E-Mini Swing Trading
Discretionary Trading
System Trading
Archive for October, 2009
Most Recent
 
Read More
October 31, 2009

A Trader’s Guide (Introduction)

This is Michael Davey from Centrifugal Deforest. Regrettably (for you dear reader), the rumors circulating are indeed true. An apparently desperate Molehost had invited me aboard his Evil Spectre, in order to fill-or-kill a little empty space and comment on the event horizon. My purpose is simple – I’ll be holding rat hands while bobbing flotsam tides and jetsam streams, trading together in this ever amazing, shall we say special, marketplace.

Ha!

In your face, frothing tough love perhaps (and you deserve it!), but my hand shakes something awful, while my palms are humid, flippant and mercurial. You’re on your own Einstein. Kudos to the human race.

If [...]

18754
 
Read More
October 30, 2009

Bull Smacking Friday Rub Down

Everyone at the evil lair is wearing party hats today as we banked some major coin. This evil megalomaniac closed the day 40% up – which might be a personal record. Of course much of that ill gotten gain will soon have to be relinquised and I tell you why:

The Zero shows a solid down day again on all fronts. What’s also important to note is the signal strength of today’s drop versus the signal during yesterday’s pop higher. A reasonable point of view would be that the trend has now changed to the downside – but – I don’t want to be hasty here – let’s see how far Monday’s snap back will get us.

Also [...]

8703
 
Read More
October 30, 2009

Time To Bank Some Coin

We have not only breached that important low I pointed out this morning, we also dropped to a point where I feel more than comfortable (calling George Carlin! :-)) to cash out my November chips:

I simply measured the length of what I consider a textbook third wave (okay, not necessarily on the Dow, but sue me) and projected its length on the current drop. Voila – we’re right at the 61.8% fib line and this is where I say goodbye. And yes, I am holding my long term puts over the weekend – those suckers are either going to expire worthless or I’ll invite you guys to my private island party next year 😉

2:03pm EDT: innatedc alerts us that [...]

 
Read More
October 30, 2009

What Needs To Happen Now

Morning my intrepid stainless steel rats. Forgive me late appearance but I simply couldn’t roll out of bed this morning – had to catch up with some much needed sleep and my bed was way too cozy and warm. You can blame that damn heating blanket Mrs. Evil bought me a while ago

Okay, so this is what has to happen now – per the chart above we now need to see yesterday’s lows (SPX 1042.19) to be taken out with conviction. And that’s pretty much it, folks – really nothing to be said about the wave count.

Nice move also on the Dollar front – and similarly we need to take out Wednesday’s highs (78.58) and that [...]

Latest Posts
 
Read More
3980panning_gold_1889
 
Read More
25292016-08-23_clay_davis
 
Read More
33142016-08-22_wet_cat

 
Read More
32762016-08-19_UP_DOWN
 
Read More
48252016-08-17_chicken
Cognitive Bias Carousel
  • Herding BiasHerding Bias
    Something very interesting happened during our trip back to Valencia last Sunday. After checking our luggage and passing through the airport’s security procedures we had a … more
Popular
 
good_will_hunting
Option Basics – Credit Spreads
 
einstein
Option Basics – Debit Spreads
 
fraternity
Option Basics – The Greeks
 
arnold_skool
Option Basics
 
brain
How To Debug Your Brain
 
TheFlawMain
Flawed Technical Analysis And Other Fallacies
Compare
Go