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Posts Tagged ‘multiple time frames’

Another gift was delivered to us today via the secret code of the Illuminati.

Of course, the dollar isn’t worth as much as it used to be these days, but we’ll take it anyways.

The bogus premarket ramp gave us a great opportunity to establish a position short and remain in the saddle all day. I know there were some kind of news reports, but quite frankly I never even have the TV on anymore.

The market has a rhythm, and that is all I care about.

Traders who cannot detect the market direction and add contracts going the wrong way to “average in” never make it very far in this business. One guru today was suggesting that, so I hit the mute button.

My wife found the right chart, and once identified, we had system sells all day long. I taught her my method, and now it only takes me half the effort. She has gotten quite sophisticated at understanding the importance of scrolling until we find the chart that the boys are using.

Our base charts are always the same, but sometimes the pace is different and that helps us better time the market.

A very special bar showed up on the chart today, and that led us to spectacular gains.

It’s all explained in the program. Sign up and we will show you how easy it is to print money with your green machine.

With 1 contract, one day like today, the system easily pays for itself and you own the system forever.

Trust me, it’s that good.

Although I am mostly self-taught, some of the gurus I have studied have shortened my journey to find profitable trading ideas that consistently work.

I hope to be able to do the same for you.

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The banana peel trade occurs more often in schizophrenic markets.

I guess we could say that means all the time.

There is a definite timing pattern I have noticed lately.

The technique currently being used is the alternating squeeze on both sides.

At least the market is fair; it messes with everyone  as it regresses to the mean.

The early shorts were squeezed to a breakout on the weekly chart; lunch was for consolidation; headfake the intraday breakout; reversal and marginally test the globex low, bounce to a positive close.

Not easy, I admit.

But if you cannot see this rhythm after market hours, you certainy will not see it in real time.

Reversals occur in zones of confluence, at pre-determined levels. Today’s reversal action was more difficult for most to suspect because it seemed like a runaway freight train.

Traders who study multiple time frames noticed visual resistance on the higher time charts.

Students who are aware of trade by trade risk/reward ratios were on high alert.

And traders who know the secret code clearly had one foot on a banana peel, recognizing the high probability of a substantial pullback.

Knowing the market will retest prior levels of support after reversing should be expected. The unknown is at what level support will come in. 

Keep your eyes peeled for the target or trailer exit to preserve your profits.

 

 

 

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