I just had to put together a wrap up video of yesterday’s session. That monster divergence had to be seen to be believed. However, that said – everything always looks clear in hindsight. So let’s run through the session one more time to see where you could have jumped on the gravy train.
Enjoy a re-run of today’s E-Mini session exhibiting participation as measured by our Zero indicator. On the left side is the hourly panel and the Zero Lite runs on the right via the 5-min panel. Swing traders and scalpers are encouraged to watch the 5-min panel for early clues – in particular price/signal divergences and lack of participation as expressed by a [...]
Conceding we have very little technical context right now I however do love the short term panel on the E-Mini right now. Without further ado – here’s our evil scheme for the day: Grab a small short position here until about 1960 (we’ll have to watch the Zero after the open). If 1960 gives then I’m long with a stop below the current spike low near 1940.
Absolutely brilliant session today. We nailed the entry perfectly this morning and it’s been banking coin all the way into the close. The Zero was awesome all day pointing upward with only a brief scare near the EOS.
As the saying goes. Don’t hate the player, hate the game. I’ll pop in tomorrow if there’s anything interesting to report.
Alright, picture this scenario. It’s two days before Christmas and participation is drying up. Equities continue to run in churn mode near a medium term support zone. Patience is running thin and retail is shifting its attention from watching charts to wrapping Christmas presents and preparing for a seasonal culinary onslaught.
Sounds exactly like the type of tape that would tempt me to go hunting for entries. I didn’t grab a long position yesterday as I was bogged down with site development and dealing with lazy customer alienating Spanish shipping companies. On the upside my Spanish curse word vocabulary is growing steadily. Anyway, this is my next best [...]