Great China grows story or … SHORT AT WILL!!!

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”

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!

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

 

 

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

 

 

That pride deep inside

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.

Move down started?

Perfect sell setup – when everyone least expects it – so close to all time high on SPX, but if it will work out – reward is huge – could be 150-180 points on /ES

 

Today may be the day to reopen /ES short

As always I will play it by ear … /ES short and VIX April calls for me, starting to build short position, will be adding next few days.

 

 

 

 

And .. I think Natural Gas has consolidated enough and ready to climb much higher

/ES update–head fake is almost over

 

 

First – reference to the comment made few days ago

 

http://www.trading-to-win.com/2014/02/es-nearing-wave-low.html#comment-1234035289

 

“Wave A only printed based on intraday low” … right now I am watching /ES 1810-1820 area, I think that it is a head fake and market luring buy side traders in, but when I look at below 2 charts – I see 1812-1815 as short re-entry.

 

 

 

 

 

Oh … looks like I was once again right on gold

Thoughts on gold (/YG) 2

 

1280 break will provide strong move to the upside – it will be the second time TDST will be assaulted and this time it will not be pretty for gold idiots shorts who proclaimed that gold was going to … 900…800…600… whatever – I am just here to trade and this blog is nothing more than personal thoughts aloud … and when I make some money I use it to enjoy life … like my last trip to St. Thomas with my friend (she had a photo shoot there and I morally supported her … I hope I have done a good job judging by portraits below )

 

 

 

 

 

What???  … you expected pictures made in Magens Bay after tourists left???

Not on this blog LOL

/ES nearing wave A low

With following buy point on attempted break of blue line with attempt ( on closing or intraday basis ) to establish DWave A low (lower than February 3rd low)  and start of Dwave B – it will happen tomorrow or Friday, which will produce sudden move up lasting 8-10 trading days and peaking around February 20th 2014 – where secondary great short opportunity will be given to SMART shorts – not IDIOT PERMA BEARS type shorts …

Trade well and don’t be lazy – refer to my prior posts on /ES – panning out perfectly so far – starting with my long term prediction of a MAJOR TOP IN MID JANUARY 2014 )

 

You can make money trading or you can lose money you made writing about trading – long live financial bloggers who can WRITE about trading…