Trading to win using the Secret Code of the Illuminati

Tag archive for ‘profit taking’

MATD

MATD

MATD was the bias, but likely to get at least a ten point handle pullback. From where and when was the question. Bells dont go off at tops or bottoms, if you know what I mean… MAD if you missed it, but edge was in the pre market short, then the fly through both ways […]

Blue Bayou

Blue Bayou

Today’s Problem? Stolen Range. ——— CON (men) Text is everything. ——— At the outset, Greece and all the problems of the world say watch out. ———– We were watching out, from last Thursday. We blew through the natural target today at 42, then challenged the high odds test at 36 after 39.25 let go. ———- […]

Ace is Wild

Ace is Wild

What happens in the Private show stays right here. ———– Actually, we share much more than we have to, it helps us be better traders, so we continue studying and sharing. ———- [08:21]  E: xxx 42 becoming pivotal [08:45]  E: 42.25 magnet is hit [08:46]  E: lock up some gold We had a discussion about […]

Visionary Eyes

Visionary Eyes

The Illusionary Trader lacks perspective. ————– Spellbound by our favorite indicators, wave counts, quants with their math, and most of us with subjective patterns, we are all eager to share our vision of every little wiggle of the day. Kudos to those who can do that successfully and type their++ results within a nano second […]

The Giraffe

The Giraffe

Git ‘er done Friday. —— Our system is focused on targeting the numbers. I believe our real strength, however, is teaching our traders why we think something will happen. —– That’s not to say our judgment, our timing is always right. We attempt to build a thesis for a day based on the past, and project “probabilities”. […]

Miss Fire

Miss Fire

Sometimes we are left with very few choices in the market. Today was one of those days for me, and that’s why I designed my system so I could always come in and find a reasonable trade within a few minutes. I was out until mid afternoon, then when I got into the office, did a […]

Swine get slaughtered

Swine get slaughtered

The market is more than happy to have us as participants. The Boyz understand that the Bulls and Bears are going to do battle; but they especially love us if we are swine. In the day to day battle of five minute charts, we need to step back and look at the bigger picture. Wasn’t […]

Short Honeymoon?

Short Honeymoon?

  Barack Obama has just booked new accommodations for the next four years with his family, courtesy of the American public. Speaking of new accomodations, did you see they are letting the fox guard the henhouse? Anyways, it looks like it was a case of buy the rumor, sell the news as traders who bought pullbacks today […]

Bounce

Bounce

Support was temporarily found during the last hour of trading yesterday. It was bounce mode from the first few bars in the regular hour session until natural resistance was met in the afternoon session. The line of least resistance rotated after a substantial run and profit taking became appropriate. One of the challenges of trading […]

Feeding ground

Feeding ground

“Amity Island had everything. Clear skies. Gentle surf. Warm water. People flocked there every summer. It was the perfect feeding ground…” At 11:30 I suggested to colleagues to take their short profits off before noon today. It could have gone to any day low, but I felt the weekly shorts should capture their profits early after […]