Trading to win using the Secret Code of the Illuminati

Tag archive for ‘fibonacci’

Face Ripper

Face Ripper

Punishing day for losers who don’t believe in stops and average in… Dangerous markets indeed. The 1.61 extension not yet achieved, but nearer. “The gap at 1438 is still intact… and “shorts will be squeezed until that gap is undone.” Many moons ago. Line of least resistance is still up. ————- Ironically, Stops are for […]

Klepto Maniacs

Klepto Maniacs

Stolen range day. ———- Market used up today’s food stamps yesterday. I keyed  off NQ. ———— Plan was to assume yesterday’s low as support, and range trade. The details were posted… The numbers may change, but the game doesn’t. Criminal handbook page 45 said shorts needed to bring their game today for continuation. My bet […]

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 […]

Fail Safe

Fail Safe

Many traders probably lost today, and likely because they didn’t know how to fail safely. Probability always enters the picture. More importantly, education, discipline, and capital are required. ————— “Short side” I hollered. Pre set target was 97, then 95 area. 94.5 is a high value target achieved. Jump in and give it a few […]

FOMC Fibo Follies

FOMC Fibo Follies

Well, wasn’t that something? Timing, like we have said many times before, is important in this business. Do you remember the other things that we suggested are worth noting? P,P,T,P,R? Breakout day, so bias long for a retracement. Price could go to any day high; it blew through the 900 magnet, then tested the 03 as […]

Bounces Happen

Bounces Happen

The market conformed to a high probability trade today, albeit at it’s own pace. We speculated in last evening’s post that the market might need to bounce, as we have pulled back 50 points or so. The overnight dead zone may have been precipitated by waiting for the 8:30 report; more than likely it needed the […]

You got to know when to hold ’em…

You got to know when to hold ’em…

Kenny Rogers would say “You got to know when to hold them, and when to fold them.” The usual suspects were all available;head fakes, traps, support and resistance. Our market tends to range more than it trends, so I am always looking for hidden pivots. The market loves to hit the middle traders lately, and […]

Fibo Fun

Fibo Fun

  The retracement continued today, and bottom guessers were rewarded all day long with a slap in the face and empty pockets. Oh yes, the contra did work for a 20 point bounce for an hour, then the selling resumed. Market rhythm is a thing of beauty, and is a worthy field of study. Seeing […]

Confuse us says: The long and short of option expiration

Confuse us says: The long and short of option expiration

Option expiration is a study in volatility. If you accept the premise that wall street insiders have an edge, then you are ahead of the game. The trick is to synchronize our mind with theirs, and stay one step ahead of the pack rather than always being a step behind. If you also accept the […]

Fractals

Fractals

If you have had the intellectual curiosity to investigate fractals, your journey has certainly crossed paths with The Mandelbrot Set. Repeating patterns occur regularly in nature and in the markets, with self-similarity but not necessarily with exact precision.  The golden ratio has been popularized in wall street folklore, and any serious student of the markets […]