So you may have noticed that the site is a bit of a mess right now. After seven glorious years of Evil Speculator goodness it was time to redecorate the lair and bring it up to modern browser standards. Quite frankly a thorough overhaul had been long overdue and it would have happened a lot earlier if had I not constantly been bogged down with system development and other related projects over the past two years.
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.
Hope you had a relaxing weekend but now it’s back to work! This week should be extremely interesting, so let’s pay attention, shall we? The common theme I’m seeing once again is the 25-hour SMA serving as resistance across various verticals. Here is crude making a haphazard attempt of a breach and being denied entry. I wish I was around [...]
I’m in the midst of reimplementing the Mole indicator into NinjaTrader and I am loving it. For six months after my move to Spain my hands were tied due to most of my equipment sitting in storage back in Los Angeles. My recent trip’s purpose in part was to retrieve some of the tools and backups that I had left behind in all the confusion of breaking up my tent in California.
Here’s a little sneak peek – I’ve managed to plot all three main signals and they look very near to what I’m seeing on the TOS side. The small differences you may see are not due to my code, it’s in the underlying data. And this may actually turn out to be [...]
I’m having so much fun today this ought to be illegal. I reckon it probably is back in California, the realm of the beautiful people, insulting bar hours, and pointless regulations. Good thing I moved to Spain where it’s customary to get stock drunk after a good day’s trading, get into people’s faces whilst spilling cheap beer on their chic European outfits. Yup, all legal over here – you ought to visit sometime.
Actually in all seriousness some guy at the moto rental store here in Valencia told me that you can buy stolen bicycles every Thursday at the local football (don’t say soccer) stadium in the early morning around 6:00am. So if your [...]
Sunk Cost Effect
