Usually when I write something with much emotion attached to it I call a top or a bottom, but I can’t resist to document further this moment as I too have found myself getting excited these last couple days with…
Cyprus Noise
Inspired by Phil Pearlman’s call to action Im going to try and share my thoughts on the overnight Cyprus event. First off, Sunday was a day of sluggish thoughts about the week to come as I had a great St…
Jan/Feb 2012 Stream Look-back
I’m starting to hear more and more people calling for tops, everyone is looking for the next big pattern to create a signal- myself included. There is always a need for awareness and familiarity of ones surroundings.
The Path Higher in GLD is Heavy
I just want to post some chart comments on GLD. Its hard to not let our thoughts get away from us when we look for major turning points, but there have been a few out there much smarter than me…
ES_F Indicators Review
I put together an OR (opening range) chart last night while I was reviewing the ES_F price action. The OR can sometimes be a short lived “read” and other times it can mark the start of something bigger. I believe…
ES_F Midday Thoughts 05/08/12
Monday the ES_F rallied from overnight lows of 1342.50 to 1375.25 in late afternoon, successfully filling the gap from Fridays close at 13.62.50. The price action reminded me of the ISM release day when buyers were keeping the price action…
ES_F Midday Thoughts
I had a slight bias long this morning after the open bounced off the overnight lows. The opening range was lost in a big way however and took my buy at 94.5 past its stop no questions asked.
ES_F Fibonacci EMAs ISM Data Release Notes
Todays trading the ES_F was a roller coster. Although I was expecting the bias to be to the upside, I was not expecting a large magnitude move through the OR. The price action was tipped off by the ISM data…
ES_F Fibonacci EMAs Trade
Id like to compare two charts of the ES_F from Monday’s trading 4/30/12. I trade small size in the ES_F and it is sometimes difficult to hold onto positions for long this way, there can be little to no scaling…