Friday, April 04, 2014
Wednesday, April 02, 2014
Long term /ZN rising channel from 2006 is about to give up? Does not look like a diamond reversal anymore, thank you Putin for getting upset with moronic JPM actions…
Is it just me or the world is accelerating its descent closer to WWIII????
But … do not worry – drink beer, watch TeeVee and be happy…
Wednesday, March 26, 2014
Friday, March 14, 2014
Thursday, March 13, 2014
Monday, March 10, 2014
But will reshort again a little higher – that doji is too tempting. Trading around trading around with TDRL penetration as my “throw the towel again” reference level. Unfortunately 2 days TDRL is quite above 1900 level that is why I am so cautious and not taking big bets and closing out faster than normally would.
Looking at coffee futures and recall me saying on Slope Of Schlopes site when it was around 115 that “it is has bottomed, but with this volume I am not a game” … well, I wish I made money instead of just been right … when will I be right on the market? I truy expected mid January to be a significant top, still looking at current move up as “overthrow”, but getting increasingly puzzled every day … who knows – may be idiocy of Cramers of this world is the new wisdom … “where else would you put money now if not in stocks” … no valuation mentioned – and it is a way it is in new Aby Normal – who cares … those are tulips, they grow … still!
Sunday, March 09, 2014
After been stopped as per plan I defined in http://www.trading-to-win.com/2014/02/that-pride-deep-inside.html I stayed away from the market ( even went to Miami to distance myself from erratic action), but on Friday went short again based on 2 charts
1. Copper – went through the TDST support on bar 4 which hints on further strong downside and if that happens with copper – not all is well in fairly tale economy of ours. But I will be watching copper’s action very closely – if it reverses without making new low – we might just have wave C up on our hands
2. /ES bar nine sell setup, entered short close to TDRL (red arrow) – will use it as a “mental stop”
Monday, February 24, 2014
There could be only one Patria – and for me it is a former USSR and it warms me up that even after most of athletes left for European and Northern American countries in pursuit of better money ( For a lot of people “UBI BENE IBI PATRIA”) the most medals were collected by Russia. Who knows – may be 21st century will see new super power and I suspect it will not be USsA anymore and neither China.
P.S. On the “market note” – I finished trading around my short position and 100% committed on the short side – today’s fluke (without closing on new highs for SPX) presented way better entries that I could hope for – with ability to place stops so very close under today’s highs.
If it will not work – I will go flat and sit on hands for a while.