Month: May 2018

The Ghost of 2017

What is likely happening here is that SPX is doing an ABC retracement while forming a bull flag to go higher. Wave A was the first leg down and wave B was likely the rally into the lower high that we have seen so far. What we should see next is the C leg down...

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Month: May 2018

The Backtest Before The Retest

A couple of announcements today. We did our monthly public Chart Chat on Sunday and if you missed that you can see the recording on our May Free Webinars page. We are doing a free webinar on Thursday after the close looking at our new directional Paragon Options service trading options on futures, and if you'd like...

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Month: May 2018

The Weekly Call – Trade Setups for the Week of May 13th

The Weekly Call provides perspective on high-quality setups and trading strategies. Our current performance is showing a more than 279% return since October 2016. The purpose of this blog is to demonstrate how to swing trade futures using our methodology to select high-quality setups and manage the trade with our risk management approach. This week,...

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Month: May 2018

Crypto-Currencies: Bitcoin, Litecoin and Ethereum for May 13th

Crypto-currencies are now mainstream trading instruments. I am providing charts in this blog on a weekly basis. I plan to cover just three cryptos: Bitcoin, Litecoin, and Ethereum. The point of this weekly post is to show the crowd psychology behind the price movement to support high-quality trades. BTCUSD — The retest we discussed went...

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Month: May 2018

Paragon Options – A Slick Oil Trade

Paragon Options is a service that focuses exclusively on futures options. By doing so we are taking advantage of superior premiums compared to stock options and asset diversification offered by futures. Paragon Options is a directional options service that will focus on Metals, Energies, Bonds, Currencies, and Commodities. This service will launch on June 25th. A...

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Month: May 2018

Breaking Triangle Resistance

SPX found support on Tuesday as expected, and is now testing the next level of resistance at triangle resistance on SPX. We're expecting a retracement soon and I was hoping to see triangle resistance broken clearly before that retracement, to make the next retracement low an unambiguous buy, and my wish has now been granted....

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Month: May 2018

Backtesting Broken Resistance

The NQ triangle broke up last week and ES broke up from declining resistance and back over the daily middle band. The short term low is likely made and ES/SPX has been backtesting broken resistance. There is some scope to go lower, with the obvious support levels on ES at the weekly and monthly pivots,...

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Month: May 2018

The Weekly Call – Trade Setups for the Week of May 6th

The Weekly Call provides perspective on high-quality setups and trading strategies. Our current performance is showing a more than 279% return since October 2016. The purpose of this blog is to demonstrate how to swing trade futures using our methodology to select high-quality setups and manage the trade with our risk management approach. This week,...

read more

Month: May 2018

Crypto-Currencies: Bitcoin, Litecoin and Ethereum for May 6th

Crypto-currencies are now mainstream trading instruments. I am providing charts in this blog on a weekly basis. I plan to cover just three cryptos: Bitcoin, Litecoin, and Ethereum. The point of this weekly post is to show the crowd psychology behind the price movement to support high-quality trades. BTCUSD — Achieved first target at 9702...

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Month: May 2018

Waiting For The NQ Triangle Thrust

I was talking on yesterday morning's video about the triangle breaking down on NQ, saying that the classic triangle sequence would be for the initial break to find a low, then reverse back up into the NQ triangle, and then do the main triangle thrust down. So far NQ is following that sequence and should...

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