Trading to win using the Secret Code of the Illuminati

Tag archive for ‘consolidation’

Roll ’em

Roll ’em

Roll ’em. In the big Casino, roll a pair a dice. [10:32] E: stolen range = we made today’s money yesterday ————– 08:15] E: i generally prefer scalp short matd [08:16] E: til clear evidence that market is bouncing and trying to skin the shorts [08:16] E: not yet [08:21] E: trailers short may work […]

Dead President’s Day

Dead President’s Day

  “Sup, y’all.. Who dat be talkin about da Pres’dent? My main man, feed me, clothe me. Pay for my Lexis two. He just playin’ follo da leader after all dose other Prez showe ‘im how itz done… —————- Faces on one side of our money. E pluribus unum on the other. We all need […]

Poo Tee Weet

Poo Tee Weet

I noticed a popular trader remarking how quiet it was today, like a library. He seemed surprised. ———– [08:16]  E: we used up some of today’s travel range already i think [08:16]  E: i will agree i am wrong [08:16]  E: if it proves otherwise [08:16]  E: someone on twitter calling for same range up […]

Greased Lightning

Greased Lightning

Greece is in the news, and will continue to drive markets for awhile. —————– Premarket, the trade was weak, and trend well established. If we get our major premise right, then we have a chance to win a few laps in the race. Premise today? Forty points off the overnight high, so shorting at the […]

The Mentalist

The Mentalist

  *Spoiler Alert* ================ If you didn’t see the season finale of  The Mentalist… read no further until you do if you don’t want any clues. ================ And now, a word from our sponsor… What clues did I see… interestingly they jumped vividly off the screen. Old blabbermouth started to look at my wife… (she […]

Range Riders

Range Riders

Like the day after Thanksgiving, we are still hungry but need time to digest a big meal. A token new high was made, but 40 pts in 2 days, with 15 of those points being scored in the globex session, left a need for consolidating. If we guess correct about the type of day, then […]

Range bound

Range bound

In what many thought was going to be an option expiration ramp day up ended being a restrained day of measured pace. You know the drill, summer Fridays at the office in August are for the recreationally impaired. The work is done early, then it’s party time. I hope you play by the same rules; life […]

The paws that refreshes

The paws that refreshes

It has been said that Bulls lift the market up with their horns, and Bear markets slap you down with their paws. Who knows whether we are in a Bull or a Bear market, I am certainly not bright enough to know. Let the analysts continue guessing; I am happy to take my slice out […]

What goes up, must come down

What goes up, must come down

Gap up, trap early shorts, consolidate, squeeze them. Consolidate, pull back as profit taking, keep pulling back squeezing the longs. The numbers change, but the patterns are familiar. A news report like the CPI is an excuse to move the market, and hapless traders get stopped out several times on the short side. Finally giving […]

Home on the range

Home on the range

Consolidations wear over-traders out. Today was such a day. Transparency in the market is seldom obvious, but today was an exception. The resistance held as expected, and support came in right on cue. As an administrator in a popular chatroom, I advised traders correctly to the tic. Obviously I can’t be that accurate everyday, but it is […]