The legacy of Newton, Babson and Andrews - Action/Reaction . >>> Price is going back to center over 80% of time. <<< And here we have it again, and again, and again.... Many Traders looking for the quick & easy money. Trading with Action/Reaction and the Forks can be easy too. But first one has to learn how to apply these tools to the markets. That's why i...
Hello Traders! The very interesting situation in the S&P500 index (ES). Suppose, that the market can take a form of Horizontal Triangle (EWA/EWP HT 3-3-3-3-3) So, we will try to buy near 1-st Strong Buyer's Support and take long position at the price 1871.00 (863 843 lots). The price target - 2089.00, our hedging risk T/P - 2035.00, S/L - 1870.00 (Of course S/L...
Euro hit 50% level, where it bounced from. Short will come if/when we see that level is broken. Then, and only then - sell short to .618 Video with explanations: www.youtube.com
Support has broken - Bearish. Targets by arrows. Watch video for details: www.youtube.com
Only 4 more of these daily candles remain until FOMC. See the links below for reference to my original idea posts on this, calling what could certainly be the top of the market. The recent rally has yet to invalidate the most basic short implying structure (lower highs). I plan on holding *nothing* going into FOMC, so I leave this idea post as 'neutral'. Yet,...
After two attempts at getting target #2 we failed! Bummer. That's trading and as we've heard many time, "don't be a dick for a tick", we aren't. Price came within 5 points of our target and back away. We believe price is not done testing the down side so we will hold to our plan. These small bounces are on low volume. On the next visit to the recent lows we...
The bulls were squeezed hard on FOMC (and the day after). After many years of trading this is why we stay away from longer term trades until the dust settles. There will be more than enough opportunity to trade. Most of the indexes are at support or have broken their patterns. We expect a small bounce in the $NQ on Monday followed by more selling. An inside...
The $ES is looking weak. The bounces have been feeble and with low volume. What started as a wedge has evolved into a flag and this points to lower prices. We WILL NOT take the break of the flag. We will wait for the break and look for pullbacks on a smaller time frame (60 min) to trigger us short. NO TRIGGER, NO TRADE!
We see some major indices in final stages of an extended third wave, that could cause a temporary high on stocks, as we expect a deeper retracement in to a corrective wave four. On some of them we also see a wedge pattern in current late stage of an uptrend. It is called an ending diagonal, that usually causes a sharp reversal that may happen sometime this year....
Click here for the full video and report: dunn.ly Today I caught a beautiful short on the e-mini S&P 500. While most investors were panicking, my trading students and I were cleaning up shorting the e-mini futures in our trading room. The idea was shorting the secondary move after the 20 point gap down before regular market open. You can't see it on the...