Monthly Archives: July 2011
I will take a two week break to attend a meeting of a group of economists, investors and fund managers held in an island somewhere in Europe and I all also visit friends in England and Italy. I will have no time to answer emails during that … Continue reading
As of the close of Thursday, July 28, 2011, p-indicator results indicate high probability for a significant move in QQQ. Specifically, the numbers show a large positive bias with moderate significance for all target/stop pairs used.
In my last post I talked about the QQQ gap at the open of Tuesday, July 18, 2011, and that it was very possible that it will be filled, triggering at the same time a broader market correction. The market demonstrated a … Continue reading
There is a gap in the daily QQQ chart left behind five days ago, at the open of Tuesday, July 18, 2011. The open price was $58.09 and never moved lower. As a result the low of the day was … Continue reading
I receive several emails each day with questions about Price Action Lab, the program I use to identify price patterns and perform indicator calculations for my blog. The short answer is that Price Action Lab is a program that discovers automatically … Continue reading
The simplest kind of intraday trading is to initiate a position at the open of the day and exit at the close. Although it sounds simple in principle, this type of trading requires good timing of entries to maintain a high profit factor. … Continue reading