Potential harmonic pattern(s) to play out for completion of the CD leg. Potential gartley and crab patterns with ideal CD targets as indicated on chart. Just sketching out some ideas.
$SPY disposition has not changed even with the failed o/n futs attempt to back test resistance Fri. Since the beginning of the year, I have seen the pace of distribution pick up. I am showing the average trade size of the SPY as a comment after a clean static chart under this post because it reveals professional intent. Until I see significant demand signals at...
$ES_F Turnaround Thursday? Yesterday calculated a likely pro buy bar. Overnight promptly turned around. $2058.50 is resistance.
Take note of this. This is why we tighten stops and take profit.
$SPY average trade size picked up in wks 2 & 3 of February leading to weakening in the S&P 500. Now churning between $213.40 resistance & $207 - 208 support. I would expect much churn back and forth ahead of FED rate (possible tightening) announcements. Likely distribution for many months up here.
$ES_F still above support with churn and holding. Rollover is coming. Pro positioning will be key. #2 Excess supply sig on 2015.02.25. Major macro econ events (FED rates) coming that will affect equities.
SP500 fell lower but gain back all its losses quickly leaving a pin bar on the chart. The trend is bullish which add weights into this trade. My first target would be the resistance above at 2,117. Why I go long: Bullish trend Pin bar with long wick Price rejects the 2,089 support level
The ES is moving slow and forming a nice flag. We have moved our stops up to further protect profits. If the flag breaks to the upside then we will expect the 2120 to get hit. With a good amount of economic news this week (including NFP) we will either get stopped out or hit our target. Either way it has been a good trade.
Despite covering our NQ position we will hold on to the ES for a our second target. We still like the 2120 area. Stops have been pulled tighter just in case this move becomes a head fake. Lesson: manage your trades and don't let a winner turn into a loser!
ES is still looking good. We have not changed anything with our stops. If we see a good move to the downside we will adjust stops but we are still looking for the 2120 area for the next target.
Longs triggered in the ES. Like the NQ first targets were hit on Friday. Next target for us in the 2120 area. This has potential of being a really good trade. Stay tuned.
Da bulls. We are long per our last post. We have hit out first target Friday and have pulled our stops up looking to the 4400 area for the next target. The third target will be open. Read past posts...if you were patient you were rewarded on this trade. Stay tuned
This market is getting ready to move and we will be watching for a close above 4275 to get long. Stay tuned. Watch more details: youtu.be
A close above 2060 and we will be looking for buy triggers on a lower time frame. See our weekly outlook: youtu.be
In the middle of the channel. We will avoid for now and wait for a better setup. Watch more on our weekly update: youtu.be
The NQ is getting close to firing off a long trade. We want to see a break and close above 4275 before we establish a position. This goes on the watch list. Watch more on our Weekly Video Update: youtu.be
OK...GC has given us a nice winner and true to our plan we will cover everything except one contract! (see past posts) This trade is a big winner for us and we would like to keep riding the move but with the ECB announcement tomorrow it's a flip of the coin. We could hedge with options but we choose to cover and leave one 'risk' contract to see if the...
You only have the past data plus what is going on now, that is the present to predict the future price action. So what you need exactly to be a successful trader?? - Well, you need the odds to stack up to pick the right direction of each trade. - System, method, strategy that generates big winners vs losers. - Be emotionless by having precise entry / exit...