ES hit my preferred resistance trendline overnight and then again at the high this morning. There are now high quality rising wedges on ES, NQ, and TF and, strange as it seems to use these words in this sequence, this is the nicest short-term bear setup that I've seen in months. Looked at in detail...
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23rd Jan 2018 I tend to look at any bear setups lately with a very skeptical eye, and the nice-looking nested double-top setups on ES and NQ that last week closed with didn't long survive the start of trading this morning. I posted on my Twitter before the open that there was a high-quality support trendline on ES...
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22nd Jan 2018 The Weekly Call provides perspective on high-quality setups and trading strategies. Our current performance showing a more than 200% 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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21st Jan 2018 Crypto-currencies are now mainstream trading instruments and so I am providing charts on a weekly basis. I plan to cover just three cryptos: Bitcoin, Litecoin, and Ethereum. The point of the weekly post is to show the crowd psychology behind the price movement and to find profitable trades among these instruments. BTC broke lower and...
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21st Jan 2018 Well, it's been a while, but something interesting finally happened on equities today with an AM high that died into a halfway decent decline. Rising support for SPX from the late December low was broken and we may well now be in the topping process for a larger retracement before subsequent higher highs. This one...
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16th Jan 2018 The Weekly Call provides perspective on high-quality setups and trading strategies. Our current performance showing a more than 200% 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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15th Jan 2018 Crypto-currencies are becoming mainstream trading instruments so and I am providing charts on a weekly basis on this blog. I plan to cover just three cryptos: Bitcoin, Litecoin, and Ethereum. The point of the weekly post is to show the crowd psychology behind the price movement and to find profitable trades among these instruments. The...
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14th Jan 2018 I hope everyone is looking forward to the holiday weekend. I know I am, and I am planning to celebrate on Monday by moving a particularly large wardrobe from my daughter's bedroom and replacing it with a rather nice antique desk. Life can get pretty wild at Jack's house. :-) I was talking about rising...
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12th Jan 2018 The little retracement yesterday made the targets on the 60min sell signals on ES and NQ and denied SPX a record on the number of consecutive all-time highs at the start of a year. However, it is likely that in a week or so SPX will complete the longest ever period without a 5% retracement....
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11th Jan 2018 I've been ill or recovering much of the new year so far, as has Stan, and much of the western world as far as I can tell, and I've managed to keep up with my main work at theartofchart.net but this is an unusually late first post for the year. That's not the polite cough that I'm...
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09th Jan 2018 