Trading to win using the Secret Code of the Illuminati

Coca Cola Trade

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Art of Trading

The pause that refreshes.

Or the Paws that refreshes, not sure which.

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Triangles can be seen all over the place. Some work, some don’t.

This one did.

Most take some time to develop as they build out.

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Premarket, we had the room open early.

We never know if our ideas are correct, but we try to formulate a strategy, and understand that most patterns will take time to mature and evolve.

Flexibility in our thinking is one of the most challenging parts of our business. Understanding the difference between range trading and breakout trading allows us to capitalize on trapped traders on the wrong side of  the trade.

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Welcome any new viewers… a special thanks to our marketing team @marketheist for their efforts with the I show and other venues.

Here is a sample (sanitized) of our chat room commentary. We also have audio, but I try to help transcribe some ideas so members who are unavailable can review at their leisure and learn the Emini wizard system.

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[7:22]  E: db so now the deal is how high can it bounce

[7:23]  E: i think that 14 is key

[7:24]  E: overnight hit middle and rejected

[7:25]  E: so we get inside day… or breakdown and test lower  i think

[7:26]  E: jury still out

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[7:53]  Zeek411: existing home sales and toxic Timmy at 10am

[7:54]  E: av pivot at 4.75

[7:54]  E: same as angel

[8:23]  E: the range is assumed until proven otherwise

[8:23]  E: 02 as assumed support

[8:24]  E: and resistance daily is yesterday high

[8:24]  E: first resistance is the 17 globex high  xxxxx

[8:24]  E: aggressive resistance at the 13.75

[8:25]  E: pp 13.5

[8:30]  E: from the rth chart u can see the significance of the 13 area

[8:41]  E: and fomc tomorrow

[8:41]  E: agreed

[8:41]  E: so be conservative

[8:42]  E: like yesterday

[8:42]  E: hit and run

[8:42]  E: can always re enter

[8:42]  E: what starts as a scalp

[8:42]  E: u hit over and over

[8:42]  E: then when the momo starts

[8:42]  E: join the winning team

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[9:29]  E: “never make this about any one trade”

[9:29]  E: if u get too loaded up… u “defend” the idea and are biased.

[9:30]  Zeek411: and at risk

[9:30]  Zeek411: those are the days that you lose a months worth of profits

[9:30]  Zeek411: never put yourself in that position

[9:30]  Zeek411: boys will find you and beat you

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[9:55] Zeek411: econ news at 10am

[9:55]  Zeek411: plus toxic timmy

[9:56] nirav 777: numba in 4

[9:57]  E: ty

[9:57] nirav 777: de nada sir

[10:01] nirav 777: Existing-home sales dip 2.2% in May

[10:01] nirav 777: Geithner: TARP will cost taxpayers $105 billion

[10:01] nirav 777: YEA RIGHT>….

[10:02] nirav 777: Geither: Credit no longer obstacle to U.S. growth

[10:02] nirav 777: YEA RIGHT….

[10:03]  E: the 7.75 bop xx  is targ

[10:04]  E: and gravy below

[10:04]  E: (smiles)

[10:04]  E: range all we know

[10:04]  E: and this is function of the “idea xxxxx?

[10:07]  E: 5.5 = average pivot

[10:07]  E: 4.75 angel

[10:08]  E: and xx line u c

[10:08] TC 89: I guess fannie and freddie not part of tarp anymore

[10:09] astromom54 __: SPY has been holding its 200d sma, but now trading bout a pt below it, if can’t regain/hold, is mighty bearish

[10:10]  Zeek411: TC89, why?

[10:11] TC 89: 150 bil to 1 tril not part of timmy’s estimate

[10:11] TC 89: lol

[10:11]  Zeek411: that may explain delisting the common and prefferreds from NYSE

[10:11]  Zeek411: hide the losses

[10:12] nirav 777: xxxx

[10:13] Tall Red: went right to it

[10:14]  Zeek411: 1105.88 is 30 min T1 1103 is T2

[10:15]  Zeek411: My job

[10:15]  E: lol

[10:15]  Zeek411: plant the seed of knowledge and thought

[10:15]  E: charts 15 or 10 rth are good for now

[10:15]  E: 60 glo

[10:15]  Zeek411: I may not be a real teacher, but can be teacher’s assistance

[10:15]  E: descending triangle Potential

[10:16]  E: zeek is great teacher

[10:16]  Zeek411: descending triangle do have a decent size failure rate

[10:16]  Zeek411: we are due for one to work

[10:16]  Zeek411: 04.5 is rth xxx target and 02.5 is demon xxx target

[10:17] astromom54 __: take that tri top line and extend from 1st low to make channel, often w/bounce when hits it

[10:17]  E: ty

[10:17] astromom54 __: if tri breaks, of course

[10:18]  E: stay aware of time

[10:19]  E: out most here at 6

[10:20]  E: 5.75 targ z called out

[10:23]  E: [10:14]  Zeek411: 1105.88 is 30 min T1 1103 is T2

[10:23]  E: great call

[10:27] nirav 777: pg 1109.5

[10:27]  E: ty

[10:28] TC 89: rth xxx at 1109.75

[10:32]  E: ty

[10:33]  E: rth demon 11angel is 8.25

[10:35] nirav 777: yeeaaahhhaaa.

[10:35] nirav 777: sort of..

[10:36]  E: take prof at angel

[10:36]  E: = av pivot

[10:36]  E: broke first xxx

[10:36] astromom54 __: measured move, glo, from yest’s drop ~1192

[10:36] nirav 777: angel was 4.75

[10:36]  E: this is xxx move

[10:36]  E: from rth hi

[10:37]  E: cannot add here

[10:37]  E: can trail

[10:37] nirav 777: where did I get that from?…lol..

[10:37]  E: take profits

[10:37]  E: lol

[10:38] nirav 777: 5 day gann from low is 1100.31

[10:38]  E: av piv magnet

[10:41] nirav 777: xxxx trade is pretty much done.

[10:41] nirav 777: ?

[10:42] nirav 777: Expect a boune to 1109-1111 if 456 xxx

[10:42] nirav 777: but fwiw

[10:42] nirav 777: what do I know…

[10:42] nirav 777: lol.

[10:42] nirav 777: feeling much better today….

[10:42] nirav 777: shook off the head cold..

[10:43]  Zeek411: bbl

[10:43] nirav 777: E- 15 glo is right at the rainline..

[10:43]  Zeek411: after 11am look for European close to influence our market

[10:44] nirav 777: zeek you tink the euor aree in play today

[10:44]  Zeek411: 04.5 is rth xxx

[10:44]  Zeek411: European close xxxx

[10:44]  Zeek411: will change, but not yet

[10:44]  Zeek411: don’t get trapped more than anything else

[10:44] nirav 777: zeek what ticker are you looking for euro market

[10:45]  Zeek411: be conservative and use what E gives you to help

[10:45] nirav 777: for so

[10:45]  Zeek411: I don’t watch European close, but Dax is the one to watch

[10:45] nirav 777: thxx…

[10:45]  E: 60 chart rth is key i think

[10:46]  E: need to break that support

[10:46] nirav 777: bears win xxx

[10:59] nirav 777: hmmm…

[10:59]  E: the 04 important from the xxxx

[10:59] nirav 777: our charts don’t lkne up again.

[11:00] nirav 777: i’ve got a black current hourly candle

[11:00] nirav 777: oh okay i know why

[11:00]  E: 10 to 11 middle idea also imp today now

[11:04]  E: it is range so far

[11:04]  E: and the xxx idea still viable

[11:05]  E: dont ot

[11:05]  E: scalping all we know

[11:05]  E: hit and run

[11:05]  E: bias was range

[11:05]  E: build triangle

[11:05]  E: if that is correct

[11:06]  E: it takes time

[11:06] nirav 777: time and 1103.25 breakage

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[13:25]  E: the key to trading…

[13:25]  E: in my opinion

[13:25]  Zeek411: turning screws helps me to think

[13:25]  E: is to recognize type day

[13:26] E: recognize breakouts

[13:26]  E: trade within yourself

[13:26]  E: meaning dont overleverage

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[14:23]  E: and whole key right now is this 02 area

[14:42]  E: 1110.25 still resistance

[14:42]  E: xxxx

[14:43]  E: xxxx

[14:45] nirav 777: yyyyyyyyeeehahahhah

[14:45] TC 89: yehaah!

[14:45] nirav 777: 1095 % day gann

[14:45] nirav 777: low

[14:45]  E: yehaa

[14:46]  E: appreciate any posts on twitter to help jeremy with his marketing

[14:46]  E: 96.75 t1

[14:46]  E: hit

[14:46]  E: triangle plays out

[14:52]  a911: what means “if we get 94 test respect it”

[14:52]  E: doont expect it to break it

[14:52]  a911: right

[14:53]  a911: 93.75

[14:57] nirav 777: wow, stepped away..

[14:57] nirav 777: found aplesant surprise

[14:57]  E: great trade

[14:57]  E: 3 pm

[14:57] nirav 777: mystop didn’t get me out..

[14:57]  E: careful

[14:57] nirav 777: first time i didn;t get one ticked on a pb

[14:57] nirav 777: lol

[14:57]  E: collect profits

[14:58]  E: can go to any day low

[14:58]  E: just so u know

[14:58] nirav 777: moved stop to 95.5

[14:58] nirav 777: risk 1 point for trailer

[14:58]  E: xxx target hit

[14:58]  E: xxx

[14:59]  E: rule of thumb

[14:59] nirav 777: and so i get 1 ticke dout..

[14:59] nirav 777: lol… but hey still got over 10 points on that trade..

[14:59] nirav 777: overall

[14:59]  E: very nice !

[14:59]  E: wtg

[14:59] nirav 777: five up and five down… lol

[15:01]  E: that triangle worked  beautiful

[15:02] TC 89: great eyes and call

[15:03]  E: ty

[15:03]  E: 1102.25 pg

[15:03]  E: as resistance area

[15:14]  E: started at xxx

[15:14]  E: when broke

[15:15]  E: then the xxx

[15:15]  E: then the 93 area =xxxx

[15:15]  E: so no need to re invent wheel

[15:17]  E: after xxxx

[15:17]  E: trend day

[15:17]  E: major target hit

[15:18]  E: protect profits mode

[15:18]  E: be conservative

[15:18] TC 89: dfd, gn all! )

[15:18] TC 89: ty E

[15:19]  E: uw “)

[15:20]  E: go play if u made it

[15:20]  E: 98.5 is mp and average pivot

[15:24] astromom54 __: 88?

[15:25]  E: 90 is t2

[15:25]  E: and may come back and tag 1102 we just never know

[15:25]  E: cuz late

[15:25]  E: this was retest

[15:26]  E: i would not over do it

[15:30] nirav 777: futia on the money today…

[15:30] nirav 777: bang baby he is back

[15:30]  E: i respect him

[15:31]  E: committed bull

[15:31]  E: still can be flexible

[15:35]  E: yeehaa trade T2

[15:37]  E: fibos look at yest and then see the breakdown targs that method

[15:37]  E: 1.5 etc

[15:43]  E: so bracket right now is 98/90/94 mid

[15:46]  E: 93.5 potential angel

[15:46]  E: more clarity

[15:46]  E: on big pic

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Sometimes we find clues after the fact. Study and further inspection allows us to see a deeper perspective.

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FOMC tomorrow, so no sense making too many plans until we see how that plays out.

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For another day, the frog is in the  pot swimming backwards… and starting to feel the heat…

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