Tag archive for ‘headfakes’
GS BS
Well Warren did his thing with Goldman yesterday, and Mr. market responded after hours with an immediate 22+ point pop.
That turned out to be the high of the day.
Here is a question that I have tattoed on my brain:
“How will the most number of traders be confused?”
The misdirection trade kept eager longs in the buy [...]
The mathematics of motion
Funadmental traders look for reasons why; technical traders look for where and when.
Today’s narrow range finally broke in the afternoon, and the market ratcheted backward testing lower support. Emotional traders who do not understand the potential dynamics of expiration week were whipsawed.
Switching gears from range trading to a breakout mentality requires flexiility in our thinking. [...]
Taming the wild beast
Early in my career, I remember learning from a trader named Ernie Roseman. I read a book and listened to an audio by him, and his main thesis was quite simple: Be a lover of the market, not a fighter.
That was probably one of the best lessons I ever learned. Go with the current trend and [...]
Pick and roll times two
The boys did a great job with the opening pick and roll play. They pick your stops, then go without you. Second entry should be taken if you get stopped out, and is often the winning play.
The setup was the 54.5 premarket high, with appropriate stops behind that which needed to be taken out before [...]
The Itsy Bitsy Spyder
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Jack was at his best in Heartburn.
Tigers cannot change their stripes, any more than bears or bulls can.
Let’s all get on the same page.
Sing along with me, won’t you?
The itsy bitsy spyder…
A main weapon of the boys is ambiguity.
Is the cup half empty or half full?
Let’s try another song to help us remember.
I’m a little teapot…
Like [...]
The Science of Deduction
“Like all other arts, the Science of Deduction and Analysis is one which can only be acquired by long and patient study, nor is life long enough to allow any mortal to attain the highest possible perfection in it.” – Sir Arthur Conan Doyle
If a sleuth as insightful as Sherlock Holmes admits to inadequacy in [...]
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