Tag archive for ‘late day breakout’
The Battlefield of our Emotions
We called the primary battlefield for the morning trade as the 42/32 range. That held up as the premise reasonably well until the late day breakout.
I was a guest in another traders room today. As usual I was pretty quiet, just observing the emotions of the smaller traders. It is a good way to get [...]
$#^!&#*%! grrrrr: Are you MAD?
I have heard from a number of my trader friends and they tell me they were mad today.
Were you?
If you were, then you weren’t alone, but you obviously need help.
You are a fighter, not a lover.
You are MAD, and you will continue to hand over your hard earned money because you don’t “get it”.
That includes [...]
The Market Speaks…
In yesterday’s post we discussed the possibility of a ferocious rally, and we finally got it with a punctuation mark!
Shorting rallies this past year has been quite profitable, and we said it makes sense to continue shorting until it stops working.
Today it stopped working at the 2 o’clock pivot.
Shorts who developed bad habits lately and [...]
Late day breakout
After simmering all day long, the market finally broke out late day as it did an end run around Friday’s high.
What are the cues that trigger your bias long or short?
We have to make a choice, and usually one decision is better than another when viewed from the perspective of hindsight.
Sometimes it’s easier to play [...]
Ride the Wave of Life
Riding the wave of trading is easy once you learn how.
Riding the wave of Life is a lot harder for most of us.
Austin Passamonte has written a great article that I would like to share with you. It puts trading, or any other business for that matter, in perspective.
The 43 bar slim jim caged the shorts and [...]
Friday the 13th
As is normal in the summer, the boys left early for their life of leisure near the shore. Volume was light, and the tick charts showed that they were not particularly active.
Their game plan, however, was easy to anticipate. Get it done early, buy it on the pullback. There has been a 30 point bounce already [...]
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