Declining Volume
After a narrow range yesterday, the market made two tests of the top before turning down over the lunch hour. There was declining volume on the second test, but at that time it looked like the entire...
View ArticleWaiting for the Fourth of July
Today was an up day with minimal pullbacks, but it certainly looks like more consolidation on a longer term chart. Starting with a 45 minute time frame (today is only the last nine bars) we stalled at...
View ArticleTrendline Resistance Becomes Support
Last Tuesday’s commentary left price just under a downtrend line (shown today in yellow) on the 45 minute chart. Since that level had also completed a potential A-B-C with “C” pausing at 62% of “A”, it...
View ArticleSummer Trading
The market made an immediate reversal just after today’s opening, and declined for the next 30 minutes to the eventual low. Without any pauses there wasn’t much chance for a safe entry. And without any...
View ArticleExternal Retracement Reversals
After opening with a small gap above yesterday’s high, the market immediately reversed on the first one minute bar and closed the gap (not shown.) That looked like a Spring setup, but there was no...
View ArticlePullback Volume
Evidently the market decided it wanted to spend some more time working inside the daily rectangle. In fact, today we dropped back almost to the center of the pattern. With a gap down opening, price...
View ArticleTo Trade, or Not To Trade
Once again we got through the first hour without a setup that fit the trading style I show on this blog. Unfortunately, during summer trading that happens much more often than I would like. It’s not...
View ArticleGradual Trend Day
There are several types of trend day, some easier to trade than others. Let’s start with the overall picture (15 minute chart), and then look for potential entries on the trading chart. After the gap...
View ArticleDecision Time?
For those having trouble accessing the site yesterday, evidently the server holding Trading What I See was having high load issues. It took me several hours to post yesterday’s comments. When I...
View ArticleAll Good Things …
[NOTE: The site crashed in early January 2011. I just did a quick fix, so there may be some items that no longer work - Lowell] After almost a year of writing Trading What I See, my daily commentary...
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