OffTheFloorTrader

OffTheFloorTrader

At risk of sounding like a broken record...this is why we use triggers. Even though price zoomed in to the Trigger zone, we haven't gotten close to triggering long. We are TAKING OUR LONG TRIGGER ZONE OFF. We will now wait to see what a bounce looks like...but everything points to a visit to the 200 Day EMA. We will post a trigger zone this week.

OffTheFloorTrader

Keep crude on your watch list. See our last post on crude. Stay tuned

OffTheFloorTrader

We still like Goldie on the short side but we need a bounce to get involved. We will wait but it is not looking good for us. In an ideal world we would get the bounce to our zone then take out the July lows and touch $1,000. But we know the markets are anything but ideal. Keep on your watch list.

OffTheFloorTrader

We are still looking for pullbacks on the $NQ. For that matter you look to the $ES and the $RJ for the same. However, we like the $NQ and will look for the Trigger Zone to get long. The market is in dire need of the pullback and hopefully will give us the opportunity. We WILL NOTE chase at the thee levels. Be patient...the players that be are hell bent on...

OffTheFloorTrader

Crude is ready to fire off short based on our signals...however she has been all over the place. We ONLY like the long side so we are looking for a false signal and reversal. IF she does take out the most recent lows and picks up speed we will PASS until we start setting up to the long side. Every time we get a dip on crude we get more suspicious of the move so...

OffTheFloorTrader

30 Year Bond Chart...see the Notes post. Link below.

OffTheFloorTrader

The Notes had a nice fake break and are now wanting to test the lower part of the wedge. The Bonds broke their weekly wedge and closed on their Friday lows which tells us the Notes and Bonds are weak. We are looking for a short position on bounces in the Trigger Zone. This is a Weekly chart trade and we will be looking for huge break down on the Notes. ...

OffTheFloorTrader

This is why you take your stops in Gold and smile. When Goldie gets running, she is a freight train going down hill. Gold has been taking stops and eating the gold bugs for lunch (and dinner). This market is clearly weak. We are wanting to get positioned short on bounces. We will be looking for the Trigger Zone on the weekly chart. If Goldie takes out the...

OffTheFloorTrader

We are watching the Russell in this area. It had a nice fake on the break but we think the Russell has not caught up yet. If she does then 1200 could be on the radar screens. If she breaks below the 1138 area then the indexes are in trouble. Keep on you watch list.

OffTheFloorTrader

Keep the Mexican Peso on your radar screen if you are a currency trader. She is setting up nicely and should have a good two week move when triggered. Stay Tuned

OffTheFloorTrader

A quick move outside of the channel was short lived. We wanted to short after a close outside of the channels but the FOMC announcement kept us away. Regardless, there was no way that we would have triggered this trade. Crude blew back into the channel and could start chopping around. We will NOT get involved in this area. We will watch Crude and see how she...

OffTheFloorTrader

We will be looking for any type of pullback in NQ this week. It is clear to us that she wants to test the all time highs and with Apple reporting earnings on Tuesday after the bell it could happen sooner than later. WAIT FOR A PULLBACK...don't chase at these levels. We may not be able to get on board and that is trading. So we will wait to see what Monday and...

OffTheFloorTrader

Crude is testing the lower channel area. We are watching this closely. We want to see a clean break of the lower zone before look for trigger zones. Keep her on your watch list.

OffTheFloorTrader

The Euro has broken hard off the recent rally in the equities. We have broken down the wedge on both the Weekly and Daily charts. Notice how the Euro failed twice to break out above the wedge. We think this is for really and are looking to get short in the trigger zone. REMEMBER: No Trigger, No Trade!

OffTheFloorTrader

We were finally stopped out of our last 3rd lot Friday. Goldie was getting crazy and the volatility was to much for our stop. We will now step back after a great trade and see where the next opportunity will be. You can bet there will be more opportunities in Gold. Stay tuned

OffTheFloorTrader

Shazam! We have been watching the 4550 area as a long term target if the Nasdaq had legs. Well, those legs grew quick thanks to Google and Amazon earnings after the bell. We were not on this ride. We waited for an opportunity to get long and never got a deep enough pullback...that's trading. NOW WHAT? What ever you do...don't chase at these levels. This has...

OffTheFloorTrader

We will be looking for a long entry on the E-mini S&P in the trigger zone. We could get a nice move off the trigger zone. However, we will keep a tight leash on this. Earnings have been dismal at best which may place pressure back on the the market. Remember: NO TRIGGER - NO TRADE!

OffTheFloorTrader

WEEKLY CHART - The euro could be perking up soon. She is ripe and ready. She will be at the top of our watch list. There was a recent false break out but that could be a clearing of stops. Since this is a weekly signal we expect the Euro to run for about 6-8 weeks. Keep it on your watch list.