E-Mini Swing Trading
Discretionary Trading
System Trading
Yen
Most Recent
 
Read More
February 12, 2016

What Goes Straight Up

What goes [straight] up must eventually go down. However when exactly a symbol which has turned exponential runs out of fuel is the more important question. Once emotions reign high all bets are off – or in this case all bids are on. You may recall that I was pointing at gold the other day and suggesting that we may see another wild push to the upside.

Which is exactly what we got and I’m pretty glad I got out of my short position at break/even. We are now seeing an obligatory pullback but medium term this thing may have legs.

Just FYI – the P&F claims that we met the bullish price objective. However I wouldn’t really think [...]

13838
 
Read More
June 13, 2013

Fifty-Two Shades Of Pain

While trading the swings has been fun in the past two weeks I can understand if some of you may be running out of patience at this point and are perhaps even considering to throw in the towel. As a trader it’s very important to constantly self-analyze your emotions – in a way you have to become your own personal shrink (unless you can afford one sitting next to you during trading hours). It’s certainly frustrating to be just ticks away from a juicy long setup, only to be followed by a systematic sell-off. A day later we are a mere bagel throw away from a weekly short setup, and up she goes again. Whatever your emotions tell you – do your best to ignore them. [...]

 
Read More
May 8, 2013

Wednesday 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.

Gold on the run this morning and it’s approaching its 100-hour SMA. We should see some resistance there but don’t be hasty and wait for the candles to slow down.

Forex is off the hook this morning. Let’s start with the USD/JPY which is preparing for a big move. Which direction of course is the big question. I do like the [...]

 
Read More
April 23, 2013

Tuesday 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.

While equities are slowly bubbling higher (a.k.a. ‘the slow bear roast’) I’m not seeing anything exciting on the setup front. The only three piggies I was able to hunt down were hiding out in the Forex cave. Here’s the USD/JPY still in the process of testing its 100-hour SMA. There’s also a NLBL right above which is [...]

Latest Posts
 
Read More
996draghi_euro_ECB
 
Read More
2650baldrick
 
Read More
2482make_it_rain

 
Read More
2453basejumper
 
Read More
4873hustlin2
Cognitive Bias Carousel
  • Sunk Cost EffectSunk Cost Effect
    The tendency to treat money that has already been committed or spent as more valuable than money that may be spent or acquired. Also known … more
Popular
 
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