trading

April 5, 2019
Slow Drip Up

Slow Drip Up

Markets are vacillating sideways with a slow upward bent. VXXB broke to the downside on an outside-inside pattern on the daily chart. If you are bull then you want to see VXXB continue its downward descent and not take out today’s highs. IWM took out the pivots highs from the week of March 18th which is something we identified in the Weekly Outlook video. The markets have a remarkable way of testing the resolve and shaking out the late and impatient traders before making the real move. The key is observe the larger trends and focus on good trade location.
April 4, 2019
Do Nothing Day

Do Nothing Day

Well it’s been a do-nothing day so far. As the lunchtime approaches SPY, IWM, and VXXB are all still trading inside day. Days like these used to chop me to pieces. A lot of intraday trading for negligible results. Recognize that if it feels like you are working hard that either: a) you are trading against the trend or b) you are trading in a range-bound condition. Regardless, as the saying goes, “when the going gets tough, the tough get lazy”. Recognize that the wider timeframe trends are still up so save the emotional and financial capital for when the […]
April 3, 2019

Why Do We Always Ask Why – The Fallacy Of Looking For Cause And Effect.

One of the big news stories of the week has been why Bitcoin shot up to $5,000. In this video, I discuss the fallacy of cause and effect and why as traders we need to stop looking for reasons on why things happen and focus instead on cultivating an objective and probabilistic mindset.
April 3, 2019
Watch The Long Bond

Watch The Long Bond

Notable – the long bond (TLT) is coming back in. Notice how it went outside week and up and now coming back through the range – pivot to watch is 120.89. What does this spell for equities?
April 2, 2019
Tell Me You Bought Some Bitcoin

Tell Me You Bought Some Bitcoin

The past several weeks I’ve been discussing the monthly pattern on Bitcoin and a number of different cryptos in the Weekly Outlook videos and alerted you of the trigger yesterday on the blog. The buyers came back to the crypto space yesterday squeezing any late or stubborn shorts. I’m up 20% in BTCUSD and now long 11 coins because that’s how I roll. The EOS position base price should read 3.05 but Bitfinex changes the base price after profit taking. If you missed the entry don’t chase. If this rally has legs you will have lots of opportunities to get […]
April 1, 2019

An Introduction To Quantitative Trading – Do Things That Don’t Scale with Simon Ouellette

Summary In this episode, I welcome on quantitative trader Simon Ouellette. Simon recently presented at October’s Montreal Traders Meetup and delivered a fantastic talk on the importance of having a proper methodology when it comes to researching and backtesting your trade ideas. In this show, we’ll be diving further into that idea and also hear Simon share his trading experiences and perspectives. The purpose of the Trading Perspectives Podcast is to feature and share the trading stories and perspectives of the Montreal Trading community. Resources Mentioned Quantopian – Quantopian is a crowd-sourced quantitative investment firm which promotes people from around the world to […]
March 30, 2019

Weekly Market Outlook For April 1 – 5, 2019

In this video, we look at the technical outlook for the VXXB SPY QQQ IWM DIA TLT KRE GLD BTCUSD ETHUSDUKOIL KRE AAPL CSCO for the week of April 1 - 5, 2019.
March 27, 2019
Salesforce Falls – Luck Favours The Prepared

Salesforce Falls – Luck Favours The Prepared

It’s remarkable how often price action seems to precipitate the news. As we posted on the Weekly Outlook over the weekend we’ve been watching Salesforce (CRM) as a potential short and put on the trade yesterday and shared it on the video blog. Today news over the wire shows that Salesforce is being suid for selling technology to illicit website Backpage. Salesforce Stock Falls After Lawsuit Is Filedhttps://www.barrons.com/articles/salesforce-stock-falls-after-lawsuit-is-filed-51553705541 Regardless whether or not you believe the news lags price – Luck Favours The Prepared. Don’t forget we also mentioned HUBS. Let’s see how that’s trading shall we?
March 26, 2019
Tactical Short on CRM

Tactical Short on CRM

Watch this short video on the tactical short on CRM. In this video I discuss: Why you need to use the higher timeframes to inform your shorter timeframe decisions The wider timeframe setup on CRM What is an inside bar reversal Using multiple timeframes for entries
March 25, 2019
Let’s Do It Again Tomorrow

Let’s Do It Again Tomorrow

Well today was a non-event. The indices spent the majority of the trading day trading inside the 60 min open. Can you say range based day? Aside from gold and gold stocks climbing higher through the session, NUGT being the one we called out as being one to watch during this week’s Weekly Outlook video, and TLT barreling higher. VXXB was unable to close the gap at 33.19 although is still within spitting distance so watch out for that tomorrow. Watch the video to hear an easy way to identify range based days and how I traded it. If you’re […]
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