Trading to win using the Secret Code of the Illuminati

Tag archive for ‘gap and go’

Washout Low

Washout Low

Pay attention to Angels. ———- One thing I respect is a class act when I see it. Second place finish, but a true gentleman and a Master at his craft. ———- The difference between winning and losing is often only a matter of inches. ———- Yesterday the shorts could do no wrong, today very little […]

Love Story

Love Story

E: most traders fall in love with longs at new highs and shorts at new lows 4 days / 50 points ago … now we love the long? #EMWS – Twitter 4.10.13 —————– Not much to say. This is not about me and my ego. Mine is tiny, and I am keeping it that way. —————- Friday’s […]

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 […]

Rain Dance

Rain Dance

Fade and pray. Odds were better for the short, so take it. …and Prey. ————- 8:33:13 am E: above blue line 8:33:33 am E: needs reversing from 69 stop The Emini wizard System is alive and well… ————- The Professional edge… when you are ready to add to your arsenal of tools. Understanding market structure […]

No Heroes

No Heroes

Forget calling tops. We will be wrong five times before being right once. —————— The Half gap 29.75 we had as support at the open, long side bias to squeeze traders. The 24.5 retest held overnight, and 26+ triggered the assault today in above the blue line trading on all four cylinders. Why fade early […]

Fluffer Nutter

Fluffer Nutter

  Monday’s Year end window dressing has left the station, with longs convinced it will never rain again, and shorts still out of breath from back-pedaling against the squeeze. The Boyz support held near 82, and it was off to the races. The Angels flew all day, and in a display of brute force, the […]

Naughty or Nice?

Naughty or Nice?

Rudolph led the team today. He had visions of sugar plums dancing in his head, while the shorts were mauled, and left for dead. —————— Not exactly the PC version of the story, but hey why not. ——————- We waited 5 minutes at the open, thinking shorts would get jammed. We prefer to see evidence the squeeze […]

E Motion

E Motion

Have you noticed the least helpful ideas in the market commentary tend to be emotional? Speculation and banter, kibitzing on line largely for entertainment value is one thing. Making money out of those thoughts and market gyrations is another. —————- A few years ago, while reading, I came across one of the best questions about […]

You’re Still the Same

You’re Still the Same

Some things never change… —————- I am a relic, a throwback to days gone by. ———— I freely admit that, and state that humbly. Not with pride or arrogance; nor with a sense of nostalgia. And most certainly not with contempt , or envy, for the young. It is what it is. Chevy began building […]

Woolworth Trading

Woolworth Trading

The five and dime charts were on the money today, as usual. The 30 and 60 were also in play, and guided us in our bounce hitting behavior. Oops, I thought everything was bullish? ——– The Bear jumps, so the only way to participate short side is aggressively at the open and then patiently as […]