Carol is strictly an intra-day trader of the futures, currently concentrating on the eMinis during the day market only.  She never holds a position overnight.   Generally, she is looking for 3-5 point targets. 

She believes every trader must be flexible in their trading methodology depending on the type of action the market is exhibiting.  Understanding and properly using support and resistance is critical to a trader’s success.  Support and resistance can be derived from numerous sources: pit trader’s numbers, market profile, Fibonacci numbers, highs/lows, etc.  The market will communicate what it wants to do by how it facilitates price action at or near these numbers. Write this down 100 times... RVR

Carol uses multiple timeframes to make trading decisions.  TICK, TRIN, VIX, Bonds, and advancing/declining volume are a few of the indicators she uses for market internals.  Both candlesticks and tick charts are important in her trading.   On price charts, she uses volume, CCI, and recently Walter Bressert’s cycle indicators.  She also looks for important chart patterns, such as ascending/descending triangles, double bottoms/tops, etc.

Carol observes market behavior with Trade Station and executes trades in her futures account with PATS J-Trader. 

Background

Carol has been studying the markets for several years.  She started trading stocks on an intra-day and swing basis.  Beginning her training in the eMinis in early 2003, she has traded them exclusively since June.

Her formal market trading includes multiple DTI courses, the entire Pristine course series, and numerous other online and one day seminars on various trading topics.  Like most other FuturesTalk moderators, she has read well over sixty trading books.