Legendary trader Richard Dennis said:
“You don’t get any profit from fundamental analysis. You get profit from buying and selling. So why stick with the appearance when you can go right to the reality of PRICE?”
That’s why professional traders can make a consistent income with nothing but a blank chart…
Price is the foundation from which a successful, long-lasting trading methodology is created.
…and once you understand it, you’ll see it’s the closest thing to a “holy grail” for trading the markets.
Now this doesn’t mean you can’t use any indicators.
And I do.
However, only a few indicators actually support price action.
And when used correctly, they make your analysis even easier.
See which indicators I use below…
The first rule my dad (and mentor) shared with me was: “Everything you need to know can be found in the chart.”
It took me years of plotting charts by hand before I understood exactly what he was talking about; however, before long, I began to see predictable, repeatable and reliable chart patterns.
Patterns that represented buy and sell signals…
…patterns that told me when a trend was beginning and ending…
…patterns no one else seemed to see.
Until one day it all clicked and I finally had the edge I hoped for…
Boy it’s been a long time since I put out a live trading video, so here you go…a long E-Mini S&P 500 (ESU16) trade that made a few points. Be sure to watch the video for all the details.
Be sure to also sign up for my free webinar I’m giving on Wednesday at 1pm ET.
Featuring Dr. Reid Weekly Video
On today’s video I go through three potential stock trades that are setting up for tomorrow; CHRW, AAPL and TAP – be sure to watch the video for the exact trade details for each potential play. Have a great evening and I hope the video helps.
I know it’s been a long time so I’m going to start posting a lot of videos like I used to do. On today’s video I have a potential long trade set up on the stock HAS – be sure to watch the video for all the reasons why I’m looking for this trade to set up tomorrow. Have a great evening and I’ll be back with you tomorrow.
Just a quick 4th of July message from me to you 🙂
No matter where you are in the world – or what you may be celebrating – have a wonderful and safe weekend!
On today’s video I decided to use my webcam to try to spice things up a bit…don’t get alarmed 🙂 Don’t forget about the webinar we’re putting on tonight where we are able to elaborate more on what I talk about in today’s video – hope to see you LIVE tonight!
On today’s video I show you exactly where we had some great E-Mini S&P 500 (ESU16) futures trades and why we decided to hold an emergency webinar for tomorrow night entitled, ‘Beat the BREXIT Bear‘. Have a great day and hope to see you tomorrow night.
On today’s video I show you a simple trading strategy that you can start applying pretty much immediately – be sure to watch the video for all the details.