https://www.youtube.com/watch?feature=player_embedded&v=7vNy05_3QV4
Gasoline which was on my “go long” list as of November 5th 2013 nearing confluence of trendlines / TDST / as well as near to completion TDSetupSell (2 days left) (not to overlook that target for inverse H&S has been reached) – I will be taking some profits Monday and setting really tight stop for the rest of contracts.
If I will not post in this year – Happy New Year to you all and as
Benjamin Franklin said:
Be always at war with your vices, at peace with your neighbors, and let each New Year find you a better person.
On August 23rd I wrote:
Now we got ourselves a possible runner – watch yellow channel's break – that is when all the hell in equities might break loose
On December 4th ( in $GLD $SLV $GC $SI $SPY $SPX $ES) I wrote:
Gold – off TDST + channel + TDSetupBuy – perfect.
If you did not go long yesterday – it is in no trade land now – it might go up a little (1280 is not out of the question), but it might as well go down … less likely for now
As of today it looks like my “grey area” is remaining a plausible target and I will be watching like a hawk for strong bounce if lower side of rectangle will be reached.
After wasting close to two weeks soaking under the non stop rains in Rio I cannot wait for high probability/profitability swing setups to reveal themselves.
As much as I would like to entertain an idea of markets selling off – chart points to possible move to 1830 area, but it does not matter for sane traders – market is in “no trade zone” till at least New Year. Enjoy the forced break.
That is quite expected bounce
Gold – off TDST + channel + TDSetupBuy – perfect.
If you did not go long yesterday – it is in no trade land now – it might go up a little (1280 is not out of the question), but it might as well go down … less likely for now
Quite the same story with silver
That is it for today – I am exhausted – I day traded the living hell out of /ES today and made close to 30 points on #N of contracts, but I would not want to do it again – day trading is too damn time consuming
Chart I traded based on
LONG TERM ( it does not fit my style to trade short term chart without understanding bigger picture)
and SHORT TERM
(Nov 20 2013)
Chart as of Nov 19th
same chart today (arrow signifies move captured – almost $3,500 PER CONTRACT)
and here is the same chart off my trading platform ( I use multiple charting software – sometimes it is easier on eyes and sometimes I can spot something I missed )
That yellow rectangle was my target which got hit as of now – I will be keeping this trade on the very tight leash
Trade well or die talking about it
No, no clips from youtube – I do NOT like ghetto movies
Trailing 1/2 of position with a very tight stop – it is right at .33 of he channel and upper triangle line
After pulling back at my 15680 consolidation target NIKKEI is about to hit what might become double top at TDST (TDSetupSell count is 7 now – so we might expect turnaround by the end of the week)
The very same level is a target of wedge started by Augusts' top
6 days ago posted that chart
http://www.trading-to-win.com/2013/11/cl-crude-oil-update.html#comment-1140453374
As of today that huge declining wedge might be about to pop up … up to 82.75+/-
I’ve quite bored lately and I might just disappear for few weeks – and I will blame it on Rio
Disclaimer: This website may include stock and market analysis. Any opinions, ideas, views and statements expressed here are opinion only, subject to change without notice and for informational purposes only. Trading stocks carries a high degree of risk. It is possible that an investor may lose part or all of their investment. Accuracy and timeliness of any information is not guaranteed and should only be used as a starting point for doing independent additional research allowing the investors to come to his or her own opinion. Nothing on this blog is to be considered a buy, hold or sell recommendation. Any investments, trades and/or speculations made in light of the opinions, ideas, and/or forecasts expressed or implied herein are committed solely at your own risk, financial or otherwise. Results are dependent on market conditions, timing and trading style. This blog is not affiliated with Tom DeMark in any way and does not claim to represent his estate or personal views. Any references to Tom DeMark or any of his indicators are for educational use only. Comments posted on Disqus Threads are not moderated and are not representative of opinions of authors of this site.
For newbies and lurkers out there: You will read many, many various trading observations,opinions and calls on this blog, from bullish to bearish- that’s why we’re different here. You will often see us challenge each other- and often. It is YOUR responsibility to understand and/or ask questions if you’re confused or want help/further opinion… we can’t read your mind. This is a place of learning and sharing, but the trading is YOUR responsibility alone, not ours. Rule #1- never take a trade that is not based on your own T/A and choice. Lead yourself, do not follow. I can’t emphasize that enough. Read the disclaimer at the bottom of this blog site completely, if you haven’t already. I have seen plenty of “gurus” with loads of happy followers take their trades blindly with both good AND bad results - don’t let yourself be one of those people
Disclaimer: This website may include stock and market analysis. Any opinions, ideas, views and statements expressed here are opinion only, subject to change without notice and for informational purposes only. Trading stocks carries a high degree of risk. It is possible that an investor may lose part or all of their investment. Accuracy and timeliness of any information is not guaranteed and should only be used as a starting point for doing independent additional research allowing the investors to come to his or her own opinion. Nothing on this blog is to be considered a buy, hold or sell recommendation. Any investments, trades and/or speculations made in light of the opinions, ideas, and/or forecasts expressed or implied herein are committed solely at your own risk, financial or otherwise. Results are dependent on market conditions, timing and trading style. This blog is not affiliated with Tom DeMark in any way and does not claim to represent his estate or personal views. Any references to Tom DeMark or any of his indicators are for educational use only. Comments posted on Disqus Threads are not moderated and are not representative of opinions of authors of this site.
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