How I Kept Hitting Targets to the Tick on Tuesday’s Crash Tape

Hey trader, Tuesday was a mess. The VIX ripped to 20. The indices knifed through May’s lows. On a tape like that, the levels you drew at the open are already junk. Price runs right through them. It grabs your stop a tick early, then turns and leaves without you. One read held up anyway. I look for the spot where one side got run over on the chart. Whoever got steamrolled left orders sitting there. Price comes back for them almost every time. That spot becomes my next target. I called it on the NASDAQ, the ES, and crude Tuesday, and price walked right into the levels. So let me hand you the whole thing: How to mark those spots. How to trade into them. Where to tuck your stop so the crowd gets swept and you don’t. A Violent Tape Is Where This Earns Its Keep On a

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Everything is a Pairs Trade

Hey trader, As many of you know, I’ve been trading for 26 years and teaching for most of that time. Countless times, on days that saw huge moves in the U.S. dollar, I’d get the question: “How do I sell (or buy) the dollar?” To help the questioner think it through, I’d respond, “What do you want to own?” There are two concepts here that tie into one idea. Money in the markets is like matter. It is neither created nor destroyed, only changing state. There is no such thing as a standalone transaction. You can’t buy something without selling something else. You can’t sell something without buying something. You will always be long one instrument and short another. These two thoughts tie into one idea: everything is a pairs trade, expressed as Base/Quote. If you are buying, or long, the base, you are selling, or short, the quote. The

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How a Six-Pip Squeeze Gave Me the Only Clean Trade of the Day

Hey trader, A dead tape is where accounts quietly bleed out. The screen looks full of setups. Every one of them takes a few dollars and hands you nothing back. Thursday morning was exactly that. Gold stopped me out. Crude chopped sideways. The indexes ran higher without me on board. One chart was doing something different. The euro had wound itself into the tightest range on my screen. Six pips, top to bottom. That squeeze was the only real signal of the morning. It paid $87.50 on a single contract while everything else gave money back. Here’s how I read the coil and traded the break on the 6E. The Tape Going In The morning opened slow and stayed slow. Gold gave me a beacon breakout, ran a little, then reversed the whole move and tagged my stop before I could adjust a thing. Crude kept poking at its level

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How I Turned Gold Into a Risk-Free Trade

Hey trader, I was in a gold trade for about ten minutes this morning. By the time it tagged my target and paid me, I had zero dollars left at risk on it. It started out as a $122 risk. I shaved that number down the whole way up the chart until there was nothing left to lose. That part is the piece nobody really shows you. You probably set your stop once when you click in. Then you watch your open profit come and go for the rest of the trade. Or you grab that stop and drag it around every time a red candle spooks you. Then the market knocks you out a tick before the thing finally runs. I want to walk you through the version where you do neither. This gold long is about the cleanest example I have got. I will give you the entry,

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How I Made $225 on the Only Trade Worth Taking All Morning

Hey trader, Wednesday’s session handed most traders a slow bleed. Charts that looked like setups, fills that turned into stop-outs, and a tape that punished anyone trying to force volume. I closed the morning with one winner. Eighteen pips on the euro, $225 on a single eMini. That was it, and that was enough. The reason it worked when six other charts looked just as good is the part most traders skip. Two of my three primary signals fired on the same candle, the close confirmed it, and the macro story backed the direction. When those three stack, you click. When any one is missing, you wait. Here is exactly how that played out on the 6E. The Tape Going In The session was flat. Painfully flat. Gold was the only thing moving with conviction, ripping from beacon to beacon as the dollar bled out. The ES sat on fair

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It Was All About Camp Floyd Back Then

Hey Trader, Roughly 40 years ago, my dad, my brothers, and I went camping in an area called Camp Floyd. It is a fascinating little place that was home to the Camp Floyd Pony Express Station, also known as the Fairfield Station. Situated in the small town of Fairfield, Utah, just a short distance from the military camp, the station was originally an adobe inn built by settler John Carson. It was no ordinary stop. Unlike the small, sparse desert shacks typical of the Pony Express route, the Fairfield Station was a comfortable two-story adobe and frame building. It served as a hotel for notable historical figures, including Mark Twain and Sir Richard Burton. It was an important and notably luxurious waypoint for riders. What began as an interesting and historic place to camp soon became something far more meaningful. One of my older brothers, feeling adventurous, decided that he

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How to Trade Growth Hiding Right Below Our Southern Border

Hey trader, An ETF representing an entire country just put up 29% over the last year. It is not a tech stock. It is not a meme name. It is Mexico. The story has been hiding right below our southern border the whole time. Almost nobody in the US is paying attention because we are too busy watching the next tweet move the S&P 20 points in either direction. Capital is moving. Factories are being built. The currency has already repriced. Here is the deal. The chart is sitting in a five-month consolidation with a clear target overhead. The capital flow story explains why the chart looks the way it does. The options chain is paying enough premium to make the trade work even if the breakout takes another six months to show up. All three pieces matter. That is what I want to walk through. Forget the Politics. Follow

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I Made One Good Trade Today Amidst a Slaughterhouse

Hey trader, Today’s tape was the kind that quietly takes traders apart. Failed Bollinger Band breakouts on the ES… …A Nasdaq signal that triggered already a third of the way to its target. The Russell breaking out and immediately reversing. Six small trades, $10 here, $13 there, all of it commissions in the pocket of someone else. If you traded the same chop I traded after 10:30 this morning, you know the feeling. The signals look real, the math says take them, and the market hands them back to you in pieces. But the day wasn’t a loss. One trade right at the open paid $174 on the official call and over $250 for traders who sized it as a channel breakout. That one trade carried the entire session. In a market this difficult, the difference between a green day and a red one is recognizing which setup deserves your

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Why I’ll Always Take the Coin Flip

Hey trader, A 50/50 trade with a 5-to-1 payout is one of the most rational bets you can find on a chart. Skip enough of these and you bleed out slowly while never taking a single “bad” trade in your life. Yesterday morning, I shorted the euro at 1.1645 with a 7.5-pip stop and a 33-pip target. That put the trade at better than 4-to-1, and I was willing to be wrong on it more than half the time. Here is the trade, the math behind why it got the click, and the rules I use to spot setups like this before they leave the screen. A Coin Flip Is Not the Same as a Bad Trade The phrase “coin flip” gets thrown around in trading rooms like it means reckless. It should not. A coin flip is only a bad trade when the payoff matches the odds. 50/50 with

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Someone is rigging the gold market. I watched it happen.

Hey trader, When you place a trade, you assume the prices on your screen are real. Real buyers. Real sellers. Real money willing to transact at those levels. That assumption can cost you. This morning on micro gold, I watched an algorithm fake those prices in real time. It dangled fake orders above and below the market like bait. Every time price got close, the bait moved. Traders who didn’t know what they were looking at walked right into stops they never should have hit. Here is what I saw, what’s actually going on, and how to spot it before it costs you on the next trade. A Quick Word On What I’m About To Show You Every futures contract has a list of pending orders waiting to fill. Buy orders below the current price. Sell orders above it. The list sits there for any trader to look at while

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