video for market outlook for /ym 10/15
1. Bearish divergence on the RSI , also there is a slight divergence on the on balance. Meaning that price is making new highs but both the RSI and the OBV are showing lower highs. This means keep your eyes peeled for good short opportunities.
2. Monitor the market internals (TICK and TRIN), pivots and VA.
Monday, October 14, 2013
Thursday, October 10, 2013
/ym 10/11
video for market outlook for /ym 10/11
Big day to see who is in charge, line is drawn around 15032. I would recommend using that as a reference. A lot of shorts have lost money today so this will be interesting to see how the bears react to today's market action.
Big day to see who is in charge, line is drawn around 15032. I would recommend using that as a reference. A lot of shorts have lost money today so this will be interesting to see how the bears react to today's market action.
Tuesday, October 8, 2013
/ym for 10/9
video for market outlook for 10/9
1. Bearish action is expected, we are nearing the neckline of the head and shoulders pattern.
2. Over night TRIN trade setup has triggered, if this trade does not develop be ready for a major sell off in the morning, if it does develop I would collect profits before market open.
1. Bearish action is expected, we are nearing the neckline of the head and shoulders pattern.
2. Over night TRIN trade setup has triggered, if this trade does not develop be ready for a major sell off in the morning, if it does develop I would collect profits before market open.
Monday, October 7, 2013
/ym for 10/8
video for market outlook for /ym 10/8
1. All signs lead to a bearish day tomorrow.
2. If there is going to be any bullish action it will occur on a bounce around 14828. If this level is breached expect some heavy selling.
3. As usual keep an eye on market internals, pivots and price action around those levels.
1. All signs lead to a bearish day tomorrow.
2. If there is going to be any bullish action it will occur on a bounce around 14828. If this level is breached expect some heavy selling.
3. As usual keep an eye on market internals, pivots and price action around those levels.
Thursday, October 3, 2013
/ym for 10/4
trading plan for 10/4
1. Again we are still developing a head and shoulder pattern on the daily chart. Thus we will now focus on entries for short opportunities unless the market presents with a reason to go long in the morning.
2. Friday's are good gap fade days, again if we see a gap up this is a gift and we will take it, if we see a gap down be prepared for it to continue downward.
1. Again we are still developing a head and shoulder pattern on the daily chart. Thus we will now focus on entries for short opportunities unless the market presents with a reason to go long in the morning.
2. Friday's are good gap fade days, again if we see a gap up this is a gift and we will take it, if we see a gap down be prepared for it to continue downward.
live trade for the /ym 10/3
live trade video 10/3
1. Went short near open and targeted 40pts
2. Total trade time was around 15min
1. Went short near open and targeted 40pts
2. Total trade time was around 15min
Wednesday, October 2, 2013
/ym for 10/3
Trading plan...
1. Seeing a pretty head and shoulders pattern forming on the weekly, which will indicate that we should expect bearish action this week.
2. Also, as a trend trader we like following the trend which is down at the moment.
3. Thurs is a great day to fade gaps, an up gap would be a gift, I would be more skeptical on a down gap fade just because of this downtrend we are in.
4. As usual keep an eye on pivot levels, VA, and monitor the market internals for entries, stops and limits.
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