Yesterday’s price action exhibited textbook characteristics of a ‘trend day,’ and analyzing the action can help you spot the conditions that lead to a trend day earlier and trade more effectively as a result.
First, let’s discuss what a trend day is and how we might detect it early.
We define a trend day as an occurrence […]

Today’s price action in the major US Indexes can only be described as “wild.” The day began with an upside gap, continued with a failed gap-fill attempt, experienced rallies to new (intraday) highs, and then a massive selloff which gave way to a massive rally into the close. Traders were left with their heads spinning […]

Dr. Bruce Hong at TraderPsychology posted an excellent series regarding the crucial factor of Writing a Trading Plan and I wanted to call attention to this extremely helpful series of posts.
I’ve heard it said that a vast majority of market participants do not have a written trading plan that they developed themselves, and that having […]