TRENDING
While we keep whipsawing around and the MMs are driving everyone crazy, now might be as good a time as any to announce an increase in the subscription fee for the Zero. Since its introduction last year it has become an invaluable tool for many of you rats and it’s been really kicking butt, in particular during the last few weeks. Subscribers write me every day about how much they love it and how it has helped improve their trading.
Reasons For Taking A Hike
Unfortunately on my end a growing number of subscribers has also meant a lot more work for me and unless you have ever offered customer support for hundreds of subscribers on a daily basis you have no [...]
Well, I can feel the heat around the corner – the end is nigh:
It’s the last trading day of the month, so please remember that the funds tend to use up most of their buying that day. However, by around mid-day this also leaves the markets susceptible to a decline. So, knowing that leaves us in a precarious situation as we might have a difficult choice to make:
Remember how I repeatedly have pointed towards the Wednesday 913.84 high as our new ‘line in the sand’. This has not changed and this is what you should know about handling a breach of that point:
If we breach 913.84 even by one tick the blue scenario is done for and we [...]Every time you think the tape couldn’t get any worse those cattleprod carrying market makers prove you dead wrong:
It’s 4:06 as I’m typing this and the futures are still whipping up and down. The only good thing about today I can point out is that monster divergence which kept bugging T.K. about today. As mentioned in my previous post – I used it in combo with a 907 hourly RL on the ES to scalp a few points and mitigate the pain a little bit. First I thought I had cashed out too early and was all miffed but then the tape whipped up like crazy again and being conservative suddenly turned out to be a prescient move.
I’m going to hit [...]
2:42pm EDT: I feel like I just dropped the soap in a federal penitentiary. I know this bad and extremely frustrating – I basically just gave up all of yesterday’s gains in my index puts.
I know you are frustrated. Now take the plastic bag off your head – put down the gun – and keep that razor blade firmly lodged in your artery until the ambulance arrives.
Here’s my attempt to bring some order into the chaos we are experiencing. It ‘seems’ like we pained some Wild West Buffallo Bill Rope-A-Dope (a)-(b)-(c) correction. Not sure it’s done yet and I added a short term fib scale to suggest possible targets. 100% means [...]
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