Removing the Human Factor is Not Total – Part 1
I start with an apology for missing very consistently my own objective to post on a more frequent basis. Amazing how easy it becomes when “I” get in the way of achieving “my” objectives. In my own defense, I have been working diligently on the MJF1 Partners’ auto trader. I’m excited to bring it to […]
Continue readingWhat or Who was Behind the Buying in Crude, $CL
With the myriad of players moving in and out of the Crude Oil markets and its affiliate or component products Heating Oil and Unleaded Gasoline, it becomes a definitive benefit to reference a “larger picture” view. This helps determine the trend and prevents countertrend trading when the markets move into a transition from one level […]
Continue readingIs there a Wow Factor?
The answer to the title question is an unequivocal “Yes.” It could be the widening of your eyes in amazement as the $ES trades in a 20 to 30 point range both to the downside and upside in 30 to 75-minute increments for a good five hours straight. Using the right tools, (signal generator and […]
Continue readingMarkets In Transition..Continues – Part III
I’m not sure what the BofA analyst is saying regarding China’s FX reserve numbers. They reported a drop of $99.5 billion and that ‘kicked the can’ down the road for the US dollar for the time being. There was a major shift of capital back into treasuries and out of equities and some commodities. […]
Continue readingMarkets in Transition – Crude Oil
As I began my last post I continue to understand the trading mantra, “I don’t care.” I do care as to whether the shift in trend is towards buying or selling, but I don’t care about the why or what or where. This, for the most part, allows me to concentrate on the momentum. The […]
Continue readingMarkets In Transition – Economies Too?
I fully understand today’s trading mantra of ” I don’t care!” It makes total sense if you are just trading the number according to what your signal generator is telling you. However, it can become a nagging problem when the trader in you surfaces and begins to haunt the thought process by questioning the “Who, […]
Continue readingHappy New Year…Are We There Yet?
The first trading day of 2016 produced an awesome volatile day with many “decoupling’s” taking place. The finish of one year and the start of the new year often produce numerous “decouplings” as money begins to shift strategy. China got things going coming into Monday morning with the major equity exchanges shutting down after dropping […]
Continue readingS&P 500 ($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 readingLogical Market Update: Uranium Back on the Radar
Uranium Now Back on the Radar & Law of Supply & Demand I spent the better part of the weekend reviewing the uranium sector. This sector continues to probe the bottom, while the nuclear energy argument has begun to shift with more anti-nuke environmentalists transforming into believers of the benefits of nuclear power. Nuclear […]
Continue readingLogical Market Update: From That to This & This…
From that to this & this… For most of this week the best trading has taken place within the first couple of hours of U.S. trading. But it appears that once lunchtime rolls through the East and Central time zones volume does a vanishing act. Which often leaves computers with nothing to do but switch […]
Continue readingLogical Market Update: Nat Gas Surges Higher Off of Intraday Lows
Natural Gas Surges higher Off of Intraday Lows On the Third Day of the Correction the markets gave to me… Three parabolic earnings trades, two panic buyers and a bear pushed up a pear tree. Interesting and yet transparent the markets moved back into cross hedging mode – what I mean by this is that […]
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