Author: Erik Solomon

Over the past few months the market has been basically directionless.  This lack of direction from the markets has made trading with conviction a little difficult.  Trading day in day out has been more of a stocks...

Today CHK (Chesapeake Energy) had a great breakout trade unfold that generated great profits if anticipated and traded properly. Looking at the daily chart we can see how the trade scenario is developed. Over the past two...

Today I made a mistake getting out of an good trade to soon. Letting the lack of movement in my direction from market and internals to justify the reason I got out…when in reality there was no reason to exit the trade.Now...

Going into today preparation was the key.  Talking with most of the traders on our desk, last week was a very frustrating week.  I know for myself the important thing was to not get frustrated, review the week, and...

I want to talk about a trade set up that I see play out numerous times in my trading. I am talking about buying previous or two day lows in a strong stock that might show some short-term intra-day weakest (reverse for shorts). I...

This can be a very difficult time to trade if you are not selective and follow your plans using all the tools to make an informed trade decision. As stated in the previous post. The SPY is at a critical area (near 113.00-113.20)...

Often throughout the post we talk about indicators we do and don’t want to focus on to feel confident in our trade ideas.  Today the pieces of the picture came together for long bias trade ideas.  One particular...

Fridays price action in the markets were whipsawed with the SPY selling off in the morning to test the 104.50 lows of the week to only turn around and close the 106.50 resistance. Looking at the SPY daily chart it seems if we...