Erich Senft, Author at Support and Resistance

All Posts by Erich Senft

Picture of a cornfield. The corn market traditionally has had a relationship with live cattle futures

Relationships Between Markets

The Influential Relationships Between Commodity Futures Markets No doubt you’ve noticed that many of the commodities markets are similar and move in a similar fashion. This exercise is only to make you aware of the possible relationships between markets. Occasionally you can get clues as to how related markets will behave based on what is […]

What is significant about the range in this NASDAQ chart?

What is significant about this chart range?

Did I make this homework question too hard? I admit it was a little more difficult – but hey, that’s trading for you. If it were easy everyone could do it, right? Here is the Japanese Yen chart and I asked you: 1. Would you say this market is more bullish or bearish? Why? 2. […]

How would you analyze this chart?

Last week’s homework question seems to have been a big hit as I got a ton of emails with your trading strategies and I have to say I was very impressed by your analysis! Some of you even spotted things I didn’t consider. Because of the volume I’m not able to respond to all the […]

Support and Resistance Journal

1: CURRENCIES: Opening Range Open Price: 5:20 (Pacific)/7:20 (Central)/8:20 (Eastern) Australian Dollar The Australian Dollar hit its profit target last week and with Friday’s big bounce it was probably a good idea to get out of the trade while there still was profit! I’m standing aside for now as there seems to be some bullishness […]

How do you know when the market is trending?

I believe one of the biggest challenges facing traders is trying to correctly identify the market trend. Once you have the trend down then you know whether you want to be a buyer or seller and respond accordingly. But the catch is knowing when the market is trending and when it isn’t. Getting stuck in […]

So you’re not making money trading?

So you’re not making money trading. Maybe it’s worse than that. Maybe you’re losing money for all your effort. It’s like the market’s rubbing salt in the wound, adding insult to injury. What should you do? I’ve got some advice for you. First off, I feel your pain. I’ve been there. In fact there have […]