TRADERSMARTS: May 2015

Sunday, May 31, 2015

Euro and Oil - Friday May 29, 2015

6E TS TradePlan Euro Chart Review - Friday May 29, 2015

CL TS TradePlan Oil Chart Review - Friday May 29, 2015

Charts shown with the TS TradePlan Indicator for NinjaTrader

Precise Trading Plans and Trade Alerts for the E-Mini S&P-500 (ES), E-Mini Dow (YM), Euro (6E), Oil (CL) and Gold (GC) — Click Here to Access

Thursday, May 28, 2015

CL TS TradePlan Oil Chart Review - Thursday May 28, 2015

CL TS TradePlan Oil Chart Review - Thursday May 28, 2015

Why the private client feed?

Charts shown with the TS TradePlan Indicator for NinjaTrader

Precise Trading Plans and Trade Alerts for the E-Mini S&P-500 (ES), E-Mini Dow (YM), Euro (6E), Oil (CL) and Gold (GC) — Click Here to Access

E-mini Dow (YM), E-mini S&P-500 (ES), Euro (6E) Oil (CL) TS TradePlan Chart Review - Wednesday May 27, 2015

YM TS TradePlan E-mini Dow Chart Review - Wednesday May 27, 2015

ES TS TradePlan E-mini Dow Chart Review - Wednesday May 27, 2015

CL TS TradePlan Oil Chart Review - Wednesday May 27, 2015

6E TS TradePlan Euro Chart Review - Wednesday May 27, 2015

Charts shown with the TS TradePlan Indicator for NinjaTrader

Precise Trading Plans and Trade Alerts for the E-Mini S&P-500 (ES), E-Mini Dow (YM), Euro (6E), Oil (CL) and Gold (GC) — Click Here to Access

Tuesday, May 26, 2015

E-mini S&P-500 + E-mini Dow TS TradePlan Chart Review - Tuesday May 26, 2015

ES TS TradePlan E-mini S&P-500 Chart Review - Tuesday May 26, 2015

YM TS TradePlan E-mini Dow Chart Review - Tuesday May 26, 2015

Sometimes real-time insight can be given in the Private Client Feed that is not available in TS TradePlan.

Charts shown with the TS TradePlan Indicator for NinjaTrader

Precise Trading Plans and Trade Alerts for the E-Mini S&P-500 (ES), E-Mini Dow (YM), Euro (6E), Oil (CL) and Gold (GC) — Click Here to Access

Trade What You See, Not What You Think

We've all heard the phrase "trade what you see, not what you think" but what does it mean?

Well, to me it means to trade what is happening now vs. what is likely to happen next! As traders we have the tendency to anticipate what is likely to happen "next". After all, the best traders do anticipate what is likely to happen and what they are going to do IF price goes to A or B.

But oftentimes we get stuck in the "if-then" mentality. If price gets to this spot I'll do this. How many missed trades do we have waiting on price to get to our level. If anticipating a move into an area ... why not position to capture that move .. then stalk a trade keyed to the area if it makes sense once price is trading there.

People do this all the time with the Execution/Target Zones. Wait on a move into the one of the Zones to execute instead of targeting a move to the Zone. This is why they are called Execution/Target Zones. If they were just for executions (entering new trades) they would be called Execution Zones.

We have to trade what is in front of us. This may sound counter-intuitive to my # 1 quality of top traders but it is not.

I know I'm guilty of this myself. It is why I am writing the post. I am going to make it a point to trade what is in front of me. To be aware. To operate in the present.

We analyze the past to determine what is likely to happen next. What the market is currently trying to do. We must operate (execute) from this (current) place. Not a distant price in the future. We must be present.