E-Mini Swing Trading
Discretionary Trading
System Trading
Archive for November, 2012
Most Recent
 
Read More
November 30, 2012

Only The Paranoid Survive

You all know my motto: Just because you’re paranoid doesn’t mean they’re not out to get you. We are at an interesting junction here and I am seeing signs that point toward possible short term shenanigans¬†on the horizon. Let me show you what I mean:

This is the setup – after a two week short squeeze the E-Mini has bumped into another volume hole and apparently is in the process of gathering strength to overcome it. After all we are heading right into the annual EOY Santa Rally, right?

Except that the VIX has been creeping upward all day. And the rate of ascent does not match the sideways action we are seeing in the spoos, so [...]

1452
 
Read More
November 30, 2012

Friday Morning Briefing

Welcome to our morning briefing. Here we are reviewing short term setups ahead of the NYSE opening bell. If you are a scalper or swing trader then these setups may be of interest to you. As usual keep in mind that these are short term setups although they could be used as early entries for more longer term positions.

By the time I’m typing this the spoos have already touched the 25-hour SMA. A breach lower here may lead us back to the 100-hour. The fact that the 25-hour is flattening may suggest the juice is running out up here. So I’m pretty curious how things will unfold as we are about half an hour away from the NYSE opening bell. I will grab a few ST [...]

 
Read More
November 29, 2012

Let’s Slow It Down

Things are getting a bit messy out there and I have alert signals light up all across my evil lair market console. As you know there are times to strike and there are times to just sit patiently and wait things out. And the tape I’m seeing right now is but engineered to draw in the suckers and drain them of their last drop of blood. It’s a bit like fly swatting – when things are running in circles it’s best to slow down and wait your turn.

The spoos took off over night, stopping me out and putting me in a long position. Of course the crossing of that 100-day SMA had to be done cloak and dagger style – I would have missed a decent entry if [...]

5505
 
Read More
November 29, 2012

Thursday Morning Briefing

Welcome to our morning briefing. Here we are reviewing short term setups ahead of the NYSE opening bell. If you are a scalper or swing trader then these setups may be of interest to you. As usual keep in mind that these are short term setups although they could be used as early entries for more longer term positions.

The spoos started creeping above the 100-day SMA overnight which finally triggered my stop. I am now effectively long with a stop below the SMA as the odds now support a positive EOW and EOM candle painting. Price has spoken and for me it always has the last word.

To be crystal clear – this actually pertains to my medium term positions – [...]

Latest Posts
 
Read More
86buster_keaton_ticker
 
Read More
5526beach_Puerto_De_Santiago_
 
Read More
5665download (3)

 
Read More
2183sheep_herd-1000x647
 
Read More
2753download (2)
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
 
buster_keaton_ticker
Live Tape Reading W1217
 
sheep_herd-1000x647
System Building Lessons continued
 
Yellow_onion_with_x-section
Systematic Trading Continued. Unwrapping the onion
 
yoda-3
Trend Bending Continued
 
hokusai_highlight_snowy_1000
Learning To Read Part 2 – The end of the trend, that was your friend, until it bends
 
old dog
Exercises in System Building – Part 2
Compare
Go