Community Blog

Filtered by tags:  E Mini
Avatar

Getting Paid On Thursday


Equities have dropped a little lower overnight and we're now testing the 100-hour SMA. If I wasn't long already in my ongoing campaign I would be here with a stop below ~1958. If supports fails then the next probable scenario is a visit of the lower 100-hour BB which coincides with NLSL at 1944.5.
Here's another view at the scenario on the hourly panel - the onus is now on the bulls to keep up the pace or we run the risk of a little correction.
Platinum was one of our short setups from last nig…
Read full story
Translate to English Show original
orto leave comments
Avatar

Watch Your Six

It'll be a short week as many vacation deprived worker bees over in the U.S. are busy preparing for an extended 4th of July weekend. So expect low participation on the market front starting Wednesday and turning into a flatline on Thursday. Which unfortunately works against us this week as this is probably just the quiet before the storm. Since I was gone Friday I'll start this off with a wrap up of where we are followed by a few pointers on how to get positioned and of course some short term se…
Read full story
Translate to English Show original
orto leave comments
Avatar

Time To Strike The Iron

We are at an important inflection point this morning and it's time to strike the iron as it's hot hot hot! I'm running a bit late today so I only have time to report on equities - but it's a very good one, so pay attention:
This is what's working in our favor right now - the GBP/JPY is still looking divergent or at least unsupportive. Could change quickly but there are no guarantees in the trading game. So let's look at the price action on the futures side:
This is a textbook RTV-S configuration…
Read full story
Translate to English Show original
orto leave comments
Avatar

Don't Ever Chase The Tape

Boring markets usually lull hapless victims into a sense of safety and complacency. I see it here in the comment section all the time - time and over again retail is looking for 'action' and perhaps a bit of drama instead of leveraging the market cycles I described yesterday. Case in point is today's whipsaw move on the spoos:
Our Zero indicator provides an excellent way to visualize/understand what has been happening over the past few days. Make no mistake - strong hands got positioned a long l…
Read full story
Translate to English Show original
orto leave comments
Avatar

Volatility Cycles

Some of you eager beavers have to start wrapping your mind around the concept of markets moving in volatility cycles. Just like it is a common observation in natural systems (i.e. water, sound, electromagnetic) imagine a sinusoid wave that oscillates in repeating cycles. A few days ago I wrote an indicator that visualizes the idea very nicely - I call it ATRIP as it's a hacked version of average true range:
What is important to understand is that these cycles are a natural aspect of all basic ma…
Read full story
Translate to English Show original
VictoriaVika avatar

Good analysis :)

orto leave comments
Avatar

Monday Morning Briefing

Welcome to our morning briefing. Here we are reviewing short term setups ahead of the NYSE opening bell. If you are a scalper or swing trader then these setups may be of interest to you. As usual keep in mind that these are short term setups although they could be used as early entries for more longer term positions.
It's officially summer now and quite out of season things are heating up across the front. Damn it - shouldn't you guys be at the beach by now? Here's the spoos plotting against the…
Read full story
Translate to English Show original
evilspeculator avatar

I still have to figure out how to produce a better looking post preview. Anyone got any pointers for me?

orto leave comments