Archive
Monthly Archives: May 2014
Monthly Archives: May 2014
Gold 12JJBar I am watching Gold reverse in price action back up from the lows it made yesterday. I am waiting for price to pullback to buy at 1255.8-1254.6 as well as lower at 1253.0-1250.9. The targets on the way up will first be the initiating swing at 1260.6 with the extended targets at the […]
Continue readingCrude 12JJBar I am watching Crude Oil push lower under the BMT’s as well as seeing a cross lower. I am waiting for price to retrace back to 103.20-103.34 as well as above that to 103.54-10.79 to sell it back down again. The targets on the way down will first be at the initial swing […]
Continue readingEuro 6JJBar I am watching the Euro continue to push lower after a bit of profit taking earlier in the week. I am waiting for price to take a bit of a push higher to 1.3657 and 1.3685 to sell it right back down again to the lows. The targets on the way down will […]
Continue readingNat Gas Auto Trader Natural Gas has had a very nice reversal back up to new highs with a rejection of the lows back on the 27th. From there we have had a HUGE push higher. This push higher allowed the TREND Auto Trader to hop on board with the move and bank a nice […]
Continue readingClick here to download today’s Newsletter Charts & Commentary “When popular opinion is nearly unanimous, contrary thinking tends to be most profitable. The reason is that once the crowd takes a position, it creates a short-term, self-fulfilling prophecy. But when a change occurs, everyone seems to change their mind at once.” Today’s Newsletter: · Markets […]
Continue readingIn today’s day trading tutorial we will discuss the very effective ‘Dead Cat Bounce’ Pattern. The ‘Dead Cat Bounce Pattern’ is a very simple and effective way to trade news events or fast-moving markets that are too difficult to chase. One of the most enticing trading opportunities for day traders occur after economic news events […]
Continue readingRussell 6JJBar I am watching the Russell continue to fall with some nice selling strength after a fake-break of the previous swing. I am waiting for price to get down to 1128.1 and 1125.5 to buy it right back up again to the highs. The first target will be at the previous structure area at […]
Continue readingGold 6JJBar I am watching Gold continue its descent into new lows with quite a bit of selling pressure on the way down. I am waiting for price to retrace back to 1260.4-1261.2 as well as 1262.3-1263.8 to sell it right back down to the lows again. I will be targeting the initial swing first […]
Continue readingCrude 6JJBar I am watching Crude Oil get faked out at the highs where it immediately sold right off to the lows. I am waiting for price to get down to 103.31 and 102.89 to buy it back up to revisit the highs. The initial target will be the BMT in the middle of the […]
Continue readingEuro 6JJBar I am watching the Euro continue to fall lower and lower with strong selling pressure to new lows. I am waiting for price to catch a bit of profit taking to push price up to 1.3653 and 1.3676 to sell it back down again. The target to the lows will first be the […]
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