC9zdHJvbmc+IC0gaHR0cDovL3d3dy53b290aGVtZXMuY29tL2Fkcy93b290aGVtZXMtMTI1eDEyNS0zLmdpZjwvbGk+PGxpPjxzdHJvbmc+d29vX3NpZGViYXJfYWRfaW1nXzQ8L3N0cm9uZz4gLSBodHRwOi8vd3d3Lndvb3RoZW1lcy5jb20vYWRzL3dvb3RoZW1lcy0xMjV4MTI1LTQuZ2lmPC9saT48bGk+PHN0cm9uZz53b29fc2luZ2xlX3RodW1iPC9zdHJvbmc+IC0gZmFsc2U8L2xpPjxsaT48c3Ryb25nPndvb190aGVtZW5hbWU8L3N0cm9uZz4gLSBPcGVuIEFpcjwvbGk+PGxpPjxzdHJvbmc+d29vX3RoZV9jb250ZW50PC9zdHJvbmc+IC0gZmFsc2U8L2xpPjxsaT48c3Ryb25nPndvb190aHVtYl9oZWlnaHQ8L3N0cm9uZz4gLSAxNDU8L2xpPjxsaT48c3Ryb25nPndvb190aHVtYl93aWR0aDwvc3Ryb25nPiAtIDIxODwvbGk+PGxpPjxzdHJvbmc+d29vX3R3aXR0ZXI8L3N0cm9uZz4gLSByaWNoYXJkLndlc2xleS50b2RkPC9saT48bGk+PHN0cm9uZz53b29fdXBsb2Fkczwvc3Ryb25nPiAtIGh0dHA6Ly93d3cubW92ZXRoZW1hcmtldHMuY29tL2Jsb2cvd3AtY29udGVudC93b29fdXBsb2Fkcy8zLWNvb2x0ZXh0NDMzNzcyMTc2LnBuZzwvbGk+PGxpPjxzdHJvbmc+d29vX3ZpZGVvX3Bvc3RzPC9zdHJvbmc+IC0gU2VsZWN0IGEgbnVtYmVyOjwvbGk+PGxpPjxzdHJvbmc+d29vX3ZpZHBhZ2U8L3N0cm9uZz4gLSBTZWxlY3QgYSBwYWdlOjwvbGk+PC91bD4=