Trading to win using the Secret Code of the Illuminati

Tag archive for ‘pullback’

False Start

False Start

Perception is reality, what’s yours? The early morning globex charts were posted, and the narrow range at the time was “only” 20 points. I normally help the team prepare with a look at the side by sides to see where we may be on the rth map at the open. EOD charts posted after being away […]

Rock an’ Roll

Rock an’ Roll

Well, wasn’t today something? Last week we suggested that the range from 875 had been expanded to 925, and the middle was 900. Suggestion: Let the gurus and the economists guess, while we make money every day from the market gyrations. In hindsight, everything is crystal clear. The symmetry is absolutely beautiful; and calls for […]

Emini Potholes

Emini Potholes

This time of year in the north east, public works needs  to back up the truck and fill in some potholes. Last week we discussed the “general range” that needed to be resolved next, and today’s pothole was projected from last week’s high. Now it gets interesting. Hyper active Scalpers had a field day this […]

Pullback

Pullback

Like a left-over hangover from the holiday party, today’s expected pullback left the late longs in trouble from the opening bell, and punished those who didn’t understand the timing. Yesterday was a suspected TSSD, and we hinted at that in last night’s blog that we felt the longs were vulnerable. That psychology proved to be […]

First things first

Determining the correct bias for the day is all important for the day trader. Are we buying pullbacks long or are we shorting the bounces? What do you use to help you determine the answer to this question? There are many techniques available to us, and we need to use something simple, reliable, and consistent. My […]

Zoned out

Zoned out

I was visiting DTI for a free seminar awhile ago and Tom Busby gave me this great idea for alert zones. These are his support and resistance areas on any particular day. You will notice yesterday’s post had a red box and I used that to identify a key area where I thought a resistance/possible […]