E-Mini Swing Trading
Discretionary Trading
System Trading
TRENDING
Cotton
Most Recent
 

Setup Tuesday!

Read More
January 27, 2015

Setup Tuesday!

We’ve been through some nasty tape over the past week but I have an inkling that’s about to change. Things are slowly coming into focus and it’s probably not accidental that we’ve got setups crawling out of the woodwork this morning. So it’s going to be a busy morning – grab a cup of coffee or your favorite tea, roll up your sleeves, and be ready to pull that trigger!

Quick update on the spoos – up/down/up/down – I think I’m getting sea sick. Whether or not this is yet another berar trap is beyond me but what I do know is that 2062 remains unchallenged thus far. I know I’ve been sounding like a broken record [...]

2557
 

Tape Phase Transitions

Read More
January 12, 2015

Tape Phase Transitions

No short term setup on the equities front but there’s plenty on our plate across the futures and of course the forex side, so it’s going to be a busy Monday. However the hourly E-Mini today is a great example of how the tape repeatedly transitions through different phases with dynamics (and thus odds) constantly shifting. This year’s first sell off started after a very tightly squeezed Bollinger (both the 25 and the 100 – I’m always using a 2.0 for std dev). It immediately trended down without a single close above the 25-hour SMA.

Thanks to the Zero we actually got in at 1990 but frankly speaking we were very lucky as technically there was [...]

2366
 

Post FOMC Madness Update

Read More
September 17, 2014

Post FOMC Madness Update

Finally this month’s FOMC madness session is behind us. As usual I won’t bore you by regurgitating any pertinent tidbits of the day – if you’re interested in the noise I’m sure you’ll know where to find it. Let’s look at some charts instead – shall we?

Yesterday I told you guys that such a sharp jump off the lows usually suggests continuation higher. So far that’s exactly the scenario that’s been playing out. If you’ve been taking Scott’s hammer time setup – good job and you may now move your stop to the break/even mark.

Interesting range on the hourly day – we touched [...]

1957
 

The Long Con

Read More
September 11, 2014

The Long Con

As you can imagine I wanted to wait out Draghi’s announcement before putting up a post but that didn’t leave me with much time before the bell. So here we go in no particular order:

Equities still in whipsaw mode but I’m actually starting to give the bears more credence here. Neither side has been able to make much of a dent but let’s not forget that 1) the onus is on the bulls to continue the trend and 2) there are really no bears left. In a late bull trend downside corrections are usually generated by a lack of bulls as opposed to being caused by strong selling pressure. Which is why we have seen the tape plot extended tops followed by a quick [...]

4320
Latest Posts
 
Read More
608featured image
Bitcoin At $50k – We Are Back!
 
Read More
147featured image
Bitcoin Is Back On A Rampage!
 
Read More
334featured 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
  • ¡Ave, Mercatus, Morituri Te Salutant!
    In principle all financial market operate in two alternating operational modes, both of which are aimed at evoking a reaction among active participants. It’s basic …
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