Trade To Close

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My Friday’s Already Over

The awesome thing about trading is that you are your own boss. Which means you clock in and out whenever you feel like. And if you know me, I like to keep my Friday’s short. So instead of feeding you a chart or setup today… (Honestly, the market's been boring this week anyway…) I'm gonna give you different advice: GO OUT AND HAVE SOME FUN THIS WEEKEND. Heck, I’ve already started… (I’m already checked out) Living proof that you don't need to grind 24/7 to win at this game. Speaking of which… If you're looking for a solid Friday drink… Let me introduce you to the greyhound. Vodka. Grapefruit juice. Ice. Simple. Refreshing. And it tastes like freedom. Here's the thing… The best traders know when to STOP. So go outside if you can. Touch grass. Smell the flowers.   (I just picked those up today).   And if you

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The Fattest Bar on Your Chart

Most people see resistance on a chart and back away. I get it. Price runs into a level, gets rejected, runs into it again, gets rejected again. Why would you want to be there? Here's when I want to be there. I was looking at Spectrum Brands (SPB) yesterday and it's sitting right at its point of control, which is just the price where more volume has traded than anywhere else on the chart. It's where the most shares changed hands, so it's where the most people have a position and an opinion. Price hitting that level is normally where things stall out. But when something is pressing into the point of control and there's real participation behind it, you're looking at a spring getting compressed instead of a wall. It's like a jack-in-the-box, and the longer it coils under there the harder it pops when it finally goes, because

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(New Video) I Have A Running Joke That I Don’t Trade This

Okay so I have a running joke with my members that I don't like trading oil. The reason is that oil barely cares what the chart says. You can find a gorgeous technical setup, feel great about it, and then wake up to some geopolitical thing that sends the whole sector one way or the other and none of your levels matter anymore. So I mostly leave it alone. Except this one keeps getting requested, it's trending, and when I finally pulled it up I understood why. Bull flag after bull flag going back months, and volume kicking in hard on the most recent breakout, which tells me buyers want it at these prices. And then I saw the pattern that gets me excited, which also happens to be the one most people read completely backwards. I walked through the whole setup in a video. Where the measured move lands,

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