Happy New Year…Are We There Yet?
The first trading day of 2016 produced an awesome volatile day with many “decoupling’s” taking place. The finish of one year and the start of the new year often produce numerous “decouplings” as money begins to shift strategy. China got things going coming into Monday morning with the major equity exchanges shutting down after dropping […]
Continue readingBlack Monday, October 19, 1987
Getting Back in the Habit I believe the best way to induct myself back into the creative habit of writing my market thoughts in a somewhat narrative format is to actually put down what I experienced during the day and how I dealt with it – trading wise. While I have experience trading many different […]
Continue readingMonday November 9, 2015 – Today’s Chart(s) $ES, $CL
I’m sure that many traders woke up with the Monday morning “blues” as most markets traded lower. Regardless of direction, though, there were many opportunities across the board. If you trade multiple products, it could have been a difficult day trying to keep up with all the signals. Today was a clear case for good […]
Continue readingCrude, $CL Chart 11-02-2015
Crude continues to have more “moments” of 20+ tick moves than the equity markets over the last 5 trading sessions. In the absence of any strong economic or oil related news trading was primarily a steady ebb and flow producing solid enough signals for trading. Today’s net total of +51 ticks was per contract and […]
Continue readingS&P 500 ($ES) October 21, 2015
The ES started the session with some quick chop as traders paired off to decide direction. The first 30 minutes easily gave way to stronger trends for the balance of the session. Learning to trade without emotions seems to be the best methodology when stepping into the world of algorithmic trading. You can’t care as […]
Continue readingCrude Oil – Trading CL – October 20, 2015
Crude Oil continues to be a profitable day trading the front month. Currently, that is the December 2015 contract. Tuesday’s trade delivered winners trending both higher and lower. Shorts proved to produce the larger moves. There were also 3 periods of “whiplash” and counter trend trading. I would describe “whiplash” trading as a small period […]
Continue readingA Welcomed Return of Volatility & 2-Way Trade, Chart – $CL_F
Welcome back my friends to the show that never ends We’re so glad you could attend Come inside! Come inside! © 1973 Emerson Lake & Palmer One of my resolutions for the New Year is to return to posting on a more regular basis than how I finished 2014. My apologies for the […]
Continue readingBeware the Ides of Octember? – You Bet!
From Wikipedia: “In 1966 Roger Zelazny wrote a novella titled “The Dream Master”, but Mr. Zelazny’s original title for this work was “The Ides of Octember.” The Dream Master is set in a future where the forces of overpopulation and technology have created a world where humanity suffocates psychologically beneath its own mass while abiding […]
Continue readingSecond Verse Same As the First – Except for the Short Squeeze!
So it appeared that the session would resume where it left off on Tuesday with the broader indexes continuing lower. The DJIA and SPX actually put in slight new lows under what was seen last week with the NDX coming within 3 points of doing the same. As if the magic clock struck the top […]
Continue readingMonday’s Trade Fits Within Current Analysis – Here’s the Update
The broader indexes performed in line with expectations with the finishing touches put on the initial leg up off of Thursday’s lows being completed early in the session. Yesterday I updated the upside potential and provided Fibonacci resistance levels covering the entire declines, (thus far), off of the post FED highs to last Thursday’s lows. […]
Continue readingThe Return of Volatility and 2-way Trade, But for How Long?
Sorry I’ve been away from writing any updates for several weeks. I’ve been ultra busy getting the Logical Signals Trade Room up and running. The members thus far are an outstanding group already contributing across the board from trading indicators, patterns and products, to computer software and hardware. We are ready to move on to […]
Continue readingWhat a Difference 500 Billion ¥ Makes
The head scratching continues as traders try to understand and embrace the rip-roaring lift in the US markets after leaving a small but promising dent on Monday. After Tuesday’s start appeared to be continuing to add to the “woes” as news out of China over the weekend revealed a continued decline in the economy the […]
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