Author: Scott Hoffman

Chinese new loan growth showed a significant slowdown in May.  This, coupled with a weak Japanese machine orders report put some weight on the Yen.  European Foreign ministers are trying to hammer out a workout to the...

One of the main concepts of the Taylor Trading Technique is the use of a “reference price” to determine market action.  On a “normal” TTT day this is the previous session high and low.  You use...

I like fishing.  When I was younger I fished a lot; my dad and I used to go up to Canada every year to fish for a week.  Fishing and trading differ in that with fishing, you usually don’t have pictures of the one...

As I commented last week (read that post HERE), I like trading the grain futures markets, especially breakout setups.  Unlike a market that trades nearly around the clock (like most financial futures), grain futures trading...

Yesterday I wrote a blog post about Occam’s Razor for trading – how simplifying your trading approach my make you a better trader.  Occam’s Razor has led me to base most of my trading off price itself...

Over the weekend I got an email from a trader who follows the Taylor Trading Technique as he learned from Linda Raschke.  He asked me whether I use indicators for trading with the TTT and whether I recommended their use...

Markets were kind of quiet overnight.  Asia was especially quiet as China had a holiday today.  Apparently China didn’t raise rates overnight as Chinese media was reporting.  Europe was quiet as well; there...

In trading the futures markets I like looking for breakout setups that occur ahead of a known event then trading the breakout move that occurs in response to the breakout setup / stimulus. The monthly employment report is often...

The previous post was kind of convoluted; this one is more straight forward.  There was a breakout setup in gold futures today; yesterday had the narrowest range of the previous seven sessions and it was a doji.  We...

There are times where we may miss an ideal entry for a Taylor Trading Technique – the violation and reversal of either the previous day high or low has already come and gone, or a market never reaches the reference...