I mentioned last week that our near term highs were likely to contain price this week as the markets further consolidated the massive gains we have seen over the last several months. Well, I was way off. That near term…
Read more ›
I mentioned last week that our near term highs were likely to contain price this week as the markets further consolidated the massive gains we have seen over the last several months. Well, I was way off. That near term…
Read more ›
The monotony of the endless stair case up in the markets was finally broken this week as price action for the first time in months saw a substantial albeit quick retracement. While most of the selling took place in one…
Read more ›
As has been the norm throughout this year, the markets stair-stepped just a bit higher yet again this week after a couple of half hearted attempts at a pull back were once again met with strong buying. While the pervasive…
Read more ›
Much to the chagrin of bears everywhere, the markets continued their relentless march up for yet another week as the rally to open 2012 continues. While there continues to be sporadic bouts of selling intraday, there has been a strong…
Read more ›
Despite ending the week somewhat off their new highs, the markets for the most part continued the slow and relentless rally that began about a month ago. As has been the case during that time, sellers have been few and…
Read more ›
The markets continued their slow march up this week with little to no real pull backs as the bulls relentlessly stepped in to support the markets any time there was a hint of a drop. We have now drifted in…
Read more ›
While the markets opened down on Friday looking tired and ready to roll over after a week of positive gains, they gained traction midday and eventually rallied to close just below the days high’s. Friday’s price action was part of…
Read more ›
Introducing the Stockguy22 Level 2 chart display. This indicator displays the Level 2 Order Book for your datafeed. Chart examples use /TF futures because the ICE provides the full book as far as I can tell. /ES , /NQ,…
Read more ›
The last week of 2011 in the markets was mostly uneventful as price action basically drifted sideways finishing the week right around where it started, capping off a year that also finished right around where it started. Of course, while…
Read more ›
Although the markets opened the week in an ugly fashion, they quickly reversed course and drifted higher for most of the week. Other than a few moments of weakness, there was almost no selling pressure this week as the bulls…
Read more ›
After taking last week off, the bulls came back ready to work this week lifting us well off our recent lows in all of the broad market indices. Once again as has become par for the course, price action changed…
Read more ›
I mentioned last week that the bulls would likely be tested this week as the bears attempt to regain control of this market, and while the bulls can use the light trading / short week excuse to defend themselves, the…
Read more ›
We had another week of mostly sideways action again as upward momentum in the broad markets continues to wane. While we finished off on a weak note, the bigger picture remains neutral as we have mostly traded in the same…
Read more ›
Despite some rather volatile moves from day to day, this week’s action in the broad markets was still basically sideways as we continue to digest the massive gains we made through out the month of October. While volatility is still…
Read more ›
After breaking out sharply last week from the cup and handle pattern I mentioned a couple of weeks ago, the markets spent this week consolidating those gains while holding some key levels of support in the process. We have now…
Read more ›
Market Profile http://en.wikipedia.org/wiki/Market_profile http://tuckerreport.com/articles/market-profile-a-primer/ And of course if you really want the secret to success: http://tinyurl.com/6yxspbx Market Profile A frequently asked question in our forum is: Where can I learn more about Market Profile? The most common answer is to…
Read more ›
Global Futures Treasury Department Hours Friday, September 2, 2011 Early Cut Off – There will be an early cut off of 7:45 AM PT for checks and wires on Friday, September 2, 2011. Monday, September 5, 2011 Closed – The…
Read more ›
I was on the wrong side of the market today, but sticking with it and trading the position let me come out with a win. I would have been much easier to simply buy and hold. My initial long was…
Read more ›
Just some scalps today – trading a small account to see if I can turn another 25k into 1000% in a year. All shorts. Had I followed my system gains would be larger, but that doesn’t work in all markets.…
Read more ›
This isn’t everything that goes into my trade decisions but its a good portion. I also look at how the market is trading, so buyers seem weak. Are the trades mostly firing off on the bid or the ask? What…
Read more ›
So far a pretty normal options expiration day, big action in the AM and stagnation in the afternoon. For the most part the market appears weak; will see what the close brings.
Intraday chart – no real buyers to speak of and higher volume – not a good sign considering most of the bounce was on low volume. We couldn’t get back above the open and after a short lived rally, everyone…
Read more ›
Shiny metal, 30 year treasuries, and 10 year treasuries all on a rocket as investors find safety.
Weekly Economic Calendar Date ET Release For Consensus Prior Aug 15 8:30 AM Empire Manufacturing Aug NA -3.76 Aug 15 9:00 AM Net Long-Term TIC Flows Jun NA $23.6B Aug 15 10:00 AM NAHB Housing Market Index Aug NA 15…
Read more ›
In my efforts to become a better and more consistent trader, I read a lot of books on trading, psychology, and how to build trading systems. For the last 6 months or so, I have been reading books on market…
Read more ›
Today’s Bullish Trading Despite the high levels of volatility and the substantial market losses suffered in August, some individual names continue to see bullish order flow – as investors take positions in options rather than shares of specific beaten-down companies.…
Read more ›
This reference applies to most futures traded on the Chicago Mercantile Exchange and the Chicago Board of Trade. Rollover is 8 days before contract expiration. Rollover is usually on the second Thursday of every month. However, if the first day…
Read more ›
Today’s Bullish Trading Manitowac (MTW) shares lost 96 cents to $12.75 and options on the Manitowac, WI farm and construction machinery company were heavily traded today. Total volume was 17,000 calls and 920 puts, which is 5X the recent average…
Read more ›
Let's Play Kick the Can – Use to be fun to play kick the can when I was young. Politicians seem to enjoy playing that game too , Just they playing with a bigger can now "the US Debt.…
Read more ›
As I try to determine what makes a good trader; I routinely look at what has made others successful in the past. Paul Tudor Jones is a legend, so what makes him successful? Does he have some insight that you…
Read more ›
Here is an chart comparing my smoothed MACD using Laguerre polynomials. I have seen a few implementations of this using difference indicators. It performs similar to a faster MACD, but is relatively unaffected by gaps. Remember that even a standard…
Read more ›
Free Live #silver & #gold Streaming Charts & Quotes for July 20th , 21st , 2011 for you night owls or early risers that want to see live futures/ #silver #gold #oil charts LIVE FREE feed all night here http://sg22.ly/nmJl2c I've put up…
Read more ›
I am going to try to post these correlation charts more. What I am noticing is the markets while predominantly inversely correlated to the USD, can and do at times move in degrees of postive correlation with the USD.…
Read more ›
Gold hit a new high tonight (July 13th ) & Silver hit a new recent high too- Watch the live Streaming charts all night at the link below I've put up link for Free Live #Gold & #Silver…
Read more ›
EURO had dropped tonight under that key 1.40 area & sitting in mid 1.3950's as of 11:40pmEST July 11th, 2011 I've put up link for Free Live Futures charts to run through the night tonight July 11th & July…
Read more ›
click for larger image So why do so many traders lose money? Fear and greed for one. Time wasted trying to find a holy grail to make them millions with $100 is another reason. There is no secret to…
Read more ›
USD (/DX) basket of currencies to give a value to USD. Notice the tight action in price. Waiting for the US debt negotiations, waiting for Greece. Next up is the /6E Euro (60% of the /DX). Notice the…
Read more ›
Free Live Futures Charts- Oil (CLQ1), Silver (SiN1), TFU1, ESU1, & Euro #EURUSD Happy 4th of July – I’ve put up link for Free Live Futures charts to run through the night tonight July 4th , 2011 into July…
Read more ›
Trading hours are below. We are open for business until 11:30 AM ET / 10:30 AM CT. I also attached some charts for reference, some futures, and some stock setups. Looking to do a detailed post tomorrow…
Read more ›
I've put up link for Free Live Futures charts to run through the night tonight June 29th , 2011 ( its limited to the first 200 people only ) Free Live Futures Charts Here is the link for it #futures Charts…
Read more ›
Knowing when not to trade is more imporant than knowing when to take a trade. Anyone can buy or sell at anytime for any numbers of reasons, and for the most part your odds are 50/50 realistically. I posted this…
Read more ›
Charts of the futures are confirming the difficulty with trading the past few weeks. That markets have been sideways and filled with false breakouts. Most of the charts have some SHORT BIAS to them, however bonds are coming into resistance…
Read more ›
COMMODITY PRICES, EXCHANGE RATES AND THE INTERNATIONAL MONETARY SYSTEM Presented by Dr Robert Mundell University Professor of Economics Columbia University (1999 Nobel Prize in Economic Science) In discussing commodity prices, one is dealing with commodity prices in currencies; so…
Read more ›
Survey Results Posted May 16, 2011 Do this quick survey, I wanted to see other Traders view on this is. If you want to comment on it send us you're comment in blog & we'll post any…
Read more ›
CaptKirk from our chatroom posted this comparison chart in our Community Charts Section showing the comparison of US $ and $SPX – If Bernanke actually thinks the policies will give a stronger US $ then this chart is as…
Read more ›
Thought to do some charts on oil today as it broke over that key $110 level and what oil ETF's I've traded in the past. I get this question a lot "what oil ETF are good to trade if you…
Read more ›
Being an intra-day trader, I don't look at the longer timeframe charts more than once or twice a week. I find that while its good to analyze and know where you stand, it can intefere with your attitude and bias.…
Read more ›
This weekend update is going to be primarily chart driven due to the action in the market this week. Charts for the major indicies as well as a selection of the futures and ETF's. Click the chart to open a…
Read more ›
The Week In Crayons
This Friday’s action marked the end of not just the week, but also of the first quarter of 2012. While the markets began the day in a weak fashion selling down at the open, buyers stepped in and were able…Read more ›