How long have you been trading?
I’ve been trading since 1999.
What do you trade in your account?
I used to trade a portfolio of stocks but I was introduced to trading the Futures market on the NASDAQ. I got hooked on it and now trade Emini exclusively. I trade intraday on the NQ (NASDAQ) and YM (Dow). It works much better in this environment than waiting for swing trades that don’t seem to want to materialize.
Who is the professional trader (or traders) you admire most?
I began my career as an Elliottician but discovered Steve Nison’s work. I think he is one of the best technicians in the world.
Is there any particular book that really changed your mind about trading?
I recommend any of Nison’s candlestick books. Years ago I took his advanced training and learned how support and resistance zones really work. Aside from my timing work, he has influenced me more than any other trader/technician. I think it is a lot more accurate than Elliott and eliminates much of the subjectivity.
Fundamental vs technical—which is better for today’s markets?
I believe that anything you want to know about a market can be found on the price chart. The price chart encompasses fear and greed as well as supply and demand. The fundamental picture may be good to direct you towards a sector or stock to trade but the precision people are looking for can always be found on a price chart. Back in December, the US Dollar made a pivot on an excellent price and time cluster and then had an inverse relationship to the stock market. The next day an Obama rumor surfaced about his appointment for the Treasury Secretary and the market recovered. Many people think that was the catalyst but without that Dollar setup, I doubt the move would have happened.
What type of music do you like best?
I’m an old rock and roller at heart. I listen to Zeppelin, The Who and most of the bands from that era. There have been a handful of bands that have come along over the years but they are few and far between.
Do you have any trading resolutions ?
To be more patient. This year I’ve started working with some really advanced Fibonacci calculations. The initial results have been positive and now I’m striving for consistency with it in changing environments. This is helping me stay with better quality setups longer.
