Gold is Starting To Glitter Again

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Gold is Starting To Glitter Again

Gold is back on my radar again, and is starting to glitter again. Today, after a long bearish trend, we saw a glimmer of bullish hope. I show you my analysis in today’s video.

The daily GLD (gold ETF) today showed a very nice bullish reversal bar. Technically, it isn’t very strong, but historically, it has proven to produce up to 4 points of correction.

In addition, the $HUI (Gold Bugs Index), which is well known as a leading gold indicator, also signaled a bullish reversal. And the GDX, gold miners ETF, like their brothers, signaled a bullish reversal bar on the daily charts.

While these might not be full blown key reversals, they do shine a bullish light on well beaten down gold market.

Gold is starting to glimmer again, and I expect to see at least 4 points of correction, and at least 3 -5 days of bullishness. Learn to trade the Hawkeye way.

Learn to trade the Hawkeye way.

Click Here for the Free Book (The Lost Art of Volume Price Analysis)

Or for a Trial of the Hawkeye Trading Software

Join Randy in the next free LIVE Hawkeye Demonstration Room held every Wednesday at 9.30am EST US. You will learn more about volume and volume price analysis and see more examples and live trade setups. It is open to all.

Click this link for more information or to join us in class.

Learn to trade the Hawkeye way.

My Favorite Way to Spot Reversals

Volume is the key to everything I do. In today’s video, I share with you my favorite way to spot reversals using volume. I think you will like it.

The example I use is $SLF, Sun Life Financial Services. Using a daily chart, I show what I call a price extension on opposing volume. What this means is price has extended into new local highs and has closed with opposing volume – that is, volume that is against the direction of the trade.

When you see this occur, there is a high probability that price will reverse. Now, it may be a small correction, or it may be a key reversal. Either way, it’s a great indication of price changing directions. That’s why it’s one of my favorite ways to spot reversals.

Learn to trade the Hawkeye way.

Click Here for the Free Book (The Lost Art of Volume Price Analysis)

Or for a Trial of the Hawkeye Trading Software

Join Randy in the next free LIVE Hawkeye Demonstration Room held every Wednesday at 9.30am EST US. You will learn more about volume and volume price analysis and see more examples and live trade setups. It is open to all.

Click this link for more information or to join us in class.

Learn to trade the Hawkeye way.

Take the Guessing Out of Trading

In today’s video update, I want to show you how to take the guessing out of trading. Using Hawkeye’s suite of powerful tools, we show definitive entries and exits. This forms the basis of building a trading plan on a solid set of rules. Today’s example is from the daily S&P 500 e-mini futures contract, ES.

Hawkeye uses trend, volume and momentum together, over multiple timeframes, to help any trader know when to make the trade. Coupled with multiple-timeframes, this provides the key element in the decision process. Gone are the days of guessing whether the trade will work or not. Put probabilities on your side, and stop the guessing game. Learn to trade the Hawkeye way.

Click Here for the Free Book (The Lost Art of Volume Price Analysis)

Or for a Trial of the Hawkeye Trading Software

Join Randy in the next free LIVE Hawkeye Demonstration Room held every Wednesday at 9.30am EST US. You will learn more about volume and volume price analysis and see more examples and live trade setups. It is open to all.

Click this link for more information or to join us in class.

Learn to trade the Hawkeye way.

$TSLA Gave 30% Gain

In a follow-up to my previous post on TSLA, I show how simple rules yielded a nice 30% gain in $TSLA. When volume and price work together, it is a powerful thing. In my previous blog, I said to watch for volume to support any move. Well, here are the results of today’s market update.

With building volume and price, TSLA gave a very nice bullish break of the congestion channel and consolidation wedge formed on the daily chart. This was confirmed with a “double-dot” Hawkeye Roadkill buy signal. Since my price target was projected at $280, a $257 entry would be a 10% target. A 5% risk would be a 2:1 ratio.

But that was not the end of the story. After earnings, $TSLA went on to beat expectations, and price drove up to $340, or about a 30% gain from the signaled entry point. With a 5% risk, that was over 5:1 reward:risk ratio.

I show these examples and historical updates to help you see that following simple rules can lead to good potentially great profits. Learn to trade the Hawkeye way.

Click Here for the Free Book (The Lost Art of Volume Price Analysis)

Or for a Trial of the Hawkeye Trading Software

Join Randy in the next free LIVE Hawkeye Demonstration Room held every Wednesday at 9.30am EST US. You will learn more about volume and volume price analysis and see more examples and live trade setups. It is open to all.

Click this link for more information or to join us in class.

Learn to trade the Hawkeye way.

Boredom is Catastrophic to Trading

Boredom in trading

By Guest Contributor, Michele Hurlbut

Hi Everyone.

The markets have been a bit schizophrenic these last few weeks. They are moving along at a snail’s pace and then they have these sudden surges of activity that subside as quickly as they come and back to snail’s pace again.

In addition to watching out for the sudden volatility, you also have to fight the boredom as boredom is catastrophic to trading.  

Of all the places boredom is not welcome, trading is where it can bring the most damage. In my lifetime, I have done some really interesting things so that I wasn’t bored any more; some good, some not so good.  And when it comes to trading, some really bad……

How does boredom show up in trading you may ask? 

Have you ever been waiting for your set up and it seems to be taking forrrrrevvvver? 

All of a sudden, you glance over at your email that may be open on the other screen or start ‘chatting’ with a friend or trading buddy.  Next thing you know, five minutes have done by. You look over at your trade screen and your set up has passed you by.

Then you may start getting ‘irritated’ (my word, you may have another.)  That ‘irritation’ may lead to revenge trading or worse, calling yourself all sorts of names that don’t help the situation. Or, maybe you’re bored and so you start looking for ANY trade you can take just to DO something. (Naw, you’ve never done that, she says tongue in cheek.)  Ok, maybe you haven’t, but I can honestly say that I have. And on more than one occasion in my trading life time.

Boredom is catastrophic to your trading because it costs you 1) Opportunity and 2) Money!

And none of us want that. 

Oh, but I can watch the markets and answer emails, you say to this newsletter as you read it; I’m a good multi-tasker.  Be honest with yourself, are you really?

You are the only one you have to answer to and you are also the only one that knows your reality.  Many studies have shown that, while we can multi-task and get things taken care of, we can not FULLY FOCUS on more than one task at a time. And when you are trading, you want to be FULLY FOCUSED on your trading and the gyrations of the market that make you money. 

The reason I bring all this up now is because I got bored the other day while watching my charts and waiting for my 3-Step Entry to appear.  It felt like it was taking forever!!  

You may remember me talking a couple blogs ago about Every day be a better version of you.  I still practice that daily, and today I identified how boredom creeps into my trading day.

So I spent some quality time watching my charts and experiencing what my body and mind want to do when it thinks I am bored.  I have to say, it was quite interesting being the outside observer.

I noticed my concentration wandering time and time again, thinking about checking my emails or Skype to see if there was someone I could talk to. I had to consciously will myself not to do those things as I know how they take my focus off the markets. 

If I am not fully focused, when I hear the signal set up, I do not take the care I need to to make sure the signal is a good one to take. While software can guide us, only the human mind can see the big picture and that takes focus!  

I also recognize that sometimes we have to keep our hands busy and so I came up with a few ideas:  Shell pistachios, skin soaked almonds to make your fresh almond milk, play with a slinky, squeeze a grip strengthener, play with worry balls.  Anything to mindlessly occupy your hand.

The key word here being ‘mindless’. I am sure you can think of a few others and I hope you do.

Disclaimer, I thought about adding yoyo to the list but it is not as mindless as one would think and you have to look away from your charts to untangle the mess that was just made 🙂

I hope you discover what ‘boredom’ looks like in your trading so that it will not be catastrophic to your trading career.

Great trading everyone and speak with you again soon.

 


 

Join Randy in the next free LIVE Hawkeye Demonstration Room held every Wednesday at 9.30am EST US (next session postponed until Wednesday, November 7th). You will learn more about volume and volume price analysis and see more examples and live trade setups. It is open to all.

Click this link for more information or to join us in class.

Learn to trade the Hawkeye way.

Randy Lindsey
Hawkeye Traders, LLC

Trading the News Safely

Yesterday we had a very crude conversation about crude oil. I shared the Hawkeye Perspective on what to look for, and how to watch for the trade setup. Today, I show exactly how it played out, hitting both the upside and downside targets I gave you yesterday.

Trading the News

The 3 minute price bar defines the range of the reaction of price to the news event. With patience, I show how volume led me in the direction of the trade setup, and the resulting profit potential. Again, volume shows the reversal and the market’s intent.

The Hawkeye Roadkill identified when the higher timeframes aligned with my 3 minute chart. This alignment setup, following our 3 Step Entry Method, showed how even more profits could have been made – just following the rules.

In summary, if both trades were taken with a single contract, the potential results would be $140 on the first trade and $440 on the 2nd. If 3 contracts were traded, the results would be $420 on the 1st trade and $1950 on the 2nd. Learn to trade the Hawkeye way.

Click Here for the Free Book (The Lost Art of Volume Price Analysis)

Or for a Trial of the Hawkeye Trading Software

Join Randy in the next free LIVE Hawkeye Demonstration Room held every Wednesday at 9.30am EST US. You will learn more about volume and volume price analysis and see more examples and live trade setups. It is open to all.

Click this link for more information or to join us in class.

Learn to trade the Hawkeye way.

A Very Crude Conversation

Today, I want to have a very crude conversation with you. Uh, crude oil that is! Crude oil inventories are out today and I want to let you know the Hawkeye perspective. Here is my video update for today:

The Hawkeye Perspective

Crude oil is continuing to fall in price in recent history. Ever since the Saudi oil field attacks, the price of crude oil has steadily dropped over $10/barrel. However, I see support has formed and I am getting indications that we might see price rising on the longer term picture.

The weekly and monthly charts show a consolidation wedge formation, with crude oil prices at the bottom of the wedge. If it holds, I expect to see price “bounce” off the lower channel back up to the middle, around the $55-$56 range. The most interesting indication is the Hawkeye Fatboy. It is showing that crude is extremely oversold and starting to build strength.

On the hourly chart, I see a change of character in buying pressure (volume). The London session was very bullish for crude oil. With inventories out today, and the expectation is for a reduction in stockpiles, I look for continued bullishness in price. The Hawkeye Zones puts the price targets at $53.80 and $54.30 to the upside. Downside targets would be back to $52.50.

Yes, it was a very crude conversation, but I trust it was informative. I hope to see you in my training room today. Learn to trade the Hawkeye way.

Click Here for the Free Book (The Lost Art of Volume Price Analysis)

Or for a Trial of the Hawkeye Trading Software

Join Randy in the next free LIVE Hawkeye Demonstration Room held every Wednesday at 9.30am EST US. You will learn more about volume and volume price analysis and see more examples and live trade setups. It is open to all.

Click this link for more information or to join us in class.

Learn to trade the Hawkeye way.

One of My Favorite Trade Setups

In today’s update I share with you one of my favorite trade setups. Of course, volume leads the way, showing the market’s intent and direction ahead of time. But waiting for the trade to setup and knowing when to enter is the key. It’s called patience, and I’ll show you how we do it in today’s video.

Consolidation is the market’s way of telling you trend is about to occur. At Hawkeye, we teach how to identify consolidation. We also teach how to know when consolidation is broken, and a new trend has begun. So waiting for the trade to setup is the key to catching the trend. That’s why it’s one of my favorite trade setups.

When I see a well defined consolidation area, I know exactly how to define the breakout. Then when volume confirms the breakout, and I get confirming entry signals from my longer time frame charts, I’m free to enter the trade. I enter with confidence and with probabilities on my side.

So come to class and learn to trade the Hawkeye way.

Click Here for the Free Book (The Lost Art of Volume Price Analysis)

Or for a Free Trial of the Hawkeye Trading Software

Join Randy in the next free LIVE Hawkeye Demonstration Room held every Wednesday at 9.30am EST US. You will learn more about volume and volume price analysis and see more examples and live trade setups. It is open to all.

Click this link for more information or to join us in class.

Learn to trade the Hawkeye way.

Volatility is Back

Volatility is back. All the major markets have failed to produce new highs. With increased tension all over the world, there are definite signs that October will be a volatile month for sure. Here is my market update:

When volatility rises, markets fall… it’s the nature of the beast. Markets fail on uncertainty and chaos… trade wars, impeachment, regional instability, political crusades, manufacturing declines, etc… All of these create uncertainty in the markets, which increases volatility. Irrational exuberance sets in and people do things unexpectedly.

As a result, the markets usually fall during these times of uncertainty. In today’s update, I show how the major markets have failed to make new highs, and are starting to show downtrends. This may or may not be major moves, but one thing is for certain… October is showing all the signs of a turbulent month. Volatility is rising, and the markets are falling. Make sure you are on the right side. Learn to trade the Hawkeye way.

Click Here for the Free Book (The Lost Art of Volume Price Analysis)

Or for a Free Trial of the Hawkeye Trading Software

Join Randy in the next free LIVE Hawkeye Demonstration Room held every Wednesday at 9.30am EST US. You will learn more about volume and volume price analysis and see more examples and live trade setups. It is open to all.

Click this link for more information or to join us in class.

Learn to trade the Hawkeye way.

Crude Oil is in the News Again.

Crude oil is in the news again, with Saudi Arabia agreeing to a partial cease-fire with Yemen. Crude oil ($CL_F) responded with a 1% drop in prices. How do you view and trade this opportunity? I discuss this in today’s video update.

Using technical analysis, it’s easy to see the manipulation of price in the markets. Prior to the report, Hawkeye volume identified clear buying pressure during the London open. The intent was to bring price back to a region that is attractive to sellers, namely overhead supply. And that’s exactly what happend, as price rallied back to yesterday’s close.

Then it’s very easy to see the selling pressure put at that level. Hawkeye Volume and Hawkeye Zones working together to show the true market intent, over 2 hours in advance.

Supply regions are graphically shown using the Hawkeye Zones. I like to use it on a 60min chart, which I think acts like a “price magnet”.

Once you get a market event that produces a long-range bar (Hawkeye Widebar), we know exactly how to trade the resulting trend. Learn to trade the Hawkeye way.

Click Here for the Free Book (The Lost Art of Volume Price Analysis)

Or for a Free Trial of the Hawkeye Trading Software

Join Randy in the next free LIVE Hawkeye Demonstration Room held every Wednesday at 9.30am EST US. You will learn more about volume and volume price analysis and see more examples and live trade setups. It is open to all.

Click this link for more information or to join us in class.

Learn to trade the Hawkeye way.

Volume in Forex – Seriously?

volume in forex

Today I want to speak about volume, specifically in the Forex market. In Forex, many people say there is no volume, or that volume is useless. I say that if you ignore volume, you are at a grave disadvantage. I show you why in today’s video update.

The Forex Volume Problem
In the spot Forex market, there is no central exchange. Therefore, there is no way to count the number or size of contracts/lots traded at any given time. So, to measure Forex volume, we use tick count (the number of ticks or change in price).

Hawkeye Volume is an indicator that calculates and displays volume based on the principle of Volume Price Analysis. In Forex, we use tick count to approximate volume. This is where Hawkeye is unique, and gives you the edge. We use a complicated algorithm that calculates (with ~80% accuracy) whether there is buying or selling pressure.

Are you a Forex trader? Therefore, if you aren’t trading with volume, you are at a great disadvantage. Learn today to trade the Hawkeye way.

Click Here for the Free Book (The Lost Art of Volume Price Analysis)

Or for a Free Trial of the Hawkeye Trading Software

Join Randy in the next free LIVE Hawkeye Demonstration Room held every Wednesday at 9.30am EST US. You will learn more about volume and volume price analysis and see more examples and live trade setups. It is open to all.

Click this link for more information or to join us in class.

Learn to trade the Hawkeye way.

Tesla $TSLA is on my Radar

Tesla is on my radar

Tesla $TSLA is on my radar. In my video update, I show my reasons why I’m watching this visionary car manufacturer. The fundamentals aren’t so good. The technicals aren’t so good either. But volume and supply/demand zones are showing me a different perspective. That’s why Tesla is on my radar, but not in my account yet.

Fundamentally, $TSLA still has negative earnings and a lot of debt. However, it does produce one of the safest electric vehicles on the planet. Recent news about their SolarCity acquisition have caused the stock to drop quickly… not so good.

Technically, $TSLA is on a monthly downtrend with a target at the $156 Hawkeye Zone. The weekly charts shows it in a tight consolidation range (congestion) between $250 and $212. On the daily chart, we see a congested uptrend that will become a congested downtrend today.

$TSLA is now at technical support ($223). If this price breaks below and closes on a daily chart, I’m looking for $212 as a target. If it holds $223, and with good earnings on Oct 25th, I’m looking for $TSLA to break the $266 highs and target $280. Of course, volume must support this, and it’s easy to see with Hawkeye Volume.

Click Here for the Free Book (The Lost Art of Volume Price Analysis)

Or for a Free Trial of the Hawkeye Trading Software

Join Randy in the next free LIVE Hawkeye Demonstration Room held every Wednesday at 9.30am EST US. You will learn more about volume and volume price analysis and see more examples and live trade setups. It is open to all.

Click this link for more information or to join us in class.

Learn to trade the Hawkeye way.

The Markets are Losing Steam

In today’s update, I look at the overall market in terms of futures, showing that the markets are losing steam. All the signs of short-term weakness are here. Watch my analysis from a Hawkeye Perspective in today’s video.

Using daily charts, and a daily Hawkeye Fatboy, I can easily see the relative strength of the market. While the major US markets are strong, they are overbought, and now showing signs of potential weak trends.

The decorrelated markets are Crude oil and Gold. Crude is continuing a choppy trend of strength. All indications are for this to continue. Gold was oversold, but is now in a trend of strength. Buying volume is in support of higher prices in gold.

Overall, the markets are losing steam and showing signs of short-term correction in price. Knowing the longer trend helps us to know how to trade the intraday trends. Learn to trade the Hawkeye way.

Click Here for the Free Book (The Lost Art of Volume Price Analysis)

Or for a Free Trial of the Hawkeye Trading Software

Join Randy in the next free LIVE Hawkeye Demonstration Room held every Wednesday at 9.30am EST US. You will learn more about volume and volume price analysis and see more examples and live trade setups. It is open to all.

Click this link for more information or to join us in class.

Learn to trade the Hawkeye way.

False Breakouts

False breakout illustration

By Guest Contributor, Michele Hurlbut

Hi Everyone.

A Day Full of False Breakouts

I hope the week is finding your trading going well. 

Today was an interesting day in the markets. What made it so interesting you may ask… 

It turned out to be full of false breakouts. 

I did my morning trading routine starting with looking at my higher time frame charts and noticed the YM (12-19) contract was moving back and forth between two 60 minute zones.

Trade Chart 1

Determining Direction

Today was Friday and it was also contract rollover time so I was not surprised by the range. But which way was it going to break? I had no way of knowing…

As the markets opened, I watched volume and price action just like the Trade Plan says. Watching for the Hawkeye indicators to line up and give me a signal per my rules.

After some time, the market gave what some would think was an indication that it had picked a direction to the downside based on a breakout of the opening range.

Well, the Hawkeye indicators told me to hold off and wait.

Hawkeye Volume

Avoiding a False Breakout

Hawkeye showed a signal on one time frame but the volume on the second time frame indicated that this move may not advance further.  And, as you can see by the following price action, it didn’t.

It was a false breakout that did not get me!

This day ended up being a range day in the YM market with only false breakouts at both sides of the range.  Following my plan and the Hawkeye 3-Step Entry criteria, I stayed safe.

It was a slow day but I got to keep my money by following my rules.

I hope you did too.

Great trading everyone and speak with you again soon.

 


 

Join Randy in the next free LIVE Hawkeye Demonstration Room held every Wednesday at 9.30am EST US. You will learn more about volume and volume price analysis and see more examples and live trade setups. It is open to all.

Click this link for more information or to join us in class.

Learn to trade the Hawkeye way.

Randy Lindsey
Hawkeye Traders, LLC

The Word for Today is Caution

word for today is caution

Today is FOMC day, so the word for today is Caution. FOMC day is when the Fed Funds Rate is released. This report usually brings a lot of market volatility, especially if changes in the interest rates are expected. We are expecting a reduction of the interest rates by 0.25%, down to 2.00%.

Usually on FOMC day, the markets tend to be range-bound and choppy. Volatility also increases in anticipation of the report.

So the word for today is Caution. If you trade, take profits quickly, and don’t trade just prior to the news. Wait for the trend that comes AFTER the announcement. That is where the real trade begins.

I like to trade 3 minute charts to see the results of news. This way, I can identify and react to the trend that forms based on the news results. Patience is the key, especially when big news events make volatility spike. Learn to trade the Hawkeye way.

Click Here for the Free Book (The Lost Art of Volume Price Analysis)

Or for a Free Trial of the Hawkeye Trading Software

Join Randy in the next free LIVE Hawkeye Demonstration Room held every Wednesday at 9.30am EST US. You will learn more about volume and volume price analysis and see more examples and live trade setups. It is open to all.

Click this link for more information or to join us in class.

Learn to trade the Hawkeye way.

Where can crude oil prices go?

With the Saudi drone strikes behind us, where can crude oil prices go next? And what other markets could the spike in oil prices influence? I delve into these and other questions in today’s Hawkeye update.

Crude oil has spiked up to the first resistance zone around $63-$64, which has contained the initial reaction to the weekend news event. Both Saudi and US officials said they will open strategic oil reserves to fill the supply gap, hoping to curb the rising price of oil. Saudi officials report that the production should be back online within 48 hours.

So the potential for oil to continue to rise, in my opinion, is good. I show two previous highs that mark potential targets for higher oil prices: $67 from the April 2019 high, and $78 from the October 2018 high.

Other implications can be found in the Defense and Energy sector ETFs. The ones I noted are $XAR (SPDR S&P Aerospace & Defense) and $XLE (SPDR S&P Select Energy). I also see intraday potential in leveraged ETFs, like OILU (ProShs UltraPro 3x Crude Oil) and OILD (ProShs UltraPro 3x Shrt Crude).

Click Here for the Free Book (The Lost Art of Volume Price Analysis)

Or for a Free Trial of the Hawkeye Trading Software

Join Randy in the next free LIVE Hawkeye Demonstration Room held every Wednesday at 9.30am EST US. You will learn more about volume and volume price analysis and see more examples and live trade setups. It is open to all.

Click this link for more information or to join us in class.

Learn to trade the Hawkeye way.

Saudi Attack Brings Uncertainty in Crude Prices

The recent attack on the Saudi oil production facilities in Abqaiq and Khurais caused the price of Crude Oil (@CL) to spike. Rising up to 18%, CL prices have broken out of daily consolidation, into overhead supply. This Saudi attack brings uncertainty in crude prices, and I share my analysis in today’s update.

While the daily price has broken our consolidation range, the weekly price has also broken it’s consolidation triangle. This was the bullish move we expected from CL, but definitely not the reason behind it.

It’s difficult to trade when global economic events occur, causing volatility to spike and prices to rise. But with the right training in risk management, you minimize any risk potential and are always ready for unintended consequences.

The potential consequences to this sudden move in oil will be noticeable. Look for oil exporting nations to benefit (CAD) and for oil importing nations to suffer (EUR). Risk-off currencies like USD and JPY will benefit while AUD and NZD would suffer.

Bottom line, the price of Crude will probably stay higher, and continue to increase if the break of supply isn’t fixed soon. This Saudi attack brings uncertainty in crude prices, that’s for sure. But if you know how to manage risk, you know how to trade. Learn to trade the Hawkeye way.

Click Here for the Free Book (The Lost Art of Volume Price Analysis)

Or for a Free Trial of the Hawkeye Trading Software

Join Randy in the next free LIVE Hawkeye Demonstration Room held every Wednesday at 9.30am EST US. You will learn more about volume and volume price analysis and see more examples and live trade setups. It is open to all.

Click this link for more information or to join us in class.

Learn to trade the Hawkeye way.

$OSTK is on My Radar!

Overstock $OSTK is officially on my radar. Today, I came across a post on StockTwits about this renegade company. So I pulled up my Hawkeye charts to see what all the talk was about. I like what I found. Here are the details in today’s update.

Looking at the longer term charts gives me a very good picture of where a stock is at. I like to use the daily, weekly, and monthly charts.

The monthly chart shows a congested downtrend. The weekly chart shows a congested uptrend with signs that today, it will break from that congestion and be in full uptrend. While the daily chart is in full uptrend, it has not given me any signals yet to get on board.

Therefore, Overstock $OSTK is on my radar. I will be watching this former “high-flyer” as it looks to be gaining momentum. Learn to trade the Hawkeye Way.

Click Here for the Free Book (The Lost Art of Volume Price Analysis)

Or for a Free Trial of the Hawkeye Trading Software

Join Randy in the next free LIVE Hawkeye Demonstration Room held every Wednesday at 9.30am EST US. You will learn more about volume and volume price analysis and see more examples and live trade setups. It is open to all.

Click this link for more information or to join us in class.

Learn to trade the Hawkeye way.

UPDATE: As of 18 Sep 2019, $OSTK not only failed to generate an entry signal, it has all but failed… period! It looked good at first glance, but volume on triple-timeframes kept me out of the trade, and in the safety zone!

Crude Oil is Getting Ready for a Big Move

I’ve been watching crude oil for a while now. Today I see signs that crude oil is getting ready for a big move, and I wanted to point it out to you.

On a daily chart, crude oil has been in consolidation for a while. Shown by a series of descending highs and ascending lows, its forming a nice pennant flag. The energy is building as the price “coils up” inside the flag region, setting the stage for the next big move.

The Hawkeye Perspective
According to the 6 Ways teaching we give our students, I identified a bullish break of consolidation. While this technically is called a trend run, crude price still needs to break the Hawkeye stops in order for us to confirm the up trend.

Finally, volume has to be present to support the move. Right now, we see above average buying volume on the daily, and declining selling volume on the weekly. This weekly selling pressure is not producing lower lows in price, which actually is a bullish sign.

Based on this and our Zones indicator, we expect to see a potential move of crude oil back up to 60, 63 or even 74 in time. Learn to trade the Hawkeye way.

Click Here for the Free Book (The Lost Art of Volume Price Analysis)

Or for a Free Trial of the Hawkeye Trading Software

Join Randy in the next free LIVE Hawkeye Demonstration Room held every Wednesday at 9.30am EST US. You will learn more about volume and volume price analysis and see more examples and live trade setups. It is open to all.

Click this link for more information or to join us in class.

Learn to trade the Hawkeye way.

Know When Not to Trade

Know when not to trade

Sometimes you need to know when not to trade. Hawkeye identifies this very clearly using multiple timeframes. I illustrate it for you in today’s market update.

The Hawkeye Perspective
Using the daily, weekly, and monthly charts, Hawkeye Trend shows that all three charts are trend neutral. The monthly chart is in a neutral uptrend, the weekly chart is in a neutral congested downtrend, and the daily chart is in a neutral downtrend. When the trend is neutral, it is a good sign of choppy range-bound trading.

Therefore, it’s good to know when not to trade. Trading during congestion results in weak trends, and choppy price action. It kills trend trading strategies. The Hawkeye Trend was designed to keep you safe, and help identify weak, neutral trends. Learn to trade the Hawkeye way.

Click Here for the Free Book (The Lost Art of Volume Price Analysis)

Or for a Free Trial of the Hawkeye Trading Software

Join Randy in the next free LIVE Hawkeye Demonstration Room held every Wednesday at 9.30am EST US. You will learn more about volume and volume price analysis and see more examples and live trade setups. It is open to all.

Click this link for more information or to join us in class.

Learn to trade the Hawkeye way.

This CL Trade Didn’t Disappoint – CL Continuation Trade

In yesterday’s update, I showed a nice setup trade in CL and said there was more to come. Well, this CL trade didn’t disappoint. It went on to produce $1,430. But that wasn’t the end. Watch today’s update to see where it went.

Following my Hawkeye rules, the trade setup showed a clear entry and multiple exits. I showed in yesterday’s video the 1st exit: $290 in 45 minutes. It went on and produced another $480 in the next hour, and then $660 in the next 10 mins.

I could not stick with the trade, as I had to prepare for a live webinar. However, when I said it had a lot more to give, it had A LOT more to give.

I shared in the Hawkeye Chat Room this text: “CL is continuing to break long… my target is 56.40”. This target was based on the Hawkeye Zones, a dynamic supply/demand zone indicator. And the final stopping point of CL was right at that Zone!

So when I said there was more profit to come, CL delivered. It went up another $1.50, which equates to $1,500/contract. This CL trade didn’t disappoint. Learn to trade the Hawkeye way.

Click Here for the Free Book (The Lost Art of Volume Price Analysis)

Or for a Free Trial of the Hawkeye Trading Software

Join Randy in the next free LIVE Hawkeye Demonstration Room held every Wednesday at 9.30am EST US. You will learn more about volume and volume price analysis and see more examples and live trade setups. It is open to all.

Click this link for more information or to join us in class.

Learn to trade the Hawkeye way.

Trade Multiple Timeframes with Safety

Learn to trade multiple timeframes with safety. Hawkeye teaches how to trade volume and price using triple timeframes. Even when our signals are not perfectly aligned, we still can find great trade setups with confidence. Watch how I identified this Crude Oil setup in today’s video update.

In trading, patience is the key. When you see the faster timeframes setup, you MUST wait for the slower timeframes to align. It just keeps you safe, and out of the chop and noise. Therefore, if you practice patience, you reap the rewards.

By waiting for the proper time to enter, I show the 1st potential target of $0.29 was achieved. This equates to $290/contract, in about 45 minutes time. Plus, there is the potential for more to come by holding the trend. You can trade multiple timeframes with safety if you learn to trade the Hawkeye Way.

Click Here for the Free Book (The Lost Art of Volume Price Analysis)

Or for a Free Trial of the Hawkeye Trading Software

Join Randy in the next free LIVE Hawkeye Demonstration Room held every Wednesday at 9.30am EST US. You will learn more about volume and volume price analysis and see more examples and live trade setups. It is open to all.

Click this link for more information or to join us in class.

Learn to trade the Hawkeye way.

Hawkeye is Bullish on Twitter

Hawkeye is bullish on Twitter, symbol TWTR. Our Roadkill indicator signaled an entry for TWTR last week, but it was in congestion. As a result, we could not enter the trade. But if we get positive price action today, the setup could yield a nice entry point. Watch today’s analysis for more details.

TWTR Analysis
Using triple timeframes, you get a real sense of confidence when you see a trade setup. I show TWTR has a monthly uptrend, a weekly uptrend, and a daily congested uptrend. The weekly chart also shows a really nice cup-and-handle formation which is also a bullish indication.

Volume
Hawkeye volume shows very good accumulation and buying pressure on the monthly and weekly charts. Daily chart volume is not so good, but the volume is OK. If TWTR breaks above 42.69 on good volume, we anticipate price to move back up to the $47 range, with a stop at $41.29. That would give a risk:reward of 1:3, and a potential return of about 10%.

It doesn’t take long to become a Hawkeye Trader. Learn today to trade the Hawkeye way.

Click Here for the Free Book (The Lost Art of Volume Price Analysis)

Or for a Free Trial of the Hawkeye Trading Software

Join Randy in the next free LIVE Hawkeye Demonstration Room held every Wednesday at 9.30am EST US. You will learn more about volume and volume price analysis and see more examples and live trade setups. It is open to all.

Click this link for more information or to join us in class.

Learn to trade the Hawkeye way.

Killer Crude Oil Setup

Today I want to show you a killer crude oil setup that occurred live. Using supply and demand as targets, Hawkeye knows when to look for trades, and which direction to trade them.

In today’s video, I show the setup and trade results possible to anyone using these killer indicators.

You see, Hawkeye is designed with traders in mind. The Hawkeye Zones show active supply and demand zones and they draw automatically on any chart. Hawkeye Widebar gives us rules to trade by that help to keep us safe. Our Hawkeye Trend and Volume show us the direction of the trade and when to enter. Finally the Hawkeye Levels ATR shows us the risk we take, and the profit targets where we exit.

Hawkeye is a complete packge that helps to keep you safe in volatile markets. As a result, you can learn to trade with confidence and precision, regardless of the market you trade – futures, stocks, Forex, cryptos, options, or commodities. Learn today to trade the Hawkeye way.

Click Here for the Free Book (The Lost Art of Volume Price Analysis)

Or for a Free Trial of the Hawkeye Trading Software

Join Randy in the next free LIVE Hawkeye Demonstration Room held every Wednesday at 9.30am EST US. You will learn more about volume and volume price analysis and see more examples and live trade setups. It is open to all.

Click this link for more information or to join us in class.

Learn to trade the Hawkeye way.

Correlation Trade Setup – $1800 in One Hour

Correlation Trade Setup

Hawkeye Fatboy identified a correlation trade setup in the futures markets. This setup resulted in over $1800 in only one hour.

You see, when you identify correlated markets, you can take advantage of the price action in multiple markets at the same time. As a result, you can double or triple your what you normally trade, without being overly complicated.

You can directly measure the energy flow of a market using the Hawkeye Fatboy. It identifies overbought/oversold conditions, in addition to when markets are correlated or not. As a result, you get a very good measure of the market’s intent.

I share this strategy and results in the video update for today. This correlation trade setup is a really great tool if you can identify and act on it. Learn today to trade the Hawkeye way!

Click Here for the Free Book (The Lost Art of Volume Price Analysis)

Or for a Free Trial of the Hawkeye Trading Software

Join Randy in the next free LIVE Hawkeye Demonstration Room held every Wednesday at 9.30am EST US. You will learn more about volume and volume price analysis and see more examples and live trade setups. It is open to all.

Click this link for more information or to join us in class.

Learn to trade the Hawkeye way.

Hawkeye is Bullish on ROKU – Find Out Why

Hawkeye is bullish on ROKU

Hawkeye is bullish on ROKU. Finding bullish or bearish stocks is really easy to do in hindsight. But let me show you how I not only identify great trade setups, but how I manage the trade and build into my position.

Using daily, weekly, and monthly charts, I scan the universe of stocks that meet my criteria for size, price and technicals. I follow the Hawkeye 3-Step Entry/Exit Method to make my selection. Then I apply our Profit Accelerator to build the position at key points in the trade.

Hawkeye uses Volume Price Analysis to show the best setups and how to manage the trades, including exits. You too can identify and say Hawkeye is bullish on ROKU. Learn today how to trade the Hawkeye way!

Click Here for the Free Book (The Lost Art of Volume Price Analysis)

Or for a Free Trial of the Hawkeye Trading Software

Join Randy in the next free LIVE Hawkeye Demonstration Room held every Wednesday at 9.30am EST US. You will learn more about volume and volume price analysis and see more examples and live trade setups. It is open to all.

Click this link for more information or to join us in class.

Learn to trade the Hawkeye way.

Follow up: On September 9th, 2019, ROKU posted an engulfing bearish reversal sell signal (price extension on opposing volume). This is an excellent indication to exit the trade and bank your profits.

Trade ETFs with Confidence – The Hawkeye Way

Trade ETFs with Confidence

Anyone can trade ETFs with confidence. In today’s update, I’ll show you how I use two different stock ETFs to always find a bullish trend in the markets. This is very helpful if you can only trade long, especially in an IRA.

In this video, I show how I use my Hawkeye software to identify bullish trends, whether the overall markets are going up or down. I perform the analysis on two stock ETFs: TNA (Small Cap Bullish 3x) and TZA (Small Cap Bearish 3x). These are leveraged ETFs, so I only trade these intraday, and never hold overnight.

The idea is to identify the overall market direction. If it is bullish, I trade the TNA; if it is bearish, I trade the TZA. Analysing the price and volume using Hawkeye gives me the confidence I need to take the trades to their logical conclusion.

You too can trade ETFs with confidence if you learn to trade the Hawkeye way.

Click Here for the Free Book (The Lost Art of Volume Price Analysis)

Or for a Free Trial of the Hawkeye Trading Software

Join Randy in the next free LIVE Hawkeye Demonstration Room held every Wednesday at 9.30am EST US. You will learn more about volume and volume price analysis and see more examples and live trade setups. It is open to all.

Click this link for more information or to join us in class.

Learn to trade the Hawkeye way.

Volume in Forex Gives You the Edge

volume in Forex gives you the edge

Many people say there is no volume in the Forex market. Hawkeye uses the volume available in the Forex market and shows how volume in Forex gives you the edge. If you trade Forex without volume, you are at a great disadvantage, and are missing out on many trade opportunities.

Volume is the fuel that drives the markets… without it, the markets would be stagnant. But when you identify volume and price working together, you have the key to knowing market direction and intent. While it is true that there is no single source of volume for the trillion dollar Forex market, there is local volume available that can be exploited. Hawkeye uses this available volume, in the form of tick count, and performs the same Volume Price Analysis as if it were true volume. The results are stellar!

Volume in Forex gives you the edge. Come to class and learn more about trading the markets using volume.

Click Here for the Free Book (The Lost Art of Volume Price Analysis)

Or for a Free Trial of the Hawkeye Trading Software

Join Randy in the next free LIVE Hawkeye Demonstration Room held every Wednesday at 9.30am EST US. You will learn more about volume and volume price analysis and see more examples and live trade setups. It is open to all.

Click this link for more information or to join us in class.

Learn to trade the Hawkeye way.

Every Day Be a Better Version of You

Be a Better Version of You

By Guest Contributor, Michele Hurlbut

Hi Everyone.

Be a Better Version of You

I was talking with my mentor a few weeks back and I was marveling at how he saw the market and how it reminded me that I have so much more to learn. I half-jokingly said to him “when I grow up I want to be just like you! :)”

He replied, “Don’t be like me, be a better version of you!”

I had one of those ‘ah ha’ moments. If I set a goal every morning to be a better (trading) version of me, what I could accomplish would be endless.

We all say ‘that would be nice’ and ‘I am going to do that’ when we hear something interesting but when it comes down to the mechanics of figuring out how to do it and then implementing it, I frequently fall short.

So, How to Change for the Better?

This time the desire to do this resonated deep inside me. The one thing that eluded me was ‘how?’.

I thought, I can just let it set like all the other neat things I came across that never actually got done or I could make concrete plans on how. I chose the latter.

Now, how do I do that??

I sat in front of my charts and stared at them wondering, what can I do (or not do) that would make me a better trader, a better version of me? So many things came to mind. How could I possibly address them all?! I have to admit, there was a bit of overwhelm and I wanted to run and hide.

Well, that won’t accomplish anything I told myself.

Then a light bulb went on, what is the biggest thing I do now that hurts my P&L? That, if I stopped doing that one thing, would make me a better version of myself?

I found my answer.

Changing to a Better Version

Before I started with Hawkeye’s trend following system, I was a counter trend trader. I had success with it for some time until the market volatility changed about three years ago and trading that way killed me.

But, because I had had success with it, I still had a nasty habit of taking counter trend trades (and getting killed in the process.) If I just stopped doing that, not only would I not be losing my profits gained by my trend trades but I would also be following my Trade Plan more effectively.

That is my one thing to concentrate on changing.

Every morning I set my intentions to be a better version of myself from the day before. I bring it to the front of my mind and let it sit there. I form a plan around how I am going to accomplish my goal.

First, I had to identify how I started to feel and act prior to taking the counter-trend trade. For me, I would get antsy to ‘do something besides just watching the charts waiting for the trend to develop.’ I would start to sit closer to the charts, start reaching for the mouse and start clicking around looking for a reason to take a trade.

Once I had identified my physical and emotional reactions, now I could work on relaxing myself when they appeared. And that was what I did.

Every day I concentrated on achieving my goal for the day. And every day it got easier and easier to do.

My P&L got better also.

Being a Better Version – Every Day

Now I do not have to worry about that urge and subsequent giving in to it hurting my trading. It is gone and a thing of the past. I am a better version of myself in that regard.

I have not taken a counter trend trade in three weeks!

And I have also learned a new skill that I am using to work on other trading issues that I want to make better.

I hope this note helps you to also be a better version of you as it has me.

Great trading everyone and speak with you again soon.

 


 

Join Randy in the next free LIVE Hawkeye Demonstration Room held every Wednesday at 9.30am EST US. You will learn more about volume and volume price analysis and see more examples and live trade setups. It is open to all.

Click this link for more information or to join us in class.

Learn to trade the Hawkeye way.

Randy Lindsey
Hawkeye Traders, LLC

What Goes Up Must Come Down

what goes up must come down

What goes up must come down… or so the saying goes. Yesterday I showed how Hawkeye identified a $21k trade opportunity using daily charts. The longer trend is indeed bullish. But today, I show how corrections in daily bullish trends can be profitable on an intraday basis.

Using the 3 minute chart, I show how Hawkeye identified a sweet volume setup for a potential profit of over $6k in only 2 hours. Even though the overall market is long, we still can identify correction trades. So, “what goes up must come down” was a good catch of the day. When you trade with volume, it’s easy to see the directional intent of the market. We teach these methods in all of our training classes. Watch and learn to trade the Hawkeye way!

Click Here for the Free Book (The Lost Art of Volume Price Analysis)

Or for a Free Trial of the Hawkeye Trading Software

Join Randy in the next free LIVE Hawkeye Demonstration Room held every Wednesday at 9.30am EST US. You will learn more about volume and volume price analysis and see more examples and live trade setups. It is open to all.

Click this link for more information or to join us in class.

Learn to trade the Hawkeye way.

Trade Consolidation with Confidence – The Hawkeye Way

trade consolidation with confidence

Choppy range-bound markets are hard to trade. But with Hawkeye, you can trade consolidation with confidence. Today’s Hawkeye update shows just how we do it.

The Hawkeye Perspective
If the markets are choppy, this kills trend trading indicators. As soon as you enter, you get stopped out! But we designed a strategy with optimized tick charts, using our unique Hawkeye GearBox indicator. As a result, we trade in harmony with the market. Trends are easier to see and trade. When your are in a range-bound trade, keep your profit targets achievable and within the range.

So when choppy, range-bound markets show up, we have a strategy to trade with confidence. We teach different strategies for different market conditions, because the market does what the market does. We just need to use the right tool for the right conditions. Learn to trade consolidation with confidence using Hawkeye.

Click Here for the Free Book (The Lost Art of Volume Price Analysis)

Or for a Free Trial of the Hawkeye Trading Software

Join Randy in the next free LIVE Hawkeye Demonstration Room held every Wednesday at 9.30am EST US. You will learn more about volume and volume price analysis and see more examples and live trade setups. It is open to all.

Click this link for more information or to join us in class.

Learn to trade the Hawkeye way.

Things You Can Only See With Volume

Things you can only see with volume

In today’s video update, I want to show you a couple things you can only see with volume. These things are signature manipulation moves designed to trick retail traders to buy the high or sell the low. Hawkeye Volume is the key to pointing this out.

Trading with volume should be easy if you understand volume and price. When price extends to new highs, but the volume shows it opposes this push up, we call that opposing volume. These are important price bars that you need to know and understand. If you trade with volume and price, you have an edge and know how to respond to these signs. If you ignore volume, you trade at your own peril.

Hawkeye Traders has the right tools and training you need to help you navigate the trading markets. Learn to trade the Hawkeye way today!

Click Here for the Free Book (The Lost Art of Volume Price Analysis)

Or for a Free Trial of the Hawkeye Trading Software

Join Randy in the next free LIVE Hawkeye Demonstration Room held every Wednesday at 9.30am EST US. You will learn more about volume and volume price analysis and see more examples and live trade setups. It is open to all.

Click this link for more information or to join us in class.

Learn to trade the Hawkeye way.

Gold is on Fire – Hawkeye is Still Bullish on Gold

Gold is on Fire

Gold is on fire! Hawkeye identified a bullish trend in Gold (GC) on June 3rd, 2019. If taken, the trade is worth $21,270/contract today. Using the Hawkeye Profit Accelerator, that same trade would have built up to $148,890 as of today. Since the bullish trend is still in tact, we expect to see more in the future.

Obviously, the chart shown is a daily chart. So the margin and account size needed would not be suitable to a beginning trader. But consider the opportunities that each day provides to those who know what to look for. So look for these same type of setups and trades, which will occur on an intraday basis, and trade them the same way.

Personally, I prefer to use the 3 minute, 6 minute, and 12 minute charts for intraday trend trading. Look for opportunities within the bigger trends.

The idea is this: identify the trend, stick with the trend, and build your position on strength. We have a suite of indicators that help you do just that. Yes, gold is on fire. Learn to trade gold the Hawkeye way.

Click Here for the Free Book (The Lost Art of Volume Price Analysis)

Or for a Free Trial of the Hawkeye Trading Software

Join Randy in the next free LIVE Hawkeye Demonstration Room held every Wednesday at 9.30am EST US. You will learn more about volume and volume price analysis and see more examples and live trade setups. It is open to all.

Click this link for more information or to join us in class.

Learn to trade the Hawkeye way.

There’s Always a Bull Market Somewhere – Profit on Gold and Bonds.

Bull Market Somewhere

While the S&P and Dow make serious corrections, the Bond and Gold markets are ripping higher as traders seek a safety net. See Randy’s breakdown and analysis in today’s market update. There’s always a bull market somewhere.

While the Dow, S&P, and Nasdaq are all in correction mode, it makes trading much more difficult. It’s nice to know that there is always a bull market somewhere else. We found that in the precious metals and gold market. I expect to see @ES prices back to at least the 2900 level, but gold (@GC) should break back through the key 1500 level, and the 30 year bond (@US) should get to 164.

The @US is making a double-top so I expect it to pause, forming a pivot high. I will be looking for a 3-5 bar correction once this occurs.

Click Here for the Free Book (The Lost Art of Volume Price Analysis)

Or for a Free Trial of the Hawkeye Trading Software

Join Randy in the next free LIVE Hawkeye Demonstration Room held every Wednesday at 9.30am EST US. You will learn more about volume and volume price analysis and see more examples and live trade setups. It is open to all.

Click this link for more information or to join us in class.

Learn to trade the Hawkeye way.

Trade Wars and Volatility – Profit Potential Is HIGH on the S&P

Trade Wars and Volatility

Trade wars have caused volatility to spike. Volume showed the early signs for a correction last week. Last Friday Hawkeye signaled a confirmed sell signal on the S&P and Nasdaq markets. As a result, volume and volatility are expanding rapidly; so watch as Randy shows what to expect next.

Look for the Hawkeye Widebar (purple bar on video). We will watch for price to retrace back into the body of this widebar, to about the 1/2 way point. At this point, expect to see either consolidation or reversal.

The Hawkeye Perspective is to see the trade wars continue to cause volatility spikes, and increased downward pressure on Index Future markets. Correspondingly, we expect to see continued price increases in the Bond and precious metals markets.

Click Here for the Free Book (The Lost Art of Volume Price Analysis)

Or for a Free Trial of the Hawkeye Trading Software

Join Randy in the next free LIVE Hawkeye Demonstration Room held every Wednesday at 9.30am EST US. You will learn more about volume and volume price analysis and see more examples and live trade setups. It is open to all.

Click this link for more information or to join us in class.

Learn to trade the Hawkeye way.

Trading Friends Are Good to Have

By Guest Contributor, Michele Hurlbut

Hi Everyone.

Making Trading Friends

It has been a little while since my last blog post and I have learned so much. I spent the last few weeks with a trading mentor and other traders who use the Hawkeye system and they are all invaluable on my journey. It has taught me that trading friends are good, no great, to have!

Being a trader can be a lonely business. As traders, we are usually isolated with our computers and screens. We usually can’t talk to our loved ones much about trading because they don’t understand, no matter how much they would like to. That is why having a mentor or a group of trading friends is so important to our success, especially in the beginning when you’re learning.

Why We All Need Friends

Although you may think of yourself as a ‘loner’ or ‘introverted’ (or whatever you might call it,) the human race are social creatures. In our DNA from caveman times, we know our survival is dependant on having others around us that show us our strengths and make up for our weaknesses. Be it brainstorming, fact checking, learning or . . . we learn and adapt faster when we have other like minded people to interact with. Just ask Ray Dalio, the billionaire owner of the hedge fund Bridgewater. He has been lighting up the news channels with his philosophy on brainstorming and employee interactions.

Find Trading Friends in the Hawkeye Chat Room

Hawkeye Traders has created a chat room for all Hawkeye members and it is a wonderful place! When I first joined, the room was a little quiet. But lately there have been many, many posts about trades and strategies for trades. And everyone has been open as to whether they took the trade or saw it after the fact and other details.

One person has been working on a particular entry set up that meets the 3-Step Entry with one added criteria that he has found great success with. Another has picked it up and is also sharing along with his twist. Between the two of them, I have been able to see the mistakes and successes of others and also share in their knowledge. This made my journey easier as I did not feel like I was the only one making mistakes.

Questions and answers have been flying in the room and the camaraderie has been amazing. I have also posted some of my trades to get feedback as to whether I may have missed seeing something about the set up or if I was, indeed, reading the market correctly. This has given me more confidence as I learned to pick out the right market movement and equate it to the lessons of the 6 Ways the Market Moves.

Having the mentor in addition is just icing on the cake.

Join the Hawkeye Chat Room Now!

I invite anyone that feels like it’s only happening to them to seek out and find a group to join where you too can interact and learn from and with. And, if you are a Hawkeye Member, reach out to [email protected] and ask to be added to the group. You won’t regret it.

Great trading everyone and speak with you again soon.

 


 

Join Randy in the next free LIVE Hawkeye Demonstration Room held every Wednesday at 9.30am EST US. You will learn more about volume and volume price analysis and see more examples and live trade setups. It is open to all.

Click this link for more information or to join us in class.

Learn to trade the Hawkeye way.

Randy Lindsey
Hawkeye Traders, LLC

Following Your Trade Plan :)

By Guest Contributor, Michele Hurlbut

Hi everyone.

Creating Your Trade Plan

Not too long ago, in this very newsletter, I wrote about creating my Trade Plan. We discussed how important having a trade plan was. That it is one of the most important things in your trading success.

Here is the question I ponder today, why didn’t I follow my trade plan . . ?

After I finished writing the outline of my Trade Plan, I continued the day with creating it. I had all the items in it; Mission Statement, Descriptions of my entry criteria and my goals broken down into steps. The one step I failed to follow today was, take ONLY your set ups (as I write this, I can only lower my gaze and shake my head).

The second most important thing in trading is to Follow Your Trade Plan! I did not do that today.

Following Your Trade Plan?

Two days ago, I followed my trade plan perfectly and I was rewarded for my efforts.

Trade Chart 1

Today, I did not…..

Trade Chart 2

I submit the proof here….

Tell me, does this bottom chart look anything like the chart above it? I hear a resounding “No” coming from you, dear readers.

This day I was not patient. I did not wait for my entries to be clear. I had hubris as I “knew” the Dow was going down and I reacted to almost every “opportunity” to get on instead of being patient . . .

You can say that I was not wrong with my “predictions” however, did I follow my trade plan? No, I did not! And then, to make matters worse, I cut my winner short because I had taken such a beating earlier and I got spooked.

It seems hard to believe that the person who traded the top chart so beautifully is the same person who, two days later, traded the bottom chart.

Are Your Emotions Getting in the Way?

I find it very interesting how our emotions can get in the way of our trading. One of the purposes of a trade plan is so you can trade without emotions, so-to-speak. We all have emotions and it is not easy to trade without them being triggered. That is why having something in writing with specific instructions on what you are looking for and what to do when you find it is important. Without it, we end up with days like I did.

I have come a long way in working through my emotions so they don’t affect my trading. Occasionally, some wires get crossed and I don’t follow my trade plan. So I am baring my soul to you in hopes that it keeps you from letting your emotions and hubris from taking over your trading day.

And, if by some chance it doesn’t, I hope you find solace in the fact that you are not alone.

Now it is time to pick myself up, dust myself off and pull my trade plan out of the folder and keep it by my side for tomorrow’s trading adventures so that I do not repeat today’s mis-steps.

Here’s to Following Your Plan and Happy Trading!

Great trading everyone and speak with you again soon.

 


 

Join Randy in the next free LIVE Hawkeye Demonstration Room held every Wednesday at 9.30am EST US. You will learn more about volume and volume price analysis and see more examples and live trade setups. It is open to all.

Click this link for more information or to join us in class.

Learn to trade the Hawkeye way.

Randy Lindsey
Hawkeye Traders, LLC

Micro Futures

By Guest Contributor, Michele Hurlbut

Hi everyone.

I have been watching the Micro Futures market ever since May 5th when it was made available to trade by my broker. I thought it would be a perfect market to move from Sim to live with as a new trader to the Hawkeye System.

Why Micro Futures?

The micro markets would be a great way to get my feet wet live without investing too much capital. For the dow it is $0.50 point (I know, that’s not saying much but it is better than $0.00 that I get in Sim :)) and the dow mini is $5.00 point.

Let’s put this into the perspective of a trade.

In the e-mini market I put at risk $5 for every point I need my stop to be on the other side of my entry to safely give the trade room to breath.

If a trader is worried about risking, let’s say, $100 of their small account then a person might tend to make the stop smaller to ‘conserve capital’. This may make the trade a much riskier one since the stop is not in the best place possible.

If that same trader were to use the Micro futures, they would comfortably be able to put their stop at the appropriate place as they would only be risking $10 and not $100.

Seeing their trades work out because they are not worried about the dollar amount time after time puts a trader into a better mental frame of mind. This gives them confidence to keep making the right trading decisions and growing their account instead of being worried about losing the money and making their stops too tight.

Another benefit I see of the Micro futures market is that you can move up on your time frames for entry without risking more than you would in the Mini futures market.

Using the Hawkeye 3-Step Method for the Win

Hawkeye has the 3-Step Entry method which I have been practicing. Due to my risk tolerance, I have been trading a smaller time frame than the recommended 3 minute.

As many traders know, the smaller the time frame, the more gyrations. So, I was getting stopped out a little more than I liked.

The method still worked. But the win ratio was smaller than what I was seeing from 3 minute time frame traders. Higher win ratio translates to higher P&L and I want that. I think trading the micro futures is my way to achieving that win rate and higher P&L.

Is There Enough Volume in the Market?

Since Hawkeye is strongly volume based, I wondered if there would be enough volume to trade the system well.

For the first week the volume was low. On the second week I noticed that volume was good during the New York trading day but not good outside of that time. The daily volume after market open has grown slowly but steadily over these last couple weeks. Today however, the volume shot up (compared to the other days). The micro Dow futures has been hovering around 10-15% of the Mini’s market for the last week. But today, it was 23% by the writing of this blog.

I think it will only get better from here.

Daily Volume Micro Futures

A small caveat; the price bars can be a bit ‘gappy’ with the smaller volume. So, I have taken to using the signals from the 3 minute YM (emini) and placing the trades on the MYM (micro). Fills have been decent however there can be a bit of slippage. But at $0.50/point, I’m not worried . . .

I look forward to seeing this market grow and, maybe, see some of you join me there.

Great trading everyone and speak with you again soon.

Full disclosure: I only trade the Dow and so am not familiar with the volume on any of the other micro markets. Please check your market before trading.

 


 

 

Join Randy in the next free LIVE Hawkeye Demonstration Room held every Wednesday at 9.30am EST US. You will learn more about volume and volume price analysis and see more examples and live trade setups. It is open to all.

Click this link for more information or to join us in class.

Learn to trade the Hawkeye way.

Randy Lindsey
Hawkeye Traders, LLC

Trade Plan

By Guest Contributor, Michele Hurlbut

Why We All Need a Trade Plan

Good Day All!

I am here today to talk about Trade Plans. I know, groan…. But remember, Trade plans are one of the most important steps to any trading career.

Every business has a Business Plan and our business of trading should be no different. You wouldn’t go back to your favorite hamburger joint if they didn’t have a plan to build your burger properly so you could eat it.

Just as it is important for a business to have their plan, it is equally important that we each build a Trade Plan of our own.

Make Your Plan

It’s wonderful that Hawkeye has so many videos to learn from. And I have been learning and working on the 3-Step Entry Method these past couple months.

Now that I am feeling more sure of myself and I have worked with this method, I see myself putting my own small spin on it. I have learned over and over that you can teach somebody to do just about anything but until they put their own ‘words’ to it, they will not be able to fully internalize it.

The information on the Hawkeye website is a great starting point. You still have to learn how the execution works best for you and the way you see and analyze the markets.

Trade Your Plan

By nature, I am a contrarian and so I tend to be a counter-trader (one of the main reasons I came to Hawkeye was to learn to be a trend trader.) Trading with the trend did not feel right to me. I have this constant doubt that ‘the trend will continue’ after I enter. Practicing the 3-Step Entry has gone a long way in taking this doubt away. It has also given me a structured entry and exit plan that I was able to practice and learn how I see the markets.

Randy from Hawkeye has a saying ‘Trade your Plan, or plan to fail.” Benjamin Franklin liked to say “Failing to plan is planning to fail.” Two very wise men!

So, while I know the entry criteria from the videos and website, it is time for me to write out MY plan the way I see it. In doing this, it solidifies and gives me a document, a job description, of what is expected of me while I run my trading business.

My Trade Plan

The general outline of my Trade Plan is as follows:

Mission Statement: Why do I want to be a trader?
I think it’s a good question to ask yourself. Not everyone has the same reason for wanting to be a trader.

Name of the Trade I will be describing.
Each type of trade should have it’s own name. (i.e. 3-Step Entry, Counter-Trend Confluence, etc.) This section is where I further describe the rules for my entry in detail. Don’t leave anything out. It is important to be very clear about what your entry looks like. As we have all learned, there are plenty of trades that come along that look [a lot] like your entry but not quite and when we take these tricksters, the trade fails more than it works.

Remember the burger joint, what if they gave a general ‘make a burger’ statement but didn’t say how. You might end up with dressing on the outside of your bun instead of the inside, or maybe your patty would be the base instead of a bun. Sounds like messy hands to me….. I know it sounds silly and that everyone knows ‘how to make a burger’ but they didn’t always. Burgers were invented by someone at some point in time and that person had to teach others how.

Goals.
Every trade plan should have goals that can be broken down into steps that feel like they can be accomplished. Maybe you take a big goal and break it down into many small steps. Make sure the goals are specific so you know if you are on track. It’s great when they have due dates but it is not imperative.

That is the general outline for my Trading Plan. Now it’s time for me to get it all on paper and then implement it.

What good is a Trade Plan if we don’t follow it??!!

Great trading everyone and speak with you again soon.

 


 

Join Randy in the next free LIVE Hawkeye Demonstration Room held every Wednesday at 9.30am EST US. You will learn more about volume and volume price analysis and see more examples and live trade setups. It is open to all.

Click this link for more information or to join us in class.

Learn to trade the Hawkeye way.

Randy Lindsey
Hawkeye Traders, LLC

Patience is Key

Patience is Key

By Guest Contributor, Michele Hurlbut

Good Day All!

For those of you who went to the Hawkeye Seminar in Charlotte, I envy you. I was unable to make this one and hope to be at the next one!

I’m sure your learning curve was parabolic just for having attended. Even though I could not attend, I am continuing to learn.

This Week’s Lesson

What I learned this week is… Patience is Key!

What do I mean by that?

Learning to be patient and to wait for your setup is the KEY to fulfilling your trading dream! You could say Discipline to wait is key but I like the positive reinforcement of saying Patience is Key.

We could go into the subconscious mind and how it works but that is for another time…

Practising the 3-Step Entry Method

Today I worked on the Hawkeye 3-Step Entry method. As you may have read in my past blogs, I have chosen this entry method to learn and perfect in Simulation before risking my hard earned capital.

So today was a day of practice and patience.

A picture is worth a thousand words!!

Practicing Patience

Learning to Wait

As you can see from my chart, I was not always patient for my set ups.

Part of it is the learning curve of remembering the entry criteria and the other part is pure impatience. I have a known problem with that and so am working with the Hawkeye software to curtail it.

There are two entries where I was ‘anticipating’ (yes, my other problem) where I thought the market was going and so I traded into the belief that I know more than what the volume indicators are telling me.

Boy, was my hand slapped on those.

Practicing Patience

Thankfully, properly following the entry criteria and sticking to it showed me that being Patient and waiting for the proper set up is Key to a nice profit.

Tomorrow, and the days that follow, will be more practicing my patience until I am strong in trading the 3-Step Entry Method. I hope you practice your patience also.

Great trading everyone and speak with you again soon.

 


 

Join Randy in the next free LIVE Hawkeye Demonstration Room held every Wednesday at 9.30am EST US. You will learn more about volume and volume price analysis and see more examples and live trade setups. It is open to all.

Click this link for more information or to join us in class.

Learn to trade the Hawkeye way.

Randy Lindsey
Hawkeye Traders, LLC

Best Laid Plans

Closed

By Guest Contributor, Michele Hurlbut

Making Plans

When something doesn’t go as planned, I remember a phrase my grandparents used to say “Best-laid plans of mice and men…” Growing up I didn’t completely understand what that meant as I never heard the rest of the saying “…often go awry”. As an adult, I know all too well exactly what the saying means.

As humans, we like to make plans about all sorts of things. We like to plan what we are going to be when we grow up, what school we are going to go to, where we will live. We like to plan our vacations and our life goals.

And, sometimes those particular plans don’t work out. Something gets in the way of our “best-laid plans” and so we adapt and change our plans. This helps us grow (we hope.) That is what happened today.

Ready to Go Live. . .

I have been practicing my system (the one I shared with you in my last blog post.) Formulating and learning the rules around it. Successfully Sim trading it for quite some time, and I felt it was time to take the next step.

The plan was to get up this morning and move to trading my system in my live account with 1 contract and 1 target. Starting slow and ramping up is a solid plan for risk management and mental preparation.

. . . Or Not

When I wake up to trade, I do a morning routine. I do this without fail every trading day to get me mentally and physically focused and ready to take on the day. This morning, as I was doing my routine, I noticed I was having a hard time staying focused on my process. This routine has been my process throughout my trading career and I have noticed that when I am unable to focus on my routines, my trading day is not good.

So, although I was very disappointed, I decided not to start my live trading today. I did trade but it was in Sim. And again, I proved to myself that trading with live money on these unfocused days does not pay…I ended the morning negative.

I think I only made one trade that truly fit my rules the whole morning.

Best Laid Plans - example bad trades

Permission to Call It Off

As traders, we are our own boss. We can call in sick any time we want but we know it affects our bottom line. Unlike a J.O.B, we don’t have someone else paying for our time so we usually don’t ‘call in sick.’ As business owners, we usually power through these days and then wish we had stayed in bed. We forget that we are people and sometime need to take a day off when we are not at our best.

I hope you all give yourselves permission to ‘call in sick’ when you are not feeling/acting 100%, like I did today. It is important to protect our capital, not to mention our sanity, so we can be successful and live to trade another day.

Great trading everyone and speak with you again soon.

 


 

Join Randy in the next free LIVE Hawkeye Demonstration Room held every Wednesday at 9.30am EST US. You will learn more about volume and volume price analysis and see more examples and live trade setups. It is open to all.

Click this link for more information or to join us in class.

Learn to trade the Hawkeye way.

Randy Lindsey
Hawkeye Traders, LLC

Square One

Image Stuck at Square One

By Guest Contributor, Michele Hurlbut

Stuck at Square One?

It is time to open the Hawkeye website and learn about what I’ve gotten myself into. I am excited about the possibilities, and a little nervous about the feeling I have of being “back at Square One.” Have you ever felt that way? Maybe a little frustration about it?

But then I ask myself, “am I really back at square one?”… I am not!

There is so much I know now that I didn’t know when I first started out. I know about support and resistance, what they look like on a chart and possible reasons they form. About trends and how to identify them. And, I know about price action. All these things I did not know when I was at ‘Square One’.

How much do you know now that you did not know when you first started? Or maybe you are at Square One and now you are looking forward to knowing these things soon.

Ah, the relief I feel as I realize I am not at square one. I let it sink fully in. This is only a single step on my trading journey forward. I can’t wait!

First Steps

So I dive in and watch the most recent Members Monthly Webinar (watch the webinar herethis monthly training is normally available to Hawkeye Members only). It is on the Hawkeye 3-Step Entry Method. Randy explained clearly how to use the Hawkeye Heatmap for the current time frame and then Hawkeye Roadkill for the next two time frames higher. He answered tons of questions and by the time I was finished watching the video I felt I had a basic knowledge of what to do.

Learning From Wins…and Losses

With this new knowledge, I set my charts up like he suggested using the time frames I am familiar with. I added the indicators and did some basic backtesting to become familiar with the patterns he showed us to look for. After that, I spent the next two weeks watching the live markets and taking (in Sim) the set ups I thought fit the pattern. There were some good choices and some not so good choices but they were all learning choices. It has been shown that we learn more from our losers than our winners when we study them and don’t just brush them aside.

The Pay Off

And it is paying off. Today I took this trade:

3 Step Entry Method Example Trade

Great trading everyone and speak with you again soon.

 


 

Join Randy in the next free LIVE Hawkeye Demonstration Room held every Wednesday at 9.30am EST US. You will learn more about volume and volume price analysis and see more examples and live trade setups. It is open to all.

Click this link for more information or to join us in class.

Learn to trade the Hawkeye way.

Randy Lindsey
Hawkeye Traders, LLC

Overwhelm

Overwhelmed

By Guest Contributor, Michele Hurlbut

Hi All, it’s Michele again.

Overwhelmed

This week’s Journal Entry is titled “Overwhelm” and you will see why I chose this title as you read on. My new Hawkeye Workspace is fully loaded with all the bells and whistles. While it looks impressive and colorful, it is also daunting at the same time. After watching it for two weeks, I must admit, I am feeling Overwhelmed. There are so many charts and so many indicators on a chart, and I don’t know what they all do. And I am not used to that much information yet.

Because I don’t yet know what all these new tools do, I am trying to make sense out of what amounts to a “foreign language” without ever having gone through the lessons to learn how to speak it. Wow, that was an interesting analogy.

I Didn’t Know Where to Start

Before I sat down to write this journal entry, all I felt was the feeling I call ‘Overwhelm.’ I didn’t know where to start because I felt like there was so much going on and so much to do. My brain just spins it over and over until I’ve made a mountain out of a molehill. I’m sure you know the feeling . . . Then, as I was writing and looking for a way to describe my thinking, “foreign language” popped into my head.

Once I saw it on paper, I realized how much pressure I was putting on myself to learn this “foreign language” overnight. Why would I expect myself to learn something this different, overnight? Crazy, right?

My Trade Plan

Now that I understand the source of the feeling (and boy does journaling help in that endeavor), I can formulate a plan. My plan has the following steps:

1. Take clean charts of my favorite time internals.
2. As I go through the training videos, add the indicator I have just learned to my chart and study how it moves with my current knowledge of price action, and support and resistance.
3. In this way, I will grow into the Hawkeye Trading Software just like I would learn a new language or hobby.

Remember, “Rome was not built in a day”!

Closing Thoughts

So by taking these steps, I now feel confident that my plan is achievable. As a result, my feeling of overwhelm has left and a feeling of calm, clear action has taken its place. I hope this helps you also.

Great trading everyone and speak with you again soon.

 


 

Join Randy in the next free LIVE Hawkeye Demonstration Room held every Wednesday at 9.30am EST US. You will learn more about volume and volume price analysis and see more examples and live trade setups. It is open to all.

Click this link for more information or to join us in class.

Learn to trade the Hawkeye way.

Randy Lindsey
Hawkeye Traders, LLC

Coaching Traders with Adult ADD/ADHD

By Kenneth Reid, Ph.D

Sometimes as traders, we all periodically come up against seemingly insurmountable obstacles… such as when our trusty method suddenly stops working and we are forced to switch horses in midstream.

Yikes!

I specialize in coaching traders with Adult ADHD (perhaps 50% of the trader population) who are always changing horses. The typical trader does not spend enough time with a method to learn it inside out.

Symptoms of Adult ADD include not just a revolving door relationship with indicators and methods, but also overtrading, over-confidence, over-reliance on one’s ability to improvise, and a shoot-first-ask-questions-later attitude that makes reading directions a last resort.

I’ve been there; I live there. (When I buy a new appliance the first thing I do is put the directions away in a drawer.)  We like to figure things out for ourselves.

Curiously, the market can induce an ADD-like state in rational individuals who don’t have the disorder. That might have happened to you on your first trading day with Hawkeye.

Trading is like marriage; it looks easy from the outside, but after 5 or 6 years with one system, it doesn’t look the same. Although we are now “experienced,” it’s remarkably easy to regress to a very primitive gut-level approach to problem solving that can destroy an account in a week or two.

Why is that?

Trading is a performance sport. Top athletes are creatures of habit because in the heat of the moment, good habits produce the best results. When we introduce novelty, it degrades our good habits and we have to rebuild them with deliberate practice. So, the best place to practice is by using a SIM account.

I noticed in the previous blog articles that Michele wisely began her Hawkeye Journey in SIM. SIM is very useful if you trade it the same as you would a live account because that takes discipline. It also helps develop and fine-tune your strategy.

I suggest using SIM whenever something new comes into the picture: a new indicator, a new method, a new market, a new platform, a new brokerage. Stay in SIM until you have rebuilt your set of habits. Once you demonstrate you can consistently trade with profits in a SIM account, then you can begin the real work of trading profitably in a live account.

Thanks for your posts, Michele. I’m sure they will encourage and inspire many.


Join Randy in the next free LIVE Hawkeye Demonstration Room held every Wednesday at 9.30am EST US. You will learn more about volume and volume price analysis and see more examples and live trade setups. It is open to all.

Click this link for more information or to join us in class.

Learn to trade the Hawkeye way.

Randy Lindsey
Hawkeye Traders, LLC

So, I Thought I Could. . .

By Guest Contributor, Michele Hurlbut

Hi everyone, it’s Michele again.  So, I thought I could just open my charts and start trading my new software without spending time going through all that training. You know, I thought I could save some time and make money too, right? Well, things don’t always work out the way you plan, so here is my first journal entry:

On Friday afternoon, I downloaded my Hawkeye Professional Package and then closed my charts and computer with the intention of getting back to it later that day.  Also, I planned to start setting things up and reviewing the website over the weekend.  Guess what? Yep, surprise, that didn’t happen.

And here it is Monday, and I haven’t reviewed the software material.  I think to myself, “I’ve been trading for a while, and I’m familiar with many indicators, how hard can it be?” So, I thought I could do this.

So I open my charts and my new software, and start trading.  (I bet you’re laughing to yourself right now thinking ‘I’ve been there’ and ‘oh, is she going to be in trouble…’)  Fast forward a few hours and I am soooo glad I was in Sim mode today!!  Yep, total disaster (note: please don’t try anything new with live money!)  I did have a couple moments of ‘true brilliance’ I tell myself as it goes to my target. But reality is that most of the day was utter chaos and “willy-nilly” entries.

Why?  Because my Ego got in the way; I can read a chart! I can read price action! Why do I need to look at videos and learn the way this software is supposed to work? (She writes “tongue in cheek”).

Ok, let’s go back to my first article to you. Do you remember the reason I bought the Hawkeye system? Because the volatility of the market had increased to a point where my current system Reward:Risk ratio did not work.  So then why do I think I can 1) use my current trading style on different colored charts and expect a better outcome (the definition of insanity 😉); and 2) totally throw money away by purchasing a system that I am not taking full advantage of?

Now that I write this on paper, it seems so silly to let my Ego get in the way of my success.  The Ego is a wily creature that creeps up on you when you least expect.  It takes control and then we/I usually end up in negative P&L territory.

A strong person will recognize when Ego has taken over (it may be in hindsight, but it is recognized all the same). Once recognized, they turn the situation around to where their rational self is back in control.  Now they can drive their own “destiny bus” down the Highway.

So, I thought I could jump right into trading without taking the time to learn the new system, and I was so wrong. Now I am off to watch my lesson videos. I can’t wait to see the wonders there! Have a great week everyone!


Join Randy in the next free LIVE Hawkeye Demonstration Room held every Wednesday at 9.30am EST US. You will learn more about volume and volume price analysis and see more examples and live trade setups. It is open to all.

Click this link for more information or to join us in class.

Learn to trade the Hawkeye way.

Randy Lindsey
Hawkeye Traders, LLC

The Journey Begins . . .

Arrow

By Guest Contributor, Michele Hurlbut

Hi, my name is Michele and I am a futures Intra-day trader.

I have traded futures since 2012 using support/resistance as my primary system. Using volume bars or volatility indicators were not in my plan. My success rate has been pretty good, but in the last year, the market has changed and my system was not working so great. Market volatility had increased to a point where my R:R (Reward:Risk) ratio was not working. I waited for a long time to see if the market would ‘calm down’ and go back to ‘normal’. However, it’s been too long and it looks like the market has found a ‘new normal’. If you are a seasoned trader, you might be familiar with the market gyrations. I have traded in this long-term Bull market only. As a result, I am not familiar with this new market condition. I was at my wits end and did not know where to turn.

Randy and I first met a few years ago when he was searching for a support/resistance tool to add to his Hawkeye Toolbox. I remembered that Randy used volume and trend together with support/resistance. So I reached out to him two months ago, just to see what he thought of this market.

I have been using the Hawkeye Volume Module for the past 2 months and have found it very enlightening. During this time, Randy was graciously posting some of his charts and entries. Consequently, things started to click more, so I decided to get the whole Hawkeye Professional Package and dive in. I liked the way it was giving entries (my current method did nothing of the sort). These entries were in areas that my current method gave hints at the possibility of an entry IF I understood what the candlesticks were saying. The market has been beating me up for the past year and I am now a little gun shy about my ability to see an entry, let alone take it. I have learned that the mental side of trading can make or break you, and my mental side is a little broken right now.

Being a new user to the Hawkeye system, Randy and I thought it would be great to share my Hawkeye trading journey with you. I expect you will find that you are not alone in your many hours in front of your computer watching charts and studying bars. Hopefully, my journey will encourage you to keep going even when the going gets tough. Trading is an amazing ride and I want you to all join me in it.


Join Randy in the next free LIVE Hawkeye Demonstration Room held every Wednesday at 9.30am EST US. You will learn more about volume and volume price analysis and see more examples and live trade setups. It is open to all.

Click this link for more information or to join us in class.

Learn to trade the Hawkeye way.

Randy Lindsey
Hawkeye Traders, LLC

A Hawkeye Volume Setup for +90pips on the EURAUD

Australian flag

There is no better tool to trade with than Hawkeye Volume!

Why?

I’m glad you asked. . .

Volume is a leading indicator, signaling the intentions of price ahead of time. You have heard it said that “Volume is the fuel that drives the market”. And traders all over the world gain the edge they are looking for when Hawkeye Volume is coupled with triple timeframes.

Hawkeye Volume and Price

Hawkeye makes volume price analysis simple. The Volume indicator shows whether buying or selling is dominating the market using simple color codes:  Red shows professional selling, Green shows professional buying, and White shows no demand. In other words, it doesn’t just tell you the volume, as with other trading software, but it actually tells you whether the volume is professional BUYING or professional SELLING.

Below is a nice example of a 15 minute EURAUD setup:

Hawkeye Volume leads to +90 pip EURAUD Setup

Notice how just before the big price move down, that Volume signaled the intent of price way before the trend began, shown by the oval and Red price bar extension. The red bar also has a Hawkeye Pivot (yellow dot). Therefore, we expect price to reverse 3-5 price bars after a Pivot. With opposing volume however, it is a compelling signal of market reversal. On top of that, we also see a Price Action Failure, shown by the aqua box on a triple top. Here, volume and price are working together to signal the intent of price to make a substantial move down.

The results were quite rewarding, as this example shows. Using the Hawkeye ATR Levels tool, a 8:1 Reward:Risk value was achieved, yielding a potential +90 pip trade. Note that the entry was a standard Hawkeye setup, following our 3-Step Entry/Exit Method. Our training courses teach this Method. These types of setups occur every day, and Hawkeye Volume is the best at showing you this action.

The Hawkeye Perspective

Don’t sit by and let trades like this pass you up. . .  As a core component of all our unique indicators, Hawkeye Volume leads the way to a trading plan that can generate consistent profits daily.


Join me in the next free LIVE Hawkeye Demonstration Room held every Wednesday at 9.30am EST US. You will learn more about volume and volume price analysis and see more examples and live trade setups. It is open to all.

Click this link for more information or to join us in class.

Learn to trade the Hawkeye way.

Randy Lindsey
Hawkeye Traders, LLC

How Important is Your Win-Loss Ratio?

How important is your win loss ratio?

In today’s article, I want to look at the win to loss ratio and its importance to a trading system.

Let me start by posing a conundrum; would you prefer to walk down the high street with a verified badge on your chest showing off a 92%-win loss ratio or would you prefer to drive down that high street in a top of the range sports car?

The bottom line is that the win loss ratio is just a measure of a system and we should only focus on being profitable.

What happens if we get fixated on our win ratio?

Focusing on our win ratio can result in premature exits from profitable trends, and holding losing trades far too long.  Systems based on a high win loss ratio are also higher risk. They usually result in few losses, but these losses are extremely large and can massively damage your account.

If we get emotionally upset by taking a loss then it suggests that we are more interested in being right than focused on being profitable.

What win ratio should we aim for?

The answer in short is that we should not focus on the win loss ratio as this is only a measure of our system. Our focus should be entirely on our trading rules; to make a profit.

How then should we use our win ratio?

Different trading systems need different win ratios to be profitable.

As an example, if a system has a win loss ratio of 2:1, and we risk $50 per trade, then a win will produce $100. In this scenario, so long as we have a win ratio above 34%, then we will be profitable.

To demonstrate this let us say that we take 100 trades and win 34% = 34 trades.

Wins = 34 x $100 profit = $3,400
Losses= 66 x $50 loss = -$3,300
Total profit $3,400 – $3,300 = $100.

Now, taking 100 trades to only make $100 is not profitable. So setting a minimum 50% win ratio would be more reasonable to trade this system, which yields:

Wins = 50 x $100 profit = $5,000
Losses= 50 x $50 loss = -$2,500
Total profit $5,000 – $2,500 = $2,500

We then test the system over 10 rounds of 100 trades and find out if the system is profitable.

If the system is profitable, we then focus entirely on the trade rules and executing the trades. We are not concerned about losing trades since we only need to win 50% of our trades, and that the system will provide that.

Closing out trades the Hawkeye Tomahawke FX Suite

In the Tomahawke scalping system, the strength of a currency can quickly change since we are trading fast time charts. If we focus on the current combined profit of all trades at one time, and reach our profit target, we should be happy to close out the trades, even if 4 are profitable and 2 are losing trades, as shown in the example below. Don’t be concerned that the -$5.04 trade would be counted as a losing trade as its value is insignificant to the overall profit.

Tomahawke Win Loss Example Chart

In summary, my hope is that this article has helped you think about win loss ratios in trading. Understanding win loss ratios will aid you in becoming a better trader.

If you would like to find out more about the Hawkeye Tomahawke system, please visit us at https://www.hawkeyetraders.com/tomahawke-forex-trade-room/

 


 

Learn more about volume and volume spread analysis, and see more examples of live trade setups in the next free LIVE Hawkeye Demonstration Room held every Wednesday. Open to all. Click this link for more information or to join us in class.

Learn to trade the Hawkeye way.

Good trading,

Randy Lindsey
Hawkeye Traders, LLC

Which Mouse Are You?

by Guest Columnist, Kenneth Reid, Ph.D

Hi… this is Dr. Kenneth Reid from HawkeyeMindset.com

Reduce Your Errors

I would like to speak about how to reduce your trading errors. Like tennis, trading is a game of errors. In other words, we generally self-limit our success. Our outcome improves when we make fewer errors .

If your trading method has a potential 60-70% win rate, but on 2 out of 10 trades you execute poorly, it will be difficult to make money as a trader.

So it pays to strive for perfection in those elements that are under our control, since randomness plays such a large role overall.

First Mouse Syndrome

One of the most common issues traders face is a collection of behaviors I call the “First Mouse Syndrome.”

Moneytrap First Mice“First Mice” get whacked when they go for the cheese.

One reason is that First Mice tend to be excitable and they enter trades too early. It could be from greed, fear of missing out or just plain impulsiveness. Impulsiveness is usually driven by an over-reliance on intuition and an under-utilization of a technical method.

Premature entries lead to taking “heat” because the market has not yet developed internal coherence. The more push-back we experience, the more defensive we get. This leads to micromanaging trades and tightening mental stops.

Unfortunately, this almost always works against the trend trader. The key to trend trading is to give the market sufficient room to breathe once a trend is established.

The Hawkeye Trend Indicator

The Hawkeye Trend and Stops indicator is designed to do precisely this. However, with the three speed settings, you have some discretion in how you apply this indicator. Because first mice prefer to get in early, they will typically set Hawkeye Trend to ‘Aggressive.’

If you find that you are getting stopped out of good trades, you may be experiencing the stop hunting games that typically occur in futures and forex near key support and resistance levels. These games trap and punish First Mice.

The irony is that responsible First Mice stop themselves out willingly because they have been taught to manage risk with relatively tight stops. They want to “keep losses small and let winners run.” But 1 wrong + 1 right = Zero (a breakeven trader, at best.)

If you are getting stopped out and then find that the market often reverses and goes your original way, it may help you to think like The Second Mouse.

The Second Mouse

The Second Mouse gets the cheese by simply waiting for First Mice to be stopped out before taking action.

First mice tend to get stopped out when the first pullback fails. For example, if they shorted, the market quickly makes a new high and stops them out. . . and then the downtrend resumes.

If they went long, the market makes a new low and stops them out. . . and then the uptrend resumes.

This process creates the common ABC countertrend patterns that occur within trends. You will get stopped out on the A-leg of the ABC if your stop is too tight . If this is happening for you, consider adjusting Hawkeye Trend and Stops to the Conservative setting.

Moreover, it’s usually not a good idea to use mental stops to manage positions in a trend. Chances are you will react to random noise, micromanage your trade and choke it off.

Closing

You can watch a free video that discusses the First Mouse Syndrome by following the link below. It’s the latest video in the Hawkeye Mindset Mastermind Breakthrough program, which gives you highly practical weekly videos on trading psychology. Check out HawkeyeMindset.com for more information.

Download the free video sample here:

Hawkeye Mindset Mastermind Breakthrough Video Series – First Mouse Syndrome


Join Randy in the next free LIVE Hawkeye Demonstration Room held every Wednesday at 9.30am EST US. You will learn more about volume and volume price analysis and see more examples and live trade setups. It is open to all.

Click this link for more information or to join us in class.

Learn to trade the Hawkeye way.

Randy Lindsey
Hawkeye Traders, LLC

Let Hawkeye Volume Lead the Way

There is no better tool to trade with than Volume, and Hawkeye Volume is the Best! Volume leads the way to price direction.

Why?

I’m glad you asked. . .

Volume is a Leading Indicator

Volume is the only leading indicator that signals when price is about to move prior to it happening. You see, Volume is the fuel that drives the market. And when you couple this with triple timeframes, you have a combination that gives traders all over the world the edge.

Hawkeye Volume displays whether buying or selling volume is dominating the market. In other words, it doesn’t just tell you the volume, as with other trading software, but it actually tells you whether the volume is professional BUYING or professional SELLING. This is displayed in a simple and visual way: red shows professional selling, green shows professional buying, white shows no demand.

Below is a great example of a EURJPY setup this morning:

EURJPY Chart Example

Notice how just before the big price move down, that Volume signaled the intent of price 9 price bars (45 minutes) before the trend began. It is shown by the Red price bar extension with a Hawkeye Pivot (yellow dot). This is significant in that we expect price to reverse 3-5 price bars after a Pivot. However, with opposing volume too, it becomes a compelling signal of market reversal.

In this example, it was quite rewarding. As you can see, using the Hawkeye ATR Levels tool, we achieved a 6:1 Reward:Risk. Setups like this occur every day, and Hawkeye Volume is the best at showing you this action.

The Hawkeye Perspective:

Don’t sit on the sideline and let trades like this pass you by. . . Hawkeye Volume leads the way and is the core component of all our unique indicators.


Join me in the next free LIVE Hawkeye Demonstration Room held every Wednesday at 9.30am EST US. You will learn more about volume and volume price analysis and see more examples and live trade setups. It is open to all.
Click this link for more information or to join us in class.

Learn to trade the Hawkeye way.

Randy Lindsey
Hawkeye Traders, LLC