Trading to win using the Secret Code of the Illuminati

Tag archive for ‘pivots’

Win Today

Win Today

I had expected to be back in the full swing of things today, but some sudden non-market obligations derailed those plans. And no,  not the R7 or the Burner. Beautiful day here, wish it was the reason. Hats off to Fari Hamzei for his outstanding sigma call at 25.5 entry south, targeting the 16 area, […]

Option Weak

Option Weak

Today’s pull back had the feel of a gentle, slow motion carnival ride. The real thing like the thunderbolt leaves me nauseous; this kind of non-action just leaves traders frustrated and off balance. Friday’s resistance held overnight, then price tested the subsequent supports,never mustering the strength to bounce very far. The first hour breakout was […]

See saw day

See saw day

Today was a see saw day. Up and down in a range, with a few head fakes thrown in for good measure. Find the basic range, and trade 80% of the middle is a reasonable strategy for conservative traders. This plan is for range trading. In the chart below you will see the ends as “tails” […]

Required Reading

I was running a chat room today, and a fellow trader asked me how to interpret the PPI results E: I dont know FT: Should we go long or short? E: Short. I said that 10 minutes ago. FT: TV says this should be ok E: Ok, then u can go long if you want […]

Stop stretching

Stop stretching

  Limbering up with some exercise is wonderful for traders, especially if you sit in a chair all day. Getting up, stretching, getting some fresh air into our lungs, and mentally recharging ourselves is healthy for us. Having our stops in the market stretched, however, is annoying at a mimimum, and downright frustrating no matter how many times […]