E-Mini Swing Trading
Discretionary Trading
System Trading
Net-Lines
Most Recent
 
Read More
July 5, 2016

Market Update For Purists

It’s that dreaded day after Independence Day. The weather is gorgeous and I don’t really feel like trading either. The thought of just phoning it in had occurred to me, but as the new month just rolled over I thought I may as well take another peek at our monthly charts. Which uncovered quite some interesting perspectives that I’m eager to share. But no worries – we’re keeping it light and easy today. Consider this a purist’s approach to market analysis as we’re going to ignore everything but Net-Lines.

8850
 
Read More
August 21, 2015

Long Term Support

Something rather interesting happened yesterday during the E-Mini session. Granted it was a bit subtle but perhaps some of you veteran subs picked it up as well:

More specifically it’s something I saw on the Zero Lite after I marked a pretty significant bullish signal divergence, meaning price was meandering down while selling pressure was abating. Our modus operandi when confronted with such a divergence is to start looking for price confirmation in order to take out a contrarian entry – in this case a long position. Only problem was – price never budget. Participation continued to contract and then completely flatlined with the tape dropping lower [...]

9159
 
Read More
July 15, 2013

Uncharted Territory

The price action in equities today reveals renewed imperviousness to gravity which is a bit surprising given the chasm we are facing on the volume profile panel. I am a bit conflicted up here – there are reasons to be bullish and reasons to be bearish.

As a trend trader there still are no reasons to pull positions. But as a discretionary daily trader I am a bit uncomfortable following the bulls higher as we are heading in uncharted territory – and that at the onset of the vacation season when participation is expected to fall.

Let’s take things from the top. The more medium term SPX P&F panel (by P&F standards) shows us a [...]

2105
 
Read More
June 24, 2013

Monday 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.

I actually meant to post a weekend update but somehow wound up wiping out my Windows installation, thus condemning me to a weekend of recreating my workstation from scratch. Yes, I do backup religiously but my bootcamp partition wasn’t covered by time machine – fortunately I back up my Windows data separately twice a day. As the old saying goes [...]

Latest Posts
 
Read More
3948meditation
 
Read More
4270bull_on_steroids
 
Read More
40572017-02-15_housekeeping

 
Read More
3018bad_comedy
 
Read More
2293bird_on_hand
Cognitive Bias Carousel
  • Anchoring And The BandwagonAnchoring And The Bandwagon
    I’ve been tangentially following the news at a safe distance over the past week and frankly felt tempted to pinch myself every once in a while, just … more
Popular
 
artificial-intelligence
The Futility Of Predictions
 
2017-01-12_classroom
Class In Session
 
walter_cronkite_laughing_man
Welcome To 2017
 
statistics-3d-copy
Blast From The Past: Statistical Musings
 
dinos
Ten Trading Rules For Avoiding Extinction
 
purgatory
The Emotional Purgatory Of Cognitive Biases – Part 1
Compare
Go