Thursday, March 13, 2014

Copper … full ahead … down

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TDST Weekly support was tested twice – it is bar 2 of ongoing Buy Setup … and the common De-Mark-ian wisdom says: “ if TDST penetrated on bars before 6-9 …. look down below”

Monday, March 10, 2014

Stopped out by 5 points trailing stop

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.

 

 

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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!

What is this chart of?

 

 

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…nothing says “it is recovery you stupid people” better than crashing iron ora prices … 8% today alone…

Your move MiniTruth!

Sunday, March 09, 2014

Short again

 

 

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

 

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2. /ES bar nine sell setup, entered short close to TDRL (red arrow) – will use it as a “mental stop”

 

 

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