Posts From Adam Grimes

Adam Grimes

Adam Grimes has 18 years of experience in the industry as a trader, analyst and system developer. Growing up in an agricultural community in America’s Midwest, Adams first trading experiences were in agricultural commodities and futures. He then moved to currency futures, trading during the Asian Financial Crisis, and to stock index futures and individual stocks in 2001. His trading experience covers all major asset classes–futures, currencies, stocks, options, and other derivatives, and the full range of timeframes from very short term scalping to constructing portfolios for multi-year holding periods. Adam holds an MBA from The Ohio State University, and is currently Chief Investment Officer of Waverly Advisors, LLC, a boutique research and advisory firm for which he writes daily market commentary and trade notes. Prior to joining Waverly Advisors, Adam held the positions of VP of Quantitative System Development at Level Partners, LLC, Senior Analyst and Trader at MBF Asset Management on the New York Mercantile Exchange, and Chief Technical Strategist at SMB Capital. Adam is the author of The Art & Science of Technical Analysis: Market Structure, Price Action & Trading Strategies, published in 2012 by John Wiley & Sons. Adam is also a contributing author for several publications on quantitative finance and related topics, and is much in demand as a speaker and lecturer on the topics of technical trading, risk management, and system development. You can also read his thoughts on his blog: http://adamhgrimes.com/blog/


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Traders: Why Your Trading Process Is All That Matters

So, we live in a world in which investors are nervous. Everyone knows the Fed is going to raise rates, it’s only a question of when and how much. Everyone knows that bond prices move inversely to rates, so higher rates will lead to lower bond futures prices. It’s only…

The Art Of Trading And The Illusion Of Control

I’ve written and said many times before that simplicity is a good thing—if you have a trading methodology that is overly complex, there’s a pretty chance it won’t work. However, many traders feel drawn to complexity—it feels right and good. Why is that? Why would we not prefer the simpler…

Adam Grimes: You Wanna Be Right, Or Make Money?

It’s easy for investors to get caught up in what they think is right or should happen. But that’s not how traders become successful. Here’s an excerpt from my book, The Art and Science of Technical Analysis (pgs 358-359) that magnifies a key and complex issue that traders face every day: our ego. I…

Traders: Get An Edge By Thinking In Trading Categories

Wyckoff divided the market into an idealized cycle of accumulation, mark-up, distribution, and markdown. Though it can be difficult to apply this model in actual trading, it has many important lessons and can shape the way we think about market action. From a practical perspective it lays the foundation for…

The S&P 500 Chart Setup Into The Fed Meeting

For context: I’ve been bullish on stocks for many years and I’m still very bullish over the longer term (4+ months). However, there are a few factors that are aligning here to create some risks for stock market bulls. This is a story that might be best told in pictures,…

Understanding The Uncertainty Of Our Market Predictions

Most of us who are involved in and write about the financial markets look to the future. Yes, there is a place for theory, and any theory lies on a firm foundation of what has happened in the past—history matters. But what probably matters most to us is what is…

Crude Oil: Beware The Bounce

One of the biggest lessons of technical analysis is that it is important to understand how markets usually move. If we can do that, then it becomes possible (in some cases) to identify what the most probable future price path is for any market.  Let’s consider crude oil in this…

Did Tuesday Provide A Bullish Signal For Stocks?

Major indexes find themselves at a critical juncture. On one hand, longer-term patterns are clearly bullish, the October recovery was such a statistical outlier that it probably reflects tremendous buying support in the market, and we have a (much weaker than is usually assumed) bullish seasonal tendency for the remainder…

Market Masters: The Trader’s Journey; The Hero’s Journey

I am a quantitative-discretionary trader. I have made it one of my life’s goals to understand how financial markets move, to understand how to predict those movements, and to understand the limits of what can be predicted. Much of what I write focuses on these ideas and the reality of…