Commodities, Energy, precious metals

The Weekly Call – Trade Setups for the Week of March 18th

The Weekly Call provides perspective on high-quality setups and trading strategies. Our current performance showing over a 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 am...

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Crypto-Currencies

Crypto-Currencies: Bitcoin, Litecoin and Ethereum for March 18th

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 is still in the wave 2...

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Indexes

In-Between Daze

Today has been a choppy in-between day as SPX/ES has tested strong support and, so far at least, failed either to convert it to resistance and continue down, or rally strongly from it. However, we are likely to see one or the other of those soon and I'm surprised that the process has taken as...

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Indexes

Testing Key Support

Yesterday's promising start to the downtrend has continued today and brought ES & SPX down to test important trend support at the weekly pivot on ES at 2749 and the 50 hour MA on SPX now at 2751. SPX is trading about 4 handles below ES today.  A decent confirmation that support is breaking would...

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Indexes

Buffing Fingernails Modestly

Stan and I were saying in the monthly free public Chart Chat on Sunday that the last day of the cycle high window was today and we were expecting to see a rally high made by the end of the day. You can see the recording of that here. There was obviously no doubt in our...

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Commodities, Energy, precious metals

The Weekly Call – Trade Setups for the Week of March 11th

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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Crypto-Currencies

Crypto-Currencies: Bitcoin, Litecoin and Ethereum for March 11th

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. BTC as discussed made the 11,000 area...

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Indexes

The Blue Pill

ES gapped up over resistance on the NFP numbers this morning, and we are running the second option that I  was looking at on the intraday video yesterday. ES is likely to hit the rising channel resistance I was looking at yesterday and that is now in the 2785 area. Ideally that gets hit today....

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Indexes

The Thin End Of The Wedge

On the video today the first bit where I was looking at the action so far as a likely bull flag that should deliver a retest of the HOD is now obviously out of date, as the flag then broke up and made target, and we have a new HOD. That was unfortunately only of...

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Indexes

Life Is What Happens ……

......... While You Are Busy Making Other Plans - Allen Saunders The ideal day for the bears today, after yesterday's strong break over the daily middle band, would have been an AM high in the 2735-40 range on ES, then a break and conversion to resistance of 2716 on ES, and a trend day down...

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