E-Mini Swing Trading
Discretionary Trading
System Trading
Archive for August, 2011
Most Recent
 
Read More
August 31, 2011

Some Stats

Lots of noise out there. Lets keep it simple. I dont mean to post over Scott, but need this to go out today due to the FDOM (first day of month) stats. Please read Scotts post.

I (volar) just got caught up with vacation, and I always re-read my favorite books on vacation. Many traders look for trading answers, I look for understanding. What do I mean by that? Well I dont read books that tell you “how to make money.”  I suggest New Market Wizards- the piece by William Eckhardt is the best written material I know of to this day (next to some of Taleb’s stuff).

I know some of you dont like stats, but if you dont understand true market distribution, well [...]

1671
 
Read More
August 31, 2011

Ready, FIRE, aim…

We are fast approaching what I believe is to be an *outstanding* intermediate term shorting opportunity.

But not yet. Lets be good rats and do some homework before the day of judgement arises, hey?

So yesterday I said that we should be getting out of longs very soonish because resistance was just ahead… lets see what actually happened.

Now thats not a prediction, just an observation. We have 2 scenarios here….

1) The Market has corrected and this rally will continue on to be a powerful new up-leg 2) The market is in a corrective phase before continuing down.

Obviously the evidence does not support the hypothesis that the uptrend [...]

551
 
Read More
August 31, 2011

Volume Pothole

Although the tape looks pretty straightforward on a daily SPX chart the journey intra-day has been filled with traps and tribulations. What comes next may be determined by whether or not we’ll make it across this gaping pothole:

I posted this twice in the comment section yesterday but got very little response. Which surprised me a little as the implications of this chart are rather significant. As Scott already hinted at in his own update – we are in a low volume rut right now and I expect quite a bit of churning before we get resolution here. But let’s assume the current long squeeze does not extend and we are able to bridge the gap here – what [...]

2255
 
Read More
August 30, 2011

USD/JPY Setup

FX traders rejoice – I’m seeing a very promising setup in the USD/JPY right now.

This one almost got away – fortunately it showed us professional courtesy and waited around long enough to afford us a good entry at a defensible position. [amprotect=nonmember] Charts and commentary below for anyone donning a secret decoder ring. If you are interested in becoming a Gold member then don’t waste time and sign up here. And if you are a Zero subscriber it includes access to all Gold posts, so you actually get double the bang for your buck. [/amprotect] [amprotect=1,13,9,12,5]

Technically we appear to be sitting on support here. Note how we have [...]

Latest Posts
 
Read More
914Riders participate in the 74th "That Famous Preston Night" Rodeo in Preston Idaho, August 1, 2009. The annual event is billed as one of the region's biggest rodeos, bringing top riders and thousands of fans to the small southern Idaho town. Photo by Colin E. Braley
 
Read More
6346time_to_strike_the_iron
 
Read More
4234dinos

 
Read More
4322drevil_dow_prediction_large
 
Read More
3343purgatory
Cognitive Bias Carousel
  • Loss AversionLoss Aversion
    The tendency to treat money that has already been committed or spent as more valuable than money that may be spent or acquired. Imagine two … more
Popular
 
dinos
Ten Trading Rules For Avoiding Extinction
 
purgatory
The Emotional Purgatory Of Cognitive Biases – Part 1
 
2016-09-01_glenn_gould
Practice Makes Perfect
 
good_will_hunting
Option Basics – Credit Spreads
 
einstein
Option Basics – Debit Spreads
 
fraternity
Option Basics – The Greeks
Compare
Go