A quick spin around all the macro market charts: Dollar Index, Euro, Pound, Aussie, Yen, Emerging Markets, Copper, Crude, Real Estate, Equities, etc. You can check out the Better Rotation indicator here and the 5 Step Setup here. Good luck with your trading next week.
Nothing’s a sure thing, but … fading the Amateurs comes close. Now don’t get your feathers in a bunch. Maybe you don’t like hearing me say “the Amateurs are often wrong”. But are you here to trade and make money or be polite? So watch for low average trade size at breakouts or breakdowns. Then […]
The US Dollar sold off against all the major and minor currencies on Friday. We’re coming really close to the psychologically important 90.0 level on the US Dollar Index. A break of this would potentially bring in the large Exhaustion selling volume I’ve been looking for. Friday’s activity gave us classic “Jumping the Creek” patterns […]
The Emini refused to break down twice in early trade today. The first time, at 9:03 am (Chicago time), we got a RAMBO Pattern. The second time, at 9:51 am, the Professionals stepped in and held it. On our way back up we generated a nice Gathering Pattern with 4 blue Professional bars on the […]
Yesterday (Friday 5 January 2018), my Windows 10 system automatically downloaded and installed a patch to “fix” the recently discovered ‘Meltdown’ vulnerability. But as soon as Windows re-started, my TradeStation stopped working! TradeStation had put around an email warning this might happen on Thursday, so this wasn’t unexpected. What I hadn’t appreciated was that Windows […]
US Bonds have been trapped in a congestion zone since June 2017. The high and low of the congestion zone were formed during the crazy 48 hours during and after Trump’s election. We’re about to have triple Resistance levels print and if they hold, the downtrend will continue. Let’s see. Good luck with your trading.
Next week in currencies should be fun. We’ve got the US Dollar in the middle of a Short covering rally and a bunch of currencies are sitting on a ledge – Yen, Euro, Pound, Aussie, etc. They could easily fall off and lead to some larger range activity as they try and find the next […]
This turning point has been 4 years in the making. But I think we’re finally at the other side. When all the to-ing and fro-ing is over and the new trend gets going proper. It’s interesting because everyone is worried about the equity market and it’s stretched valuations. Meanwhile, the much bigger and arguably more […]
Two slow as treacle days in a row. Yesterday I made the mistake of exiting too early – before the Blue Professional Up Bars. Today I wasn’t going to make that mistake – even if I did get shaken out before the move got going 🙂 Good luck with your Emini trading.
Amateurs going Short and getting drilled 11 out of the last 14 days. Watch for the first RAMBO pattern of the day and fade the Amateurs. Good luck with your Emini trading next week.