Thursday, March 13, 2014

Copper … full ahead … down




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.






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?





…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 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”