I have a question for my beloved readers today and I'm hoping one of you has a good answer. I've teamed up with an options expert friend to run a directional options portfolio based main on futures options for the last three months, and we've been recording the (very impressive so far) trades and results...
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16th Feb 2018 A couple of announcements today: Firstly, tonight's webinar at theartofchart.net has been delayed a week due to an unavoidable conflict, and will now be held on the same night as our Big Five & Sectors webinar on Thursday next week. You can register for either or both on our February Free Webinars page. The second announcement is that...
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15th Feb 2018 There has been a remarkable similarity on the patterns from last Friday's low on all of ES, NQ, and TF, with rising wedges forming then breaking down. I was expecting consolidation to establish less steep support trendlines and in a remarkable convergence, all three of those initial rising wedges evolved into the perfect rising channel...
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14th Feb 2018 Nice rally from Friday's low. Not expecting that to be the retracement low but there are fixed hourly RSI 14 buy signals that are not close to target and my lean would be that there is at least some more upside coming. Intraday Video from theartofchart.net - Update on ES, NQ, and TF: https://www.youtube.com/watch?v=HOwhzdz-KdE On the daily charts,...
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12th Feb 2018 The Weekly Call provides perspective on high-quality setups and trading strategies. Our current performance showing a more than 290% 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, I...
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12th Feb 2018 Crypto-currencies are now mainstream trading instruments. I am providing charts on 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. BTC's low window last week ended on 2-9 and...
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11th Feb 2018 In Chart Chat on Wednesday morning, Stan and I were looking at the next support levels on SPX and my pick was triple support at rising support from the Feb 2016 low, and the 200dma and annual pivot levels at 2538/9, all a match with a retest of the ES globex low on Monday night. We were...
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09th Feb 2018 ES made Stan's target area 2700-40 for the rally and all three of ES, NQ, and TF have turned back down towards likely retests of the retracement lows so far. There is still a possible case for high retests on these to make double tops to deliver that move, but I was only assigning a...
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08th Feb 2018 Well, that was interesting yesterday, and that was a really impressive move on equity indices that finally ended the longest trading period in SPX history without a 5% retracement. The mindless bullish euphoria has ended for the moment, and overall, we should be back in a more two-way market environment for a while. In terms...
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06th Feb 2018 I was looking for a decline of more than 5% from the high on SPX to signal that the market was normalizing into a more two-way trading environment, and that has been hit today, and then some. On the video below, I was noting the large amount of positive divergence on various charts and liking...
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05th Feb 2018 