Trading to win using the Secret Code of the Illuminati

Tag archive for ‘Range Trading’

Sorority Life

Sorority Life

Theta burned again today. ——— Being Option ex week, today seemed like a perfect day for Theta burn. The hit and run approach we advised was the right strategy. System rules said fade the high, testing for 60/62 support. Primary target was 61, and we were expecting the rainline to provide some support. We didn’t […]

Dull Drums

Dull Drums

  Opportunity was limited, but the Emini wizard system caught a few trades. [08:45] E: i think if we find a few points here and there in this market we are lucky [08:46] E: feel like cindy loo who ————— We liked the 93.75 low as support early, and suggested buying that neighborhood for the […]

The U.S. is Open…and so are the Markets

The U.S. is Open…and so are the Markets

God Bless America, home of the brave, land of the Free. Oops… are we really free? ———— All this debt and everything… Freedom of opportunity certainly… to choose wisely or not so wisely. With Friendships, discipline, habits, how we will invest our time. ———— Premarket resistance came in the expected battle zone, and we suggested […]

It Don’t Matter to me…

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 […]

Plunging Indicator

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 […]

Travellin’ Day

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 […]

GS BS

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 […]

Stop Stop Losses

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 […]

Scalper Heaven

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 […]

Sideways shuffle

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 […]