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Exploiting the edge from historical market patterns

Wednesday, September 30, 2009

Identifying Short-Term Momentum and Breakouts With Intraday New Highs/Lows

At 10:55 AM CT, 23 of my 40 stocks registered fresh five-minute highs as we broke to multi-minute highs. Note how that momentum carried us forward for the next several minutes.
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Brett Steenbarger, Ph.D. at 11:05 AM

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Brett Steenbarger, Ph.D.: Author of The Psychology of Trading (Wiley, 2003), Enhancing Trader Performance (Wiley, 2006), The Daily Trading Coach (Wiley, 2009), Trading Psychology 2.0 (Wiley, 2015), The Art and Science of Brief Psychotherapies (APPI, 2018) and Radical Renewal (2019) with an interest in using historical patterns in markets to find a trading edge. Currently writing a book on performance psychology and spirituality. As a performance coach for portfolio managers and traders at financial organizations, I am also interested in performance enhancement among traders, drawing upon research from expert performers in various fields. I took a leave from blogging starting May, 2010 due to my role at a global macro hedge fund. Blogging resumed in February, 2014.

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