Archive for January, 2008
Tuesday, January 15th, 2008
10:23pm I had a tough time trying to sort out the pre-market data that screwed-up my charts yesterday. There were some price bars reflected, that were clearly not even shown on IB's trading platform, that is, the day's (Globex) highs & lows- it was really strange. In any case, it ...
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Sunday, January 13th, 2008
For those of you who actively subscribe to feeds or emails of blogs, or websites, I am pleased to announce that I have added those features to my blog, as of today. Being rather "blur" (local euphemism for "stupid", "dummy"...I think you get the picture) to such features, please feel ...
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Friday, January 11th, 2008
My ES TREND Chart above...
My earlier post yesterday had suggested more upside in PRICE for yesterday's trading session. But as the day wore on, PRICE movements during the Globex session, coupled with the start of the actual trading session, made me shift my view. That's the reason for the ...
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Friday, January 11th, 2008
10:51pm With the SWING Chart's indicator pointing down, it may be a tall order to expect PRICE to breach yesterday's trading session high of 1436.00
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Thursday, January 10th, 2008
My ES SWING Chart above...
Clearly, PRICE is yet to reach PRIME, so expect more upside to this move. To continue the Bear TREND, PRIME Resistance at 1511.00 must not be taken out.
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Wednesday, January 9th, 2008
My GBP TREND Chart above...
As you can see from the chart above, there is still no sign of a bottom...we are totally in a Bear TREND, with Lower Lows, Lower Highs, then Lower Lows - other than the "occasional illogical" oscillation, like a Higher High or a Higher Low. ...
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Wednesday, January 9th, 2008
My ES SWING Chart above...
Even though we may see a bottom in sight for the current down move, the expectation is still for PRICE to make a Lower High, due to the current Bear TREND we are in...
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Tuesday, January 8th, 2008
My ES Position Chart above...
Yesterday's trading session has resulted in a Leg 1 of Back Door Bull Break, on my ES Position Chart. It is just the first warning, the market is telling us. We still need 2 more Legs, to confirm the Top.
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Tuesday, January 8th, 2008
No, we’re not talking Chinese here. We’re talking about the NASDAQ 100 e-minis, also called noodles. E-minis were introduced with the rise of electronic trading and are now traded on the NASDAQ 100, S&P 500, Dow Jones, bond, currency and other markets. In our Futures Trading Secrets course, we recommend ...
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Tuesday, January 8th, 2008
10:43pm Long 1431.75 / STOP 1430.75
10:45pm Moving STOP to 1431.25
10:46pm Moving STOP to Break-Even.
10:48pm Out at 1434.50 / +2.75pts.
10:50pm Whoa...got out just in time...the retracement in PRICE is pretty deep.
10:52pm Are we done with Leg 1 of Back Door Bear Break? Let's see if a SHORT set-up presents itself...
11:04pm Thot ...
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