The purpose of this blog is to provide a comprehensive compilation of articles and posts which have been of great help to me in the past, or that I find very insightful, wise or containing a great deal of useful knowledge.

The original author of the text will be mentioned, so that those who are interested in the subject can explore it deeper.

The blog will consist out of several categories, some more theoretical, other containing charts and analysis.

Finally, this blog is, in a way, a continuation of the journal
I started in the public section on another site.

Reversals (Mark Douglas) Posted 05-14-2008 at 07:54 AM by firewalker After a certain period of time, you can notice how trending markets will develop a certain rhythm and flow, making the price movement look very symmetrical on a bar chart. You really don’t have to know why this is so, you just have to notice that it exists. When this flow is broken (the market trading above or below a significant trend line), it is a good indication the balance of the market forces has shifted. Then ask yourself, what is the likelihood the shift will gain hold and continue trending... Continue reading... firewalker

Posted in Theory Comments 0

Analysis 4: April 30 Posted 05-14-2008 at 07:41 AM by firewalker Today we opened slightly below resistance around 12875. I took a short (red dot) because it looked like price rejected this area at "1". I should note I had a strong bias towards the short side today which might have influenced my opinion to do so. Price moved sideways for the next 30 minutes on decreasing volume, but than at "2" it looked as if we were going to move down finally as volume came in. By the action that followed, it seemed as stopping volume though,... Continue reading... firewalker

Posted in 2008 Dailies Comments 0

Analysis 3: April 23 Posted 05-14-2008 at 07:40 AM by firewalker The volume peaks are most important today and are very pronounced, they can't be missed. Focus on what happens to price and where the bars close and you'll not the volume clearly has effect on what happens next. We haven't had much distribution. So if we are going down again it's likely we will try and unload some more at the top of this range. In fact, that's what we've been doing today. Keep paying attention to the volume that reaches up to or above 12800. If this was 'good buying'... Continue reading... firewalker

Posted in 2008 Dailies Comments 0

Analysis 2: March 11 Posted 05-14-2008 at 07:40 AM by firewalker A huge rise occurred exactly at 1330 (GMT+1). At that time the trade balance figures were released and on Forexfactory this was marked as "potential high volalitity" figure. There was already an uptrend in place on the DOW (premarket) which started from the previous day's low. If one had placed his stop below the TL, they would've captured the ride up. Ofcourse, that'll probably be a big IF for most people...and I wasn't trading premarket myself at that time. ... Continue reading... firewalker

Posted in 2008 Dailies Comments 0

Analysis 1: February 22 Posted 05-14-2008 at 07:34 AM by firewalker This is a DIA chart, but it's a near perfect proxy for the YM. The prices are the same, just 100 times as big. But Bigcharts unfortunately doesn't provide volume for the indices, so I used the DIA. Anyway,... So here we open today with price hovering at resistance but - having had other things to attend to at the moment - I wasn't around to watch the open and hence missed the short at 1. At 2 price broke what I considered to be support (blue lines), but I didn't short... Continue reading... firewalker

Posted in 2008 Dailies Comments 0