Tim Bourquin: Hello, everybody. Welcome back to
TraderInterviews.com. Thanks for joining me for another show this week.
We're going to be speaking with Matt. He's a trade in the E-Minis and
we're going to talk to him about how he finds good opportunities and
good trades in the markets every time he sits down in front of the
computer. So Matt, thanks very much for joining me on the phone today.
Matt: Thanks for having me, Tim. I'm glad to be here.
Tim Bourquin: All right. So describe the kind of trader you are.
Are you a day trader or a swing trader? What kind of time frames do you
look at, that sort of thing?
Matt: I'm definitely a day trader. I really like to focus on the
technical level as it pertains to the ES marketplace, the S&P E-Minis.
And I would say that -- I like to trade in a direction of the market
internals. So I'm a day trader and I like just taking the direction of
the way that the overall market is moving. I'm not afraid to take
countertrend trades. But overall I would definitely consider myself a
short-term trader, and I trade off of tick charts as far as timing my
entries but I look at longer time frame charts. And when I say longer
time frame, I get way out there and look at, 15 and 5-minute charts for
my long-term time frames to set up my shorter term tick chart entries.
Tim Bourquin: When you said, "I get way out there," I thought
you were going to say maybe monthly or something along those lines.
Yeah, you're definitely a short-term trader when you think of 5 and 15
minutes as being way out there.
Matt: Yeah, I do. I do step back and part of my overall analysis
that I do each day coming in the market. I really start at the monthly
level, probably like the most traders. I start monthly, drill down
weekly, daily, hourly, 30-minute. I do a top down analysis to make sure
I'm always consistent with not losing sight of some of the overall
market...
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