Trading to win using the Secret Code of the Illuminati

Tag archive for ‘range day’

Windmills

Windmills

  We assumed today would be a digestion day, with a bias to float up to test, and break 58 before any significant pullback. Matd bounce from the 52.5 angel 52.75 yesterday IB high test, with MM 53 pivot as the buy zone was our trade call. It incorporated the gap trade, and test of yesterday’s […]

Roll ’em

Roll ’em

Roll ’em. In the big Casino, roll a pair a dice. [10:32] E: stolen range = we made today’s money yesterday ————– 08:15] E: i generally prefer scalp short matd [08:16] E: til clear evidence that market is bouncing and trying to skin the shorts [08:16] E: not yet [08:21] E: trailers short may work […]

She’s Like the Wind

She’s Like the Wind

She’s like the wind. ————— In case you hadn’t noticed, the market is doing it’s schizo dance. As a trader, I want to approach the markets with confidence, tempered with humility. Face Life too that way, for that matter. —————– There are some things I strongly believe in. One is be real. Be honest, admit […]

Advanced Thinking

Advanced Thinking

Before you think I am being braggadocios, remember I am a humble student… ————- I am seeing a lot of emotionalism in the market by the twitter participants. Taking a step back, trying to make sure I don’t get caught up in it. As a sequence trader, I have my beliefs about the day’s bias, […]

Do you hear the people sing?

Do you hear the people sing?

As the day wears on, my blog post takes shape in my mind. Why? So I can think rationally, unemotionally, and intuitively about what I could possibly say that was the true dynamic of the day’s activity. Also…it helps me see the trade setups better. ————————————————- Here is a sampling of today’s key thoughts for […]

Range Riders

Range Riders

Like the day after Thanksgiving, we are still hungry but need time to digest a big meal. A token new high was made, but 40 pts in 2 days, with 15 of those points being scored in the globex session, left a need for consolidating. If we guess correct about the type of day, then […]

Double trouble

Double trouble

  The market went sideways for most of the day, range bound  between yesterday’s low and the 38% bounce. Too soon to draw any conclusions, as everyone awaits the stimulus to stimulate. The basic premise is always there, and the minor twists and turns are for the big boyZ to posture and fill positions. Smaller traders […]

Sideways shuffle

Sideways shuffle

  The emini was range bound today, and chopped up a few over-traders I am sure along the way. Signals from the daily chart suggested that the market would probably be contained today. After hours activity notwithstanding, it was a pretty tight range during RTH, reminiscent of activity a few years ago. The spirit of […]

Wimpy and waiting

Wimpy and waiting

  The market action today resembled two wimpy fighters who are weary. The players are probably waiting for tomorrow’s unemployment numbers as an excuse to move the market. The globex hi and low held all day, and it was range trading with the outside -in trades the winners. Sometimes a fairly large range one day just marks […]

Nothing runs like a deer

Nothing runs like a deer

Frozen in the headlights of fear, nothing runs like a deer. There are several major patterns that keep repeating in the markets. Learn them, and we can write our own ticket in life. Remain ignorant, we will probably be like a voyeur watching a ping pong match. Many traders today thought it was “choppy”. I suppose you could […]