Welcome back. Enjoy this latest article and then scroll down and please leave your comments/reactions at the bottom of this post. Thanks for visiting again!

All good things must come to an end, and this is the last in our series of 5 articles on Floor Traders and what they have to teach us about emini day trading, buying stocks or Forex and trading in general.

The original reason for creating this series was that I received a lot of emails from readers asking me to teach more about how the floor traders are screwing them over, and how they could ever compete with that elite group.

My hope is that while I personally hold pit traders in high esteem (it’s a tough job as I think you can see now), they are not necessarily smarter or better than you, and many of the advantages they used to enjoy are fading away … like the pits themselves.

So respect them, but don’t be intimidated by them … and certainly don’t blame your lack of trading success on them.

Rather than posting another video, I’m going to use this final post in the series to refer you back to a blog article I made back on April 15 of 2007 about my first visit to the CME (Chicago Mercantile Exchange).

I received a lot of great feedback on that post and it’s still one of my old articles that remains firmly in my memory even 2 years later.

The title of this post was simply “ME” and you can read it here:
http://www.topdogtrading.com/?p=18

… and if you are disappointed I didn’t post a video this time, here’s a video of actor Robert Downey Jr. visiting the floor of the NYMEX. At the end of the visit he gives his candid impressions of the experience. I’m just putting a link here rather than embedding the video because (be warned) there is some very, VERY colorful language!

If interested, you can check it out the video here:
http://www.youtube.com/watch?v=Dtc58sTsTpE

Please leave your comments below.

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One of the most common questions I’m asked is how day trading trends are to be evaluated when looking at more than one time frame.

The day trader will be looking at a chart and see the trend is up (for example), but then they look at a chart of another time interval and they see that it is down.

This is very confusing and they ask me which is the “REAL” trend?

I hope this video will help bring clarity to the issue not only for those who are asking how day trading trends are determined, but also for swing trading and even investing trends.

One extra comment not addressed in the video – while I look at the trend on a higher time frame, I actually find it more important to make sure I’m trading in the direction of the momentum and cycle of the higher time frame. These are faster energies and allow me to trade more frequently than if I waited for the trend to align on both time intervals concurrently.

As always, please leave your comments below after viewing the video.

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A couple of my articles were recently accepted and published by eSignal Learning.

These articles have to do with some advanced techniques for trading the famous Head and Shoulders pattern.

A lot has been written about this chart pattern, but there are some things I have learned from professional traders that I’ve never seen in any book. I’ve gathered several of these lessons and put them in a 2-part article series entitled:

How Pros Make Profits Head and Shoulders above the Amateurs…and You Can Too.

Both parts are now published and live at the eSignal Learning Site and you can access them here:

Advanced Head and Shoulders Trading Part 1

and here:

Advanced Head and Shoulders Trading Part 2

These principles for technical analysis apply to the pattern found in stocks, forex or futures.

After reading the articles please leave your comments or questions by clicking on the green “Comments” link at the very bottom of this entry.

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A student recently wrote and asked me a couple questions which have been asked before, so evidently there are a lot of readers wondering the same things. I’ll answer the 2 questions with 2 different videos.

Today – Part 1: How to improve your successful day trading.

Stay tuned for Part 2 of this video.

Please leave your comments by clicking on the green “comments” link at the very bottom of this entry.

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