E-Mini Swing Trading
Discretionary Trading
System Trading
TRENDING
Archive for August, 2011
Most Recent
 

Some Stats

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 [...]

1751
 

Volume Pothole

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 [...]

2288
 

USD/JPY Setup

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 [...]

4363
 

Setups For Stainless Steel Rats

Read More
August 30, 2011

Setups For Stainless Steel Rats

Hey, say that ten times in a row. Talking about setups – coffee is quickly turning into one of our big trades of the year:

Frankly, it doesn’t get much cleaner than that. Entry right after a floor had been painted – breach of the NLBL and since then it’s been nothing but one nasty short squeeze. I don’t see one red candle in there – amazing. We took initial profits at T1 and kept a few lottery tickets for a push into T2. The rest, as they say, is history.

Some stainless steel rat is smiling all the way to the bank 😉

Okay, time to earn my keep around here: [amprotect=nonmember] Charts and commentary below for [...]

2760
Latest Posts
 
Read More
488featured image
Bitcoin At $50k – We Are Back!
 
Read More
144featured image
Bitcoin Is Back On A Rampage!
 
Read More
329featured image
What Really Moves Modern Financial Markets

 
Read More
188featured image
Bitcoin Correction Scenarios
 
Read More
172featured image
Bitcoin Hanging By A Thread
NEW! Market Statistics
Cognitive Bias Carousel
  • What Does It Take?What Does It Take?
    The greatest games have always been dominated by the masters of obfuscation, misdirection, misinformation, if not outright deceit. Of course the financial game is no …
Popular
 
How To Pick Great Entries Like A Pro
 
Size Matters
 
A Legion Of Losers
 
Wake Up – Time To Die
 
Why Being Right As A Trader Is Meaningless
 
Welcome To The VOMMA Zone
Compare
Go