Tag archive for ‘Range Trading’
It Don’t Matter to me…
Our Daily Bread.
We have to earn it somehow, and to do that we need to have a reliable system, use stop losses, and take profits.
Why make it any more complicated than that?
It don’t matter to me whether I am going long or short; I just want to have the edge when I am in the [...]
Plunging Indicator
The vix.x has plunged from it’s recent historic high near 89.53 and most likely is regressing to the mean. We cannot expect 100 point + days everyday, any more than we could expect 8 point days to last forever when the vix traded at 9.39 in 2006.
It appears that today the market decided to wait [...]
Travellin’ Day
Despite the late day heroics of the customary end of month markups, the market largely traveled within a range all day,
It was an inside day, and bi-directional traders had a field day within the great travel range. If you know what you are looking for, the opportunities were abundant.
Many of our categories are set up [...]
GS BS
Well Warren did his thing with Goldman yesterday, and Mr. market responded after hours with an immediate 22+ point pop.
That turned out to be the high of the day.
Here is a question that I have tattoed on my brain:
“How will the most number of traders be confused?”
The misdirection trade kept eager longs in the buy [...]
Stop Stop Losses
No, I don’t have a problem with stuttering.
You read the headline correctly.
Have you noticed the game that is being played lately by the gang of thieves?
Under the guise of “volatility” and “congressional testimony”, the boyz have endeavored to pick our pockets in broad daylight.
The normal one to two point stop run has been stretched to [...]
Scalper Heaven
The early morning Citi news gave the market thrust at 6:30 am, and that was it for today’s excitement. It was range trading the rest of the day as the boys left early for the shores on a gorgeous summer day.
The market threatened to break out several times but lacked the volume to muster an [...]
Sideways shuffle
So… what can’t go up, must go down. Or what can’t go down, must go up.
So we have been led to believe. If that is your reality, you may want to enroll in OT, overtraders anonymous.
Sideways action is often a path the market takes when it is indecisive and digesting a big meal like Friday’s. [...]
Continuation
Position trades that were initiated on Monday found their way home today after the FOMC excuse for the selloff.
There were many gyrations and range trades available until the market broke right before the announcement.
It looked like the insiders were already jumping in, as if the smart money knew something.
There is ony one way to play [...]
Slow simmer and squeeze
Evidently the shorts needed to be reminded that the market is still in bounce mode.
Lemonade anyone?
After testing yesterday’s low, the market quietly crept up all day, until it staged a late day breakout. The shorts expecting the 4.75 gap to get filled were rudely treated as the boys once again fashioned a little of their [...]
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