Trading to win using the Secret Code of the Illuminati

Tag archive for ‘gap’

Eye Balls

Eye Balls

  Don’t be stubborn. Be a lover of the market, not a fighter. There are Alligators lurking everywhere lately. ————– I want to know where their eyeballs are, and assume their jaws are just below it. ————– Congratulations to both Louisville and Michigan…warriors extraordinaire… Out of 64 teams, in the end, both of you are […]

Simple Minded

Simple Minded

Fade 97 buy 82. ———– Our system can be complex or simple. I like simple. Today we expected a quiet consolidation, after yesterday’s rabid dog day. In the wake of a 40 point plunge, a fifteen point rotation seemed about right. ———— Remember a few weeks ago the churning 13.5 point range all week? ———— […]

I Want to Know…

I Want to Know…

I want to know… ———————– Why the Bears so Bearish? Why the Bulls so Bullish? ———————– Why traders want to beat their brains out guessing every little wiggle during lunch? If we have to work hard to figure out what today’s “logical trade” is, then better exercise caution. Hit and run. Think small bites. Accumulate […]

Chart in play

Chart in play

Today’s chart in play helped us to see the potential dynamics as they were, rather than get faked out by our emotions of greed. The primary morning trade we were lucky enough to get from the 23 high, with scale out partials and a major target at the 16 area. “We better respect that 15.5” […]

Continuation Continues

Continuation Continues

    Friday’s close was bracketed by the overnight open and the globex low. We suggested in Friday’s column that the vix divergence may signal a bounce. So far, so good. Turkey day is around the corner, and the market needed to make up some time for the lost day or two, so it was […]

Ms Direction

Ms Direction

  Unlike the NFL, the formidable Ms Direction showed her face today with an old play an no new twists. The gullible, blind, newbies, and intellectually lazy were the only ones caught by surprise if they bought pullbacks today. Friday’s last hour heroics and then the overnight ramp in light volume left little to be […]

The Plunger

The Plunger

After the huge gap down open, today’s move was sideways range trading until the nasty late day plunge that squeezed the early longs out, then squeezed the late shorts who didn’t recognize the EOD trade. What a game. The Boys took away 35 points of travel range overnight, leaving the shorts worried about shorting too […]

Freaky Friday

Freaky Friday

The best words of advice I know: If it’s too low to short, go long. Manage the range trading. Expect the unexpected. That means traps on both sides. Stay one step ahead in thinking and figure out “how the most traders will be confused.” Economic news is the order of the day, and manipulators use […]

Deja vu

Deja vu

These wonderful lines are from the movie deja vu. Doug Carlin: What if you had to tell someone the most important thing in the world, but you knew they’d never believe you? Claire Kuchever: I’d try. [last lines] Claire Kuchever: What if you had to tell someone the most important thing in the world, but […]

Fire works

Fire works

Friends emailed me their thoughts premarket, both theirs and some “gurus” they follow. 1295! 1288! 1303! 1305! They were sure fired up about our promising bounce. The higher numbers were suggested by their gurus as where we were headed today. I wondered what charts they were looking at. The 1252 was a lower low and the […]