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Yes -- as others have indicated, this is intuition. Malcolm Gladwell's book "Blink" discusses this concept. The issue with intuition is making sure that it's not "into wishing" or just a bias you have. George Soros uses back pain as an indication that something is wrong with his portfolio...

11/22/2018: Listening to a podcast with Linda Raschke. She reinforces the idea of multiple time frames and higher time frames control. As a discretionary, pattern-based / indicator trader, I believe it's important to combine certain indicators in a systematic way -- something I call...

Some great insights here. Unlike a lot of the market psychology stuff that is out there, I don't believe in a certain "randomness" to the market. I have never lost money on a trade that was due to market "uncertainty." In ALL cases, the reason I lost was how I approached and handled the...

11/22/2018: Took an overnight long trade in EURUSD. Due to some time constraints I entered the trade later than the 5:00 p.m. market close. Analysis was correct but I put in too tight of a stop and got stopped out. This was a case of self-protective instincts being a factor and trading not...

Thanks for your response and not taking offense to my comment. I just felt you were making a lot of assumptions and arriving at conclusions that may not be true -- or at least not true for everyone. For what it's worth, I prefer trading futures over stocks and I will explain some of the...

I don't mean to be disrespectful, but you seem like a person who is more interested in being right than making money.

11/21/2018 (last 1/2 hour of trading day update) S&P found resistance at its 20-period MA on the hourly chart / also the 100-period MA on the 30-minute ES. No follow-through on the earlier market strength. As indicated, we're getting into a more bullish seasonal weekly cycle so continuing to...

11/21/2018 (intraday update): Bias is long for today so made 2 futures trades. Entries / exits were not ideal but somewhat limited by my time limitations: Trade 1: Entry: 2658.75 (10:00) Exit: 2660.75 (10:02) Trade 2: Entry: 2663.25 (10:06) Exit: 2665.00 (10:25) Trade 2 was not one I'm...

11/21/2018 (additional insights): Attaching the weekly NDX chart as of 11/20/2018 close showing the oscillator divergences which had started forming at the beginning of the week.

11/21/2018 (Pre-Market): Stock market futures are up nicely pre-market. I expected an up day but thought was a little too cautious given the downward momentum and didn't enter at the close, thinking we could open down first. Nasdaq 100 had the best oscillator pattern going into today and a...

Well, you're talking about 2 different things -- income and net worth. On the income side, Tony Robbins took a concept from Sir John Templeton about using "buckets" for a portion of your income. Robbins recommends (as many others), that first you allocate 10% to charity. The next 10% then...

11/20/2018: Market opened down today. Because of this and some oscillator set-ups on my daily charts, I traded long S&P futures (as my indicators suggested the potential for intraday reversals in the morning) using fib-based price targets for entry and loss of momentum for exit. Spent more...

Market View for Week of 11/18/2018: Stock Market: Monthly Momentum: Negative Monthly Oscillator Reversal Signals: No - currently suggesting weakness for December Weekly Momentum: Negative Weekly Trend: Down Weekly Oscillator Reversals Signals: No Daily Momentum: Mixed Volatility...

This trading journal will cover the following markets using multiple time frame analysis of my custom momentum and oscillator indicators (Monthly to Intraday): Stock Market: S&P 500 Nasdaq 100 Russell 2000 DJIA Commodities: Gold Gold Miners Crude Oil Bonds: 30-Year Government Bonds / TLT...

I think you nailed it. As a periodic options "buyer" (just puts and calls), my rationale for buying options is because I can take a position and know my maximum risk at entry. Options selling just seems like you're playing with fire. That being said, a lot of lives just got turned upside down...

That time period was tough but I always have some key momentum indicators that I use that generally keep me out of major trouble. Between Jan 30-Feb 1, it was clear that there had been a momentum shift. My advice is just play around with some and see what ones make sense to you.

Forex has been the most difficult market for me to figure out -- there are just some crazy movements that always took me out of trades. For years, I couldn't make any money at all in Forex. It seemed like nearly all of my trades were losers, and my winners were small. However, I seem to have...

Maybe I'm missing something, but I can't see how going long that stock was a low-risk, high probability strategy any way you look at this. Again, you have to look at the bigger picture. What he thought was a breakout was a rally of a laggard into resistance -- go across the chart and look at...

Ah! You're never going to feel assured. In fact, that's one of the keys to trading is that the best trades are very uncomfortable. Lots of folks preach the concept of "confirmation" in trades, but personally I feel you miss the best trades because you want to feel "comfortable." "Learn to...

I applaud you for being disciplined. However, I'm not sure that I would call this a good trade. From my perspective, trades should either be low risk, high probability and preferably both. You may have thought it was a breakout but the reality was that it was a weak, downtrending, overbought...