tag:blogger.com,1999:blog-85285068601689805022024-03-08T05:48:18.708-05:00High Probability TradesTrading For A LivingTraderTopGunhttp://www.blogger.com/profile/16678008499433182104noreply@blogger.comBlogger275125tag:blogger.com,1999:blog-8528506860168980502.post-36382709960188491582017-03-24T12:20:00.001-04:002017-03-24T12:20:26.640-04:00Key Reversal in the S&P500<div class="separator" style="clear: both; text-align: center;">
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<br />TraderTopGunhttp://www.blogger.com/profile/16678008499433182104noreply@blogger.com0tag:blogger.com,1999:blog-8528506860168980502.post-62785097742024758712017-03-24T10:15:00.001-04:002017-03-24T10:15:18.035-04:00Breaking The Myth About Volume<div class="separator" style="clear: both; text-align: center;">
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<b><span style="font-size: large;">IS VOLUME A LEADING INDICATOR?<br />
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</span>If you wait for the volume to increase, you are actually getting in late. It is not a leading indicator, it’s not a leading indication. It’s not a leading anything. It’s often late to the party. So I’m getting in before the big volume comes in. the big volume is great but see you would really have to suffer through this move against your position, against these lows, psychologically that can be very challenging to deal with.<br />
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If we have another obvious surge of volume as in A12 bar. And what is that? Well the market’s actually coming down. That occurs on this red long tail bearish bar. So we’ve got this level of volume in there. It finally breaks out above that. But it breaks down, or it breaks out on a red bar, while the market’s coming down. And so that would almost make one think, well maybe some big short selling is coming in. No, that’s not at all what happened. In fact it didn’t move down much beyond that at all.<br />
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And then the next obvious big surge in volume comes in on another bar. <i>Again late to the party. Not early at the cycle low. Not even at the break out. And so it occurs in about the middle of</i> the move. Hardly a leading indication. And so that’s the second thing wrong with that statement is it is not leading at all.<br />
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</span></span></span><span lang="EN">It’s not a calculation. So first of all calling volume an indicator is wrong.<br />
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</span> </b><b>Number 2, it is not leading. It is actually often lagging. So let’s take a couple of looks at that. And I’ll explain to you why it’s lagging. Especially today.Volume is just what it is. The number of shares in the stock market or lots, or contracts, or forex, or futures that are traded. So it’s not an indicator it is actual fact. So it’s not a derivative of anything</b>. <br />
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Here’s an illustration of what I was talking about before, for exhaustion patterns when doing <u>stock market volume analysis</u>. Here’s an exhaustion pattern after 11 Peak, market gap down. <br />
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We get a nice sound exhaustion pattern candle stick at A12, big volume coming in. now again some people would say, oh that could be a beginning of a new up move. And I said, no it can just go sideways, here it does.<br />
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It goes sideways for a while and this is a daily chart, so 1, 2, 3, 4 5, 6, 7, 8, 9, 10, 11, 12, almost about 2 weeks actually. Little more than 2 weeks actually, because these are trading days. So just consolidates for over 2 weeks, and then it goes down a little bit more.<br />
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Just because you get in exhaustion pattern type volume, that’s not in and of itself a good reason to take a reversal trade, or in this case to buy. So let’s finish up talking about why this is happening. Why this is true, why it’s so counterintuitive. And why it’s against traditional teaching.<br />
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The reason is actually very simple. Volume as a leading indicator just is NOT even accurate. It doesn’t work. It’s not reliable. And the reason is, hold on to your hats.<br />
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The primary reason, the big picture is that the big institutions, the big players, pension plans, everybody’s trading this huge money. They don’t want to be trapped. And they know that if they come in with huge orders, everybody in the world looks down there and they can see that volume histogram and they are going to use that. They say, "Oh the big boys are coming in." They don’t want you to know when they are coming in. so they do a couple of things.<br />
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One thing they do is they come in through various means. In other words, they are not going to just buy, in this case 'Disney', they are going to come in through various markets, through various exchanges, through different financial instruments. The other thing, and they might do it overtime with accumulation.<br />
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THE WORLD OF "DARK POOLS"<br />
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</span>The other thing though that a lot of people are NOT aware is dark pools. What are dark pools? <br />
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Dark pools are non-exchange trading in the markets. So it’s basically institutional investors who want to buy or sell huge, maybe a million shares of a stock. They don’t want you to see that. So they actually will go to a dark pool. Which is basically private exchanges or forums, for trading stocks.<br />
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It’s not a public stock exchange. So the volume, that they are trading, they are trading it but it won’t show up down here on your volume histogram. And by the way they are a big deal. This is not something that’s just occurring on a small scale.<br />
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In fact if you did a little research on this, at Investopedia it said that in 2014, Non-exchange trading in the US accounted for about 40% of all US stock trades. 40% !. So how can you rely on volume when 40% of the volume, and that by the way, 40% is not the little guy. That 40% are the big institutions. The pros, the whales, the smart money, the big pension funds, the hedge funds. The smart money is not showing up here my friends. And that’s why volume is very deceiving, not only it isn’t reliable, looking stock market volume analysis can actually be very deceiving !</b><br />
<br />TraderTopGunhttp://www.blogger.com/profile/16678008499433182104noreply@blogger.com0tag:blogger.com,1999:blog-8528506860168980502.post-52235489313825011712017-01-09T10:21:00.003-05:002017-01-09T10:21:36.073-05:00January 6- Breakout Buy in EMini S&P Futures<div class="separator" style="clear: both; text-align: center;">
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The EMini S&P futures had a breakout setup for Friday, which made sense in light of the monthly employment report due today. The breakout setup gave a good trade for the day session after a fake out in the premarket.<br />
<br />Thursday’s bar for the S&P was an inside day, NR4 and a doji. These were all patterns indicative of a market lacking in conviction, which would be logical ahead of the monthly employment report. In keeping with the lack of directional clues, I approach breakout days willing to take a trade in either direction- let the market decide which way it wants to go, we go along for the ride. ( In this morning Exclusive Advisory I noted ROC was bullish- something to give confidence for the long side.)<br />
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For today’s trade, our upside breakout reference prices were the Thursday high of 2266.00 and the Wednesday high of 2267.25 – we would look go to long if the market traded above these price(s).<br />I suggest waiting for the 8:30 stock market open to take trades and today was a good example why. After the 7:30 employment report there were two moves above the Thursday high (double top at 2266.75) however this move lacked momentum and the market fell to a new session low of 2258.25.<br />
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This session low was made just after the 8:30 however it too lacked momentum, and the rally resumed. Around 9 AM it reached the Thursday high and 45 minutes later it began to move above the highs. Although they were all close, at this point I would use the premarket or Wednesday high as the reference price for an entry point, in order to have confidence in the uptrend.<br />
<br />The initial stop loss for our longs could go either below 2261.00 (the last swing low) or the session low. By 11 AM it reached the previous contract high at 2273.00, eventually making an intraday double top high of 2277.00.<br />
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<br />TraderTopGunhttp://www.blogger.com/profile/16678008499433182104noreply@blogger.com0tag:blogger.com,1999:blog-8528506860168980502.post-24923322555974477652017-01-07T11:10:00.004-05:002017-01-07T11:10:55.316-05:00January 6 – Taylor Trading Sell Short Day in T Bond Futures<div class="separator" style="clear: both; text-align: center;">
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Treasury Bond futures had a big rally on Thursday as they rallied out of Wednesday’s breakout pattern. This gave them a Taylor Trading Technique Sell Short day signal for Friday<br />
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Treasuries (Bonds, the 5 and 10 Year T Notes as well) had a breakout pattern Wednesday. They all showed range contraction from Tuesday as well as a Doji Bar, which indicate a lack of participation and lack of commitment to buying higher or selling lower, which would be needed to create a daily trend.<br />
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Breakout setups are often resolved by a big directional move in the following session, as traders decide on a direction, which pulls in more trade interest, setting up a positive feedback loop. That’s what we saw in Treasuries Thursday – they opened near the low of the range and rallied over the session, ending with a close near the daily high.<br />
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In the session following a breakout move I normally anticipate a Taylor Trading move in the opposite direction, so in this case Thursday’s breakout rally meant we would anticipate a Taylor Trading Sell Short day for Thursday. We look for a Sell Short day because the breakout rally of the previous day tends to create an “excess high” (to use the Market Profile term) that ends up marking a top and a trend change down.<br />
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The Taylor Trading Sell Short day tells us to look for a failed rally above the previous day high (the “reference price”) with the move back under the reference price being our signal for a short sale. Thus, for March T Bond futures we would watch 153-00 as our reference price today.<br />
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Bonds did have a rally and a sell signal before the employment report. I don’t like to take trades into major reports so I passed on this trade. My thought is that the result of a report tends to be a 50 / 50 proposition, and I’d like to take trades where I think I have better odds than that. Additionally, a report like NFP often causes the kind of “excess moves” we look for, and looking for trades after a report allows us to exploit other traders’ mistakes.<br />
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The initial move after the NFP was a rally back above our reference price and then the session high (153-05) to make a new high of 153-09. This rally failed as well and the subsequent drop back below either today’s lower high or the Thursday high could be used as a signal for a short sale.<br />
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The initial stop loss would go above today’s high of 153-09. We would hold shorts only when the market shows downside momentum and a new high would negate the bearish trend.<br />
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Bonds sold off in the wake of the employment report, making a series of lower highs to make a session low of 151-29around 8 AM (This was just above Fibonacci retracement support at 151-28). This low held until 9:40 when stocks finally rallied above their Thursday high (S&P futures have a breakout setup for today.<br />
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<br />TraderTopGunhttp://www.blogger.com/profile/16678008499433182104noreply@blogger.com0tag:blogger.com,1999:blog-8528506860168980502.post-57605319034867282862016-12-15T09:00:00.004-05:002016-12-15T09:00:58.975-05:00December 14 – Post-FOMC Emini S&P Trade<div class="separator" style="clear: both; text-align: center;">
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For the EMini S&P futures, we were anticipating a breakout trade after the 1 PM announcement. In a advisory I sent out around 12:30 I suggested we watch the session low of 2265.25 as our reference price for a downside breakout. As it turned out, this level was a 50% retracement of the past two days range so a break below there would likely lead to a move to Monday’s low.<br />
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<br />The break actually took some time to get going; the first move was up with the down move beginning about five minutes later. The first break of our reference price came around 1:10 PM, triggering our first short sale signal. <br />
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The market made a short covering rally into the start of Yellen’s press conference, leading to a test of our reference price level, leading to a test of our reference price level.<br />
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<br />“Support becomes resistance” proved an accurate axiom as it was unable to hold above the reference level, turning back down to make a session low of 2248.00. It held over two tests of the Monday low, ending with a close in the middle of the post- FOMC range.<br />
<br />TraderTopGunhttp://www.blogger.com/profile/16678008499433182104noreply@blogger.com0tag:blogger.com,1999:blog-8528506860168980502.post-11223418968517806912016-11-30T12:04:00.004-05:002016-11-30T12:04:40.127-05:00How to Read Bull and Bear Market Phases - Accumulation, Participation & Distribution <div class="separator" style="clear: both; text-align: center;">
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<b>Dow Theory is a cornerstone of price analysis and its principles have been time-tested over decades. An understanding of the three market phases and the trend cycle concepts within the Dow Theory can help traders make sense of the way price moves and shed new light on how bull and bear markets are created.<br />
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The Dow theory distinguishes between the accumulation phase, which is where the ‘smart money’ starts to accumulate positions very early on, and the public participation phase where the trend has become apparent to the ‘typical investor’ and retail traders. The third distribution phase is the final stage where the market tops and the smart money is unwinding their positions while the average investor is usually still adding to their positions. Let’s now take a closer look at the individual trend phases and what is important to know here.</b>TraderTopGunhttp://www.blogger.com/profile/16678008499433182104noreply@blogger.com0tag:blogger.com,1999:blog-8528506860168980502.post-56400099404176846922016-11-29T12:23:00.000-05:002016-11-29T12:29:44.588-05:00November 28- Taylor Trading Sell Short Day in EMini S&P Futures<div class="separator" style="clear: both; text-align: center;">
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<b>The Taylor Trading Technique views market moves as a series of reactions to what the market has done recently. Knowing this help us to anticipate what a market is likely to do, based on what it did in the previous session.<br />
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For the EMini S&P futures, Friday was a breakout buy day. On Friday it opened near the session low, rallied above the previous session high and continued higher, closing near the top of the daily range.<br />
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In reaction to this, we anticipated a Taylor Trading Sell Short day for Monday. For a TTT Sell Short day we look for the market to open near the session high, (possibly) make a failed attempt to rally above the previous day high and then proceed to sell off over the course of the session, finally closing near the daily low.<br />
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For a standard TTT Sell Short day today, we would watch the Friday high of 2211.75 as the reference price. However, I often view the Sunday night trade as a session unto itself, as it occurs after the longest weekly break between sessions and it often trades distinctly from Friday’s action<br />
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It was for this reason ( Sunday as a separate trading session) that when we would write this morning’s Trade Recommendation to my exclusive subscribers where I suggested we use the overnight high (2208.50) as a lower reference price for the Sell Short day. If the market was unable to reach Friday’s high, the high from Sunday night could be a good reference price level for deciding whether we could look for a Sell Short day / failed rally trade setup.<br />
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</b>TraderTopGunhttp://www.blogger.com/profile/16678008499433182104noreply@blogger.com0tag:blogger.com,1999:blog-8528506860168980502.post-30114046005066733522016-11-10T12:34:00.000-05:002016-11-10T12:34:28.157-05:00November 10 – Early Session Short in EMini SP Futures<div class="separator" style="clear: both; text-align: center;">
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The 8:30 AM open was 2168.25, and the first move was a rally to 2178.50. This reinforced my conviction about the short as it made the market look all the more like a TTT Sell Short day.<br />
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This initial rally failed as the market was unable to push above the overnight high of 2180.50. By 9 AM it moved below Wednesday’s low, triggering our short sale. Our initial stop loss could go in the 2174 area, roughly the midpoint between the day session high and our entry.<br />
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The ensuing selloff was strong, as anticipated, making a session low of 2147.75 by 9:35. A double bottom made around 10:10 was a signal to cover shorts as bargain hunters stepped in (for now.) If you wanted to look for a second trade, you could look to re short if the 21477.75 double bottom was broken.<br />
<br />TraderTopGunhttp://www.blogger.com/profile/16678008499433182104noreply@blogger.com0tag:blogger.com,1999:blog-8528506860168980502.post-57645387350017156002016-11-06T08:38:00.002-05:002016-11-06T08:38:49.845-05:00November 1st - Breakout Trade in EMini SP Futures<div class="separator" style="clear: both; text-align: center;">
<a href="https://1.bp.blogspot.com/-08szdzHXidI/WB8vcL9rfvI/AAAAAAAABLE/IZG8GuU-VG0lNI-wMQF6ZYthEKtgLz1agCLcB/s1600/Diver%2Band%2BSea%2BTurtle.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="240" src="https://1.bp.blogspot.com/-08szdzHXidI/WB8vcL9rfvI/AAAAAAAABLE/IZG8GuU-VG0lNI-wMQF6ZYthEKtgLz1agCLcB/s320/Diver%2Band%2BSea%2BTurtle.jpg" width="320" /></a></div>
<br />
<br />
Here is the Breakout Trade in EMini SP Futures<br />
<br />
The EMini S&P, NASDAQ, Dow and Russell all had inside days on Monday, and the NASDAQ and Russell had narrow range days as well. The breakout setup told us to look for a strong move in one direction today, and we would look for a trade to take advantage of this.<br />
<br />
Today was a reminder to not overthink trading. As today was day one of an FOMC meeting, I assumed the odds of a breakout move were lower than normal, as is often the case in the session before their announcement. In hindsight, given that the Fed is expected to not move ahead of the Presidential election, the Fed meeting wasn’t the caution signal it normally is.<br />
<br />
<div class="separator" style="clear: both; text-align: center;">
<a href="https://2.bp.blogspot.com/-K0e9eoC9Q28/WB8x1FGtvWI/AAAAAAAABLQ/SiAUTlvv6u4pR1-X3oDa1x6TIqQLGAoBACLcB/s1600/E%2BMini%2BSetup.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="180" src="https://2.bp.blogspot.com/-K0e9eoC9Q28/WB8x1FGtvWI/AAAAAAAABLQ/SiAUTlvv6u4pR1-X3oDa1x6TIqQLGAoBACLcB/s320/E%2BMini%2BSetup.png" width="320" /></a></div>
TraderTopGunhttp://www.blogger.com/profile/16678008499433182104noreply@blogger.com0tag:blogger.com,1999:blog-8528506860168980502.post-44303394677505729152016-01-05T09:18:00.001-05:002016-01-05T09:18:23.796-05:00Update on Long Term Position Trade from 2012We remain Long from 1300...here is long term picture :<br />
<br />
<div class="separator" style="clear: both; text-align: center;">
<a href="http://3.bp.blogspot.com/-ZKpcoUI-VTw/VovQdmHhRdI/AAAAAAAABIo/JTwabLkCkRE/s1600/Chart%2BSP500%2BJan%2B5%2B-%2B2016.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="180" src="http://3.bp.blogspot.com/-ZKpcoUI-VTw/VovQdmHhRdI/AAAAAAAABIo/JTwabLkCkRE/s320/Chart%2BSP500%2BJan%2B5%2B-%2B2016.png" width="320" /></a></div>
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<br />
TraderTopGunhttp://www.blogger.com/profile/16678008499433182104noreply@blogger.com0tag:blogger.com,1999:blog-8528506860168980502.post-22923870121781993162014-03-15T12:05:00.000-04:002014-12-06T11:20:43.588-05:00Swing Trade Setup Wins Again<div class="separator" style="clear: both; text-align: center;">
<a href="http://1.bp.blogspot.com/-3fjAC43OPrE/UyR6GJLyBuI/AAAAAAAABG4/S4xMr4AVQzk/s1600/Daily+-+ESH4+-+March+Swing+Trade.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" src="http://1.bp.blogspot.com/-3fjAC43OPrE/UyR6GJLyBuI/AAAAAAAABG4/S4xMr4AVQzk/s1600/Daily+-+ESH4+-+March+Swing+Trade.png" height="180" width="320" /></a></div>
<span style="color: yellow;"><strong>The Swing Trade H & S Short Setup worked as planned and it was evident in the 4 Hr for an early</strong></span><br />
<span style="color: yellow;"><strong>Short Entry . There was a question during the week posted for StockTwits followers but only one responce, and there were no qualifying followers during the week</strong></span> <br />
<br />
<br />
Another Trader frustrated with FT71's Service :<br />
<br />
"After reading his blog, watching some of the Webinars & following FT71 for several months on Twitter I have to agree with the "negative" reviews I've read. He's a good guy who's well intentioned but the service is incomplete, inadequate and lacking trade presicion. "<br />
<br />
" As another reviewer noted, Marke Profile can be a useful tool but it's not a 'complete' method of trading and you can see and feel the frustration from many of the FT71 followers as they struggle trying to implement something that they're (unknowingly) missing pieces to "<br />
<br />
"First, market profile/auction theory is not a methodology in and of itself. It also tends to perform poorly on trend days, wide range days or during periods of high volatility which FT71 freely admits. Since this is the primary focus of the service as it stands now, you're going to be disappointed once you figure out that you're not being provided all of the pieces that you need."<br />
<br />
"As a former student/aspiring trader of FT71 who struggled mightly I can also vouch for the importance of consistent real-time mentoring because I never made any real progress until I started working with someone who was there with us every day. Or, has he used to say - some things can be taught, but some can only be demonstrated over time. And it's here where this FT71 service really leaves you wanting - and needing - more."<br />
<br />
" In conclusion, I just don't understand the purpose of this FT71 service. First, there's nothing unique about his approach to MP and there are a number of other sources where you can get the same or better information and more value. Second, the real-time component is exceptionally weak !. And third, if the goal is to provide quality training then it really begs the following question - why aren't you providing your "followers' the same level of support that you provide for the traders you hire? His trade entries are too subjective and ambigious with no real time examples given in StockTwits or Twitter and his stops are too wide/high risk for any account size.<br />
<br />
"Azukar"<br />
<br />
<br />
<span style="color: cyan;"><strong>Jaguar Trader</strong></span>TraderTopGunhttp://www.blogger.com/profile/16678008499433182104noreply@blogger.com7tag:blogger.com,1999:blog-8528506860168980502.post-36905029440201046762014-02-15T10:58:00.005-05:002014-02-15T10:58:49.294-05:00Weekly Swing Trades Review<div class="separator" style="clear: both; text-align: center;">
<a href="http://2.bp.blogspot.com/-abpMsTsD8kw/Uv-Ns9HFqiI/AAAAAAAABGo/LzsEsoomHBY/s1600/Daily+ESH4+Feb+14+Friday.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" src="http://2.bp.blogspot.com/-abpMsTsD8kw/Uv-Ns9HFqiI/AAAAAAAABGo/LzsEsoomHBY/s1600/Daily+ESH4+Feb+14+Friday.png" height="180" width="320" /></a></div>
<br />
<span style="color: yellow;"><strong>Here is the Swing Trades done during the week.Anyone interested in subscription detail information needs to write a Comment on this Blog Post with the email address wich will be kept confidential.</strong></span><br />
<span style="color: yellow;"><strong></strong></span><br />
<span style="color: yellow;"><strong>Have a great weekend, see you at the Beach !</strong></span><br />
<br />
<span style="color: cyan;"><strong>JaguarTrader aka : TraderTopGun</strong></span><br />
<br />TraderTopGunhttp://www.blogger.com/profile/16678008499433182104noreply@blogger.com13tag:blogger.com,1999:blog-8528506860168980502.post-50473349391468910802014-02-08T10:45:00.001-05:002014-02-08T11:24:06.507-05:00Weekly Swing Trade Review<div class="separator" style="clear: both; text-align: center;">
<a href="http://3.bp.blogspot.com/-hD5i9rIRs4g/UvZQt_eeUrI/AAAAAAAABGY/2MC4xYjZuNY/s1600/Weekly+ESH4+Review.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" src="http://3.bp.blogspot.com/-hD5i9rIRs4g/UvZQt_eeUrI/AAAAAAAABGY/2MC4xYjZuNY/s1600/Weekly+ESH4+Review.png" height="225" width="400" /></a></div>
<div class="separator" style="clear: both; text-align: center;">
</div>
<div class="separator" style="clear: both; text-align: center;">
<span style="color: yellow;"><strong>Here is how the Swing Trade developed during the week, there were many clues on Wednesday that</strong></span></div>
<div class="separator" style="clear: both; text-align: center;">
<span style="color: yellow;"><strong>turn out to be correct and there was a second great Long Entry on Friday before the 9:30am est Open</strong></span></div>
<div class="separator" style="clear: both; text-align: center;">
<span style="color: yellow;"><strong> </strong></span></div>
<div class="separator" style="clear: both; text-align: center;">
<span style="color: yellow;"><strong>Have a Great Weekend and See You at the Beach !</strong></span> </div>
<br />TraderTopGunhttp://www.blogger.com/profile/16678008499433182104noreply@blogger.com0tag:blogger.com,1999:blog-8528506860168980502.post-23927044781141134762013-11-30T10:59:00.001-05:002013-11-30T10:59:09.690-05:00Thanksgivings Holiday at Lake Tahoe<div class="separator" style="clear: both; text-align: center;">
<a href="http://4.bp.blogspot.com/-yuKol299ESY/UpoI2JEBXWI/AAAAAAAABGE/fDgHQWnwB0I/s1600/LakeTahoe+,Nevada.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="256" src="http://4.bp.blogspot.com/-yuKol299ESY/UpoI2JEBXWI/AAAAAAAABGE/fDgHQWnwB0I/s320/LakeTahoe+,Nevada.jpg" width="320" /></a></div>
<br />
<br />
Away from the Markets , skiing in the ultimate location with a breathtaking view.<br />
<br />
Looks like the last Wed TTT Sell Short day with the RSI ( 2 ) at 98 on Thursday was a great Sell Setup in the ES. Hope you got in on that trade Bela from Budapest ! if not then , ' Which way is Austria ? ' ! LOL<br />
<br />
Wishing all my faithfull followers a cheerfull and happy Thanksgivings !<br />
<br />
Jaguar Trader<br />
<br />TraderTopGunhttp://www.blogger.com/profile/16678008499433182104noreply@blogger.com2tag:blogger.com,1999:blog-8528506860168980502.post-86895674675523009262013-03-17T22:40:00.002-04:002013-04-28T20:56:46.659-04:00New Swing Trade and Updates<div class="separator" style="clear: both; text-align: center;">
<a href="http://1.bp.blogspot.com/-d-VQvjCIekM/TTetiDZSlWI/AAAAAAAAAt0/B2JT-Tgu-10/s1600/Trading%252520chart%252520iStock_000007773702XSmall%252520304.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" src="http://1.bp.blogspot.com/-d-VQvjCIekM/TTetiDZSlWI/AAAAAAAAAt0/B2JT-Tgu-10/s1600/Trading%252520chart%252520iStock_000007773702XSmall%252520304.jpg" /></a></div>
<br />
<br />
<span style="color: cyan;"><strong>**************************************************************************</strong></span><br />
<span style="color: cyan;"><strong></strong></span><br />
<span style="color: cyan;"><strong>Thursday - March 21 Swing Trade Update :</strong></span> SHORT ZBM13 ( T-Bonds ) at 143.29 > Final target reached and nailed for :<br />
<span style="color: yellow;"><strong> + 43 ticks or $ 1,343.75</strong></span> per contract traded. Indicator Signals works again<br />
<br />
*************************************************************************<br />
<span style="color: cyan;"><strong></strong></span><br />
<span style="color: cyan;"><strong>10:30am est Update :</strong></span> The Short position is a winner : + 31 ticks or Full Point > <span style="color: yellow;"><strong>+ $968.75 GAIN</strong></span><br />
<span style="color: #cccccc;"><strong></strong></span><br />
<br />
**************************************************************************<br />
<br />
9:00pm est > T-Bonds ( 30yr ) Futures- June Contract ( ZBM13 ) : <span style="color: yellow;"><strong>SOLD 143.29</strong></span><br />
<strong><span style="color: cyan;">This is a very rare opportunity with high probability setup, will add if it goes higher.</span></strong><br />
<br />
<span style="color: yellow;"><strong></strong></span><br />
<strong><span style="color: #cccccc;">*************************************************************************</span></strong><br />
<span style="color: yellow;"><strong></strong></span><br />
<span style="color: yellow;"><strong>1:30 pm Update : <span style="color: cyan;">Target # 3 has been reached and booked, for + 25 pts added to the previous Gains. Short Position from 1557 is working as planned.Congratulations is in order for those private subscribers that took the trade with faith and conviction.</span></strong></span><br />
<strong><span style="color: cyan;"></span></strong><br />
<strong><span style="color: #cccccc;">An interesting note is that most StockTwits $ES_F traders did NOT see the reversal coming and/or ignored the WARNING posted on this Blog due to their incompetence, arrogance or just plain lack of knowledge.</span></strong><br />
<strong><span style="color: black;"><span style="color: cyan;"></span></span></strong><br />
<strong><span style="color: black;"><span style="color: cyan;">Tue - Mar 19 Swing Trade Update</span> : <span style="color: yellow;">SHORT @ 1557 </span></span><span style="color: #cccccc;">> see below</span></strong><br />
<strong></strong><br />
<strong>Well, what do you know, the expected D-Day developed into a continuation of the downtrend to my surprise and delight. The Day Trading Plan is also working as expected.</strong><br />
<span style="color: yellow;"><strong></strong></span><br />
<strong><span style="color: #cccccc;">**********************************************************************</span></strong><br />
<span style="color: yellow;"><strong></strong></span><br />
<span style="color: yellow;"><strong>Tuesday, March 19</strong></span> : <span lang="EN" style="color: #333333; font-family: "Times New Roman"; font-size: 10.5pt; mso-ansi-language: EN; mso-bidi-language: AR-SA; mso-fareast-font-family: SimSun; mso-fareast-language: ZH-CN;"><span style="color: cyan;"><strong>ES Key Levels and Trade Plan :</strong></span></span><br />
<span lang="EN" style="color: #333333; font-family: "Times New Roman"; font-size: 10.5pt; mso-ansi-language: EN; mso-bidi-language: AR-SA; mso-fareast-font-family: SimSun; mso-fareast-language: ZH-CN;"><strong><span style="color: cyan;"></span></strong></span><br />
<span lang="EN" style="color: #333333; font-family: "Times New Roman"; font-size: 10.5pt; mso-ansi-language: EN; mso-bidi-language: AR-SA; mso-fareast-font-family: SimSun; mso-fareast-language: ZH-CN;"><span style="color: cyan;"><span style="color: black; font-size: small;">
<span lang="EN" style="color: #333333; font-size: 10.5pt; mso-ansi-language: EN;"><span style="color: #cccccc;"><strong>Markets should be
somewhat rotation inside yest value area. FOMC meeting starts - ECON calendar is
very light. Markets all contained within yesterdays value area overnight - YM
came down and tagged 360 last weeks POC<o:p></o:p></strong></span></span></span></span></span><br />
<span lang="EN" style="color: #333333; font-family: "Times New Roman"; font-size: 10.5pt; mso-ansi-language: EN; mso-bidi-language: AR-SA; mso-fareast-font-family: SimSun; mso-fareast-language: ZH-CN;"><span style="color: cyan;"><span style="color: black; font-size: small;">
</span></span></span><br />
<span lang="EN" style="color: #333333; font-family: "Times New Roman"; font-size: 10.5pt; mso-ansi-language: EN; mso-bidi-language: AR-SA; mso-fareast-font-family: SimSun; mso-fareast-language: ZH-CN;"><span style="color: cyan;"><span style="color: black; font-size: small;"></span></span></span><br />
<span lang="EN" style="color: #333333; font-family: "Times New Roman"; font-size: 10.5pt; mso-ansi-language: EN; mso-bidi-language: AR-SA; mso-fareast-font-family: SimSun; mso-fareast-language: ZH-CN;"><span style="color: cyan;"><span style="color: black; font-size: small;"></span></span></span><br />
<span lang="EN" style="color: #333333; font-family: "Times New Roman"; font-size: 10.5pt; mso-ansi-language: EN; mso-bidi-language: AR-SA; mso-fareast-font-family: SimSun; mso-fareast-language: ZH-CN;"><span style="color: cyan;"><span style="color: black; font-size: small;"><div class="MsoNormal" style="margin: 0in 27pt 0pt -9pt; text-indent: 9pt;">
<span lang="EN" style="color: cyan; font-size: 10.5pt; mso-ansi-language: EN;"><strong>The Key <span style="color: yellow;">Bull / Bear
Zone : 1543.50 - 1545.50 .</span> If this zone doesn't hold then the next significant
Zone is from 1539 - 1541. Above there is 1550.75 -
1552.75 with <span style="color: yellow;">1555.75 as the Key Resistance </span>above that zone. It should be a D -
Day with no directional trend today , waiting for the FED, unless some unexpected EU news hits the wire.</strong></span><br />
<strong></strong> </div>
</span></span></span><span style="color: yellow;"><strong></strong></span><br />
<strong><span style="color: cyan;">**************************************************************************</span></strong><br />
<span style="color: yellow;"><strong></strong></span><br />
<span style="color: yellow;"><strong>WARNING of Eminent Market Top</strong></span> was given on this Blog > Wed, March 13 :<br />
<br />
<br />
<span style="color: yellow;"><strong>SHORT</strong></span> Position from <span style="color: yellow;"><strong>1557 </strong></span>was initiated on Friday , Mar 15 at 8:58am est.<br />
<br />
<span style="color: cyan;"><strong>Trade Setup :</strong></span> > Bearish Head and Shoulders Formation<br />
> VIX Count<br />
> MACD Bearish Divergence<br />
> Daily Doji at Key Institutional Level<br />
> Cycle Indicator Overbought<br />
> RSI ( 2 ) Overbought Reading at Key Resistance<br />
> Other Clues as adviced to subscribers<br />
<br />
<span style="color: yellow;"><strong>The Bull / Bear Zone : 1549 - 1546</strong></span><br />
<br />
The Market has GAP down 20.50 pts during Globex, the min target is available upon request.You must be a long term follower of this Blog and write an opinion or comment about this trade in StockTwits,thank you for your cooperation.<br />
<br />
<span style="color: yellow;"><strong>JaguarTrader</strong></span>TraderTopGunhttp://www.blogger.com/profile/16678008499433182104noreply@blogger.com34tag:blogger.com,1999:blog-8528506860168980502.post-61898245154102745042013-03-11T15:04:00.000-04:002013-03-15T08:30:46.879-04:00Swing Trade Final Target and Updates<div class="separator" style="clear: both; text-align: center;">
<a href="http://3.bp.blogspot.com/-OEkQFM4YLDc/SzTLhdeDC4I/AAAAAAAAAkE/CA0uS0Sq5Nw/s1600/mountain_climbing1.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="158" src="http://3.bp.blogspot.com/-OEkQFM4YLDc/SzTLhdeDC4I/AAAAAAAAAkE/CA0uS0Sq5Nw/s320/mountain_climbing1.jpg" width="320" /></a></div>
<br />
<span style="color: cyan;"></span><br />
<span style="color: cyan;"></span><br />
<span style="color: cyan;">Friday, March 15- 2:40am > Update :</span> <span style="color: yellow;">Long @ 1544.25</span> > booked profits : <span style="color: yellow;"><strong>+ 14.50</strong></span> pts plus previous position Total :<span style="color: yellow;"> + 21.50</span><br />
<strong><span style="color: cyan;"><span style="color: yellow;"></span></span></strong><br />
<strong><span style="color: cyan;"><span style="color: yellow;">****************************************************************************</span></span></strong><br />
<strong><span style="color: cyan;"><span style="color: yellow;"></span></span></strong><br />
<strong><span style="color: cyan;"><span style="color: yellow;">10:25am est Update :</span> Market action dictated a change in bias by way of price action clues</span></strong><br />
<strong><span style="color: cyan;">and the Short Position was reversed to <span style="color: yellow;">Long @ 1544.25</span> as adviced to private subscribers,<span style="color: yellow;"> no StockTwits notice</span> due to the activity of too many </span><span style="color: yellow;">' Incompetent Gurus for a Fee ' .</span></strong><br />
<strong><span style="color: cyan;"></span></strong><br />
<strong><span style="color: cyan;">Long position will be maintained as long as the key level > <span style="color: yellow;">1545.50</span> is not violated.</span></strong><br />
<strong><span style="color: cyan;"></span></strong><br />
<strong><span style="color: cyan;">*****************************************************************************</span></strong><br />
<strong><span style="color: cyan;"></span></strong><br />
<strong><span style="color: cyan;"><span style="color: yellow;">9:15am est ></span> </span><span style="color: #cccccc;"> If bulls can't get new highs on retail sales number the technical picture will start favoring the Bear side.....</span></strong><br />
<span style="color: cyan;"><strong></strong></span><br />
<span style="color: cyan;"><strong></strong></span><br />
<span style="color: cyan;"><strong>Wednesday, March 13 > 9:16pm Globex Session ( Tue Night ) > <span style="color: yellow;">SOLD 1549.50</span></strong></span><br />
<strong><span style="color: cyan;">Setup : FLAT Top , MACD Bearish Divergence and other Clues as indicated to subscribers.Stay Tune....</span><span style="color: yellow;">Booked + 7 pts and reversed to Long.</span></strong><br />
<strong><span style="color: cyan;"></span></strong><br />
<span style="color: #cccccc;"><strong>WARNING : IMPORTANT MARKET TOP WITHIN 2 WEEKS !</strong></span><br />
<strong><span style="color: cyan;"></span></strong><br />
<strong><span style="color: cyan;">***********************************************************************</span></strong><br />
<span style="color: cyan;"><strong></strong></span><br />
<strong><span style="color: cyan;"></span></strong><br />
<span style="color: cyan;"><strong></strong></span><br />
<span style="color: cyan;"><strong>2:30pm - Swing Trade Update :</strong></span> Long @ 1507.50 > Setup as explain to subscribers.To no-subscribers the <span style="color: cyan;"><strong>Inverted H&S Bullish Formation</strong></span> was one of the clues.<br />
<br />
<span style="color: yellow;"><strong>Target # 7</strong></span> has been reached and filled or booked for another <span style="color: yellow;"><strong>+ 48.25 pts profits</strong></span> in the March Contract. Will have to liquidate the position due to the expiration of the contract.<br />
<br />
The Total Points Final GAIN for this Swing Trade : <span style="color: yellow;"><strong>251.50 pts or $ 12,575</strong></span> for all targets.<br />
<br />
<span style="color: yellow;"><strong>JaguarTrader</strong></span><br />
<br />
<br />
<br />TraderTopGunhttp://www.blogger.com/profile/16678008499433182104noreply@blogger.com1tag:blogger.com,1999:blog-8528506860168980502.post-18403248900574965892013-03-03T14:22:00.001-05:002013-03-08T12:00:06.173-05:00Swing Position Wins Again<div class="separator" style="clear: both; text-align: center;">
<br /></div>
<div class="separator" style="clear: both; text-align: center;">
<a href="http://2.bp.blogspot.com/-WLn_Cxrxcgk/SymES7xr7hI/AAAAAAAAAjU/PTrb1umVXss/s1600/Winter%25252C_snow.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="248" src="http://2.bp.blogspot.com/-WLn_Cxrxcgk/SymES7xr7hI/AAAAAAAAAjU/PTrb1umVXss/s320/Winter%25252C_snow.jpg" width="320" /></a></div>
<br />
<span style="color: cyan;"><strong></strong></span><br />
<strong><span style="color: cyan;"><span style="color: yellow;">Friday 8:31am Update : </span></span><span style="color: cyan;">Target # 6 has been filled and booked for + 46 pts. The Current Total for this Swing Trade is now : <span style="color: yellow;">+ 203.25 pts or $ 10,162.50</span> < Home Run and is not even completed yet !</span></strong><br />
<strong><span style="color: cyan;"></span></strong><br />
<strong><span style="color: cyan;">This morning before the report the majority of traders in StockTwits were positioned Short</span></strong><br />
Those shorts along with non-participants of this rally continue to scratch their heads wondering if there will ever be a pullback.The pullback will come when the key resistance is tested above.<br />
<br />
<span style="color: yellow;"><strong>JaguarTrader</strong></span><br />
<br />
****************************************************************************<br />
<strong><span style="color: cyan;"><span style="color: yellow;"></span></span></strong><br />
<strong><span style="color: cyan;"><span style="color: yellow;">Friday, March 08 - 6:30am est </span> Swing Position Update: <span style="color: yellow;">Target # 5</span> reached, filled and booked</span></strong><br />
<strong><span style="color: cyan;">for + 41 pts profits > Grand Total : </span><span style="color: yellow;">+ 157.25 pts</span></strong><br />
<span style="color: cyan;"><strong></strong></span><br />
<span style="color: cyan;"><strong>Today is NFP Day and the new contract is now June but the last trading day is ....</strong></span><br />
<strong><span style="color: cyan;"></span></strong><br />
<div class="MsoNormal">
<span style="font-size: 14pt; line-height: 115%; mso-bidi-font-family: Calibri; mso-bidi-theme-font: minor-latin;">The
most important thing to remember with today’s news is that we will ALWAYS need
to wait 15-20 mins after this news is released to trade in the direction of the
new short-term trend. The reason for this is because analysts have been looking
at this news report for 2 weeks, the day after the last FOMC report was released
analysts start watching for the NFP news. This means MOST asset-managers and
well-funded traders have already ‘placed their bets’ in the direction they
believe this news will be released at. This means that if this news comes out
‘as-expected’ we aren’t going to see much action because the market-personality
has already priced-in the news. The bottom line is, whenever there is news that
EVERYONE knows is coming, price-action will manifest itself in the direction as
if the news had already been released. </span></div>
<span style="color: cyan;"><strong>************************************************************************</strong></span><br />
<span style="color: cyan;"><strong></strong></span><br />
<span style="color: cyan;"><strong>6:30am est Wednesday, March 06 Update:</strong></span><br />
<strong><span style="color: cyan;"></span></strong><br />
<strong><span style="color: cyan;">Swing Position : <span style="color: yellow;">Long @ 1507.50 ,</span> Target # 4 achieved and booked <span style="color: yellow;">+ 36.75 pts</span> </span></strong><br />
<strong><span style="color: cyan;"></span></strong><br />
<strong><span style="color: cyan;">Current Total Points Profits :</span><span style="color: yellow;"> +79.50 pts</span></strong><br />
<strong><span style="color: yellow;"></span></strong><br />
<strong><span style="color: yellow;">JaguarTrader</span></strong><br />
<span style="color: cyan;"><strong></strong></span><br />
<span style="color: cyan;"><strong></strong></span><br />
<span style="color: cyan;"><strong>**************************************************************************</strong></span><br />
<span style="color: cyan;"><strong></strong></span><br />
<span style="color: cyan;"><strong>10:30am est Tuesday Update :</strong></span><br />
<strong><span style="color: cyan;"></span></strong><br />
Position : <span style="color: yellow;"><strong>Long 1507.50 > now + 33.75 pts</strong></span>, booked profits along the way at several levels<br />
<br />
<span style="color: yellow;"><strong>JaguarTrader</strong></span><br />
<span style="color: cyan;"><strong></strong></span><br />
<span style="color: cyan;"><strong></strong></span><br />
<span style="color: cyan;"><strong>************************************************************************</strong></span><br />
<span style="color: cyan;"><strong></strong></span><br />
<span style="color: cyan;"><strong>5:00am est Tuesday Mar 05 > Swing Position Update : + 22.75 pts - Trade Setup : Bullish Inverted H & S</strong></span><br />
<strong><span style="color: cyan;"></span></strong><br />
<strong><span style="color: cyan;">*************************************************************************</span></strong><br />
<span style="color: cyan;"><strong></strong></span><br />
<span style="color: cyan;"><strong>Monday-Mar 4th, 6pm Swing Position Update</strong></span> : <span style="color: yellow;"><strong> Long from 1507.50 <span style="color: cyan;">+20 pts booked</span></strong></span><br />
<strong><span style="color: cyan;"></span></strong><br />
<strong><span style="color: #cccccc;">The Bear / Bull - Line In the Sand Zone is now : 1513.25 to 1515.50 and the First Support Zone is : 1518.75 to 1520.75</span></strong><br />
<strong><span style="color: cyan;"></span></strong><br />
<strong><span style="color: yellow;">JaguarTrader </span></strong><br />
<strong><span style="color: yellow;"></span></strong><br />
<strong><span style="color: #cccccc;">**************************************************************************</span></strong><br />
<br />
<br />
US Stock Market history was made this week when the Dow dropped 216 points on Monday, a one day decline that engulfed the range of the prior twenty trading days. <br />
<br />
Unless the market tanks soon on the heels of the Sequester, which was signed into law by President Obama late Friday, it will be just an interesting footnote. The market recovered and the Dow actually closed on new highs. <br />
<br />
This wacky price action shows just how brittle this market really is. It was mostly induced by the elections in Italy, where a 76 year old scandal plagued media tycoon ( " The Clown " ) and three time former <span style="color: yellow;"><strong>Prime Minister, 'Fohget About It' > Silvio Berlusconi</strong></span>, was re-elected to head his party causing a political stalemate and casting doubt on the viability of the EU. Famous for hosting "Bunga Bunga" parties and cornering the Viagra market, he topped those acts with his recent engagement to a 27 year old bombshell (not to mention his ongoing corruption trials, associating with underage prostitutes, or the fact that he is still married).<br />
<br />
The Italian Political landscape makes our Capital Hill look downright enlightened. In fact, a comedian who heads another populist political party that is against the austerity plan reviled by most Italians is a critical power broker, Beppe Grillo. He will highly influence if not decide who will be next Prime Minister of Italy and what happens to the Euro as well. What is good for the corrupt Berlusconi ( 'fohrget about it' ) is not good for Italy as its stock market dropped 10% from this week and clearly needs a dose of whatever Silvio ( The Clown ) is having.<br />
<br />
The<span style="color: yellow;"><strong> Republicans in capitol hill</strong></span> are still playing political games with the economy and not supporting the President in negotiating the budget.Is to be expected since they are still bitter for loosing the election and are doing what they always have done, <span style="color: yellow;"><strong>fighting to protect the rich from higher taxes no matter what, </strong></span>even if it means another recession, and they have the audacity to blame the President for the lack of budget resolution !. The U.S. government stumbled headlong on Friday toward wide-ranging spending
cuts that threaten to hinder the economic recovery, after President Barack Obama
and congressional <span style="color: yellow;">Republican leaders failed to support the president</span> and find an alternative budget plan.<br />
<br />
The market internals and sentiment indicators all point to more upside, and seasonally March and April are historically good months for the equity markets. However, the markets short term price pattern trumps all in a brittle environment and if the average American starts to see the effects of the mandatory cuts, the market will also feel its effects. We are still high on the fact that we got thru the debt ceiling crisis, so why not this one?<br />
<br />
The ES Daily and 4 Hr Charts have formed a <span style="color: yellow;"><strong>Bullish Inverted Head and Shoulders</strong></span> <span style="color: cyan;"><strong>with minimun target of 1567.25 </strong></span>in the March contract, this would have to be recalculated for the June contract.<br />
<br />
<span style="color: yellow;"><strong>Monday Mar 04 at 2:08am est ></strong></span> <span style="color: cyan;"><strong>Long @ 1507.50</strong></span><br />
<br />
<br />
<br />TraderTopGunhttp://www.blogger.com/profile/16678008499433182104noreply@blogger.com9tag:blogger.com,1999:blog-8528506860168980502.post-34068022148249949492013-02-24T00:33:00.000-05:002013-02-25T16:29:50.152-05:00Market Status and Projections<div class="separator" style="clear: both; text-align: center;">
<a href="http://3.bp.blogspot.com/-ptDh_ojND-Y/TvlgJfrJBmI/AAAAAAAAA1U/rCcJOAvoKtg/s1600/Intense-skiing.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="240" src="http://3.bp.blogspot.com/-ptDh_ojND-Y/TvlgJfrJBmI/AAAAAAAAA1U/rCcJOAvoKtg/s320/Intense-skiing.jpg" width="320" /></a></div>
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<br />
<span style="color: cyan;"><strong>4:10pm est > Position Update :</strong></span> As expected Sunday the ES has confirmed a <span style="color: cyan;">Bearish Head and Shoulder Formation announced one day before,</span><br />
<span style="color: cyan;"></span><br />
The Setup worked again: Targets 1, 2 and 3 filled and booked, last target available upon request.<br />
<br />
<span style="color: yellow;"><strong>Short from 1524.25 + 39 pts < Open Profits.</strong></span><br />
<br />
***************************************************************************<br />
<br />
<br />
After droping below the 10 Day Moving Average on Wed Feb 20 and below the 20 Day MA on Thursday , and <span style="color: yellow;"><strong>breaking the long term channel <span style="color: yellow;">trend li</span></strong></span><span style="color: yellow;">ne</span> , the ES found support at the CHVN Key Zone. The Day # 2 RSI( 2 ) Reading became very low and <span style="color: yellow;"><strong>the VIX Count</strong></span> was at reversal level, then the <span style="color: yellow;"><strong>Third Day BUY Signal</strong></span> was given on Friday to subscribers. <br />
<br />
It was a winner again hitting all Targets on the way up. Of course if you have been following this Blog for a long time, you probably would have anticipated this <span style="color: yellow;">High Probability Setup</span> that has been discussed on this Blog many times before without having to be a subscriber.Eddie take note.<br />
<br />
As you recall on the previous Sunday Feb 10 a very subtle , simple but accurate statement was posted<br />
on this Blog :<span style="color: yellow;"> " The TRUE correction will most likely occur after the</span><span style="color: cyan;"><strong><span style="color: yellow;"> > FOMC Minutes Meeting on Wed Feb 20th "</span> < and that is exactly what transpired.</strong></span><br />
<span style="color: cyan;"><strong>Amazingly enough there was only one very keen person that noticed it or acknowledged it in StockTwits <</strong></span><br />
<span style="color: cyan;"><strong></strong></span><br />
<span style="color: cyan;"><strong></strong></span><br />
<span style="color: cyan;"><strong><span style="color: #999999;"><span style="color: yellow;">Projections :</span> </span></strong></span><strong><span style="color: #cccccc;">The ES has traded below the Daily channel established since the unfilled GAP on January 20 . What is expected is a retrace back up to the 61.8% at 1516.50 < Weekly Pivot.</span></strong><br />
<strong><span style="color: #cccccc;"></span></strong><br />
<strong><span style="color: #cccccc;">It is possible it will start to form a Bearish Head and Shoulder Formation by testing between : </span><span style="color: yellow;">1522.50 and 1524.50 Key Sell Zone </span><span style="color: #cccccc;">< This scenario would be invalidated IF price action consolidates above this Zone. Then the <span style="color: yellow;">1530 weekly High</span> will probably be tested and exceeded. </span><span style="color: yellow;">Key Support : 1519.50 < Institutional Level and 1508.75 to 1512</span></strong><br />
<strong><span style="color: yellow;"></span></strong><br />
<strong><span style="color: cyan;">If the key Support Zone does not hold then the H & S theory goes into effect and a bearish bias should be considered</span></strong><br />
<strong><span style="color: cyan;"></span></strong><br />
<u><span style="color: #0084b4;"><strong></strong></span></u><br />
<div class="js-tweet-text">
Note that I don't predict what will happen nor am I firm in my view or wording. I expect certain behaviors in price action but failure to comply is an indication also. Will change opinion instantly. Market is the master .Think of trading like surfing. You can't create the wave. You can only read and interpret what is coming & try to ride it using your personal skills, methods and tolerance for risk.<br />
</div>
<div class="js-tweet-text">
There is no right or wrong answer & someone else's method is not likely to suit your skills, risk tolerance and style. In my opinion: It is best to understand the auction process & what motivates players to trade. Then master a few tools. Limit risk. Trade with less stress and more conviction.<br />
</div>
<div class="js-tweet-text">
Continuously changing your method puts you back in middle of learning curve over & over. It may cause frustration , doubt & little progress.<br />
<br />
<span style="color: yellow;"><strong>Notice: Trading Futures involves substantial risk of loss & is not suitable for all investors. Comments on this Blog are not trade recommendations.</strong></span> </div>
<div class="js-tweet-text">
</div>
<div class="js-tweet-text">
Your priorities: 1) Risk control and exercise mental disciplined, 2) Think and practice your plan thru before the open, 3) Trade & move on! don't judge your skills by a few losses.</div>
<div class="js-tweet-text">
</div>
<div class="js-tweet-text">
You career as trader is determined by performance of large set of trades. Not the last trade or 2. Risk control keeps you in game and NEVER ever pay a fee or follow the advice of <span style="color: cyan;"><strong>StockTwits GURUS teaching for a fee</strong></span>, especially when <span style="color: cyan;"><strong>they don't post live trades or order entries ahead of price action</strong></span>, because their levels or " Zones " are very subjective and NOT proven with live trades.There are many people doing this in StockTwits and there is no accountability or regulation.<br />
<br />
The best and most effective way to learn this is NOT to pay someone else to teach you, but to do your own research , follow the price action and push yourself to find the clues of the market you are trying to master.</div>
<div class="js-tweet-text">
</div>
<span style="color: cyan;"><strong><span style="color: yellow;">Jaguar Trader</span> a.k.a Trader TopGun</strong></span><br />
<strong><span style="color: cyan;">**********************************************************************</span></strong><br />
<strong><span style="color: cyan;"></span></strong><br />
<strong><span style="color: cyan;">America BEWARE : One Nation Under > China</span></strong><br />
<strong><a href="http://finance.moneyandmarkets.com/reports/event/rwr/one-nation-49.php?ccode=&em=&sc=WWIZAR&ec=5434144"><span style="color: yellow;">http://finance.moneyandmarkets.com/reports/event/rwr/one-nation-49.php?ccode=&em=&sc=WWIZAR&ec=5434144</span></a></strong><br />
<strong><span style="color: cyan;"></span></strong><br />
<span style="color: cyan;"><strong></strong></span><br />
<br />TraderTopGunhttp://www.blogger.com/profile/16678008499433182104noreply@blogger.com2tag:blogger.com,1999:blog-8528506860168980502.post-1016512982230393392013-02-10T14:16:00.000-05:002013-02-10T14:21:34.264-05:00The Next Market Correction <div class="separator" style="clear: both; text-align: center;">
<a href="http://3.bp.blogspot.com/-87wqLHErmMQ/SzrLdKRBxaI/AAAAAAAAAkM/qHn3czi2HxU/s1600/House+by+Lake+in+Winter+Snow.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="240" src="http://3.bp.blogspot.com/-87wqLHErmMQ/SzrLdKRBxaI/AAAAAAAAAkM/qHn3czi2HxU/s320/House+by+Lake+in+Winter+Snow.jpg" width="320" /></a></div>
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<br />
Of course a market correction is inevitable. The market can't go up forever. Everyone knows that. Still market tops always seem to "surprise" traders and investors. Yet, you probably learned in kindergarten how to avoid getting caught at the top. Remember the game of musical chairs? You needed to go with the flow, but listen closely to the music ( clues )<br />
<br />
Unfortunately, for most traders "going with the flow" without listening to the market clues is all too often the real reason why a market's correction is not understood and accepted by most traders until it is too late to have sold at the top. This leaves most traders surprised and wondering why they didn't see the top coming. This is the process that "Mr. Market" has perfected in order to hurt as many traders as possible at each turning point.<br />
<br />
The irony in this is that the market often does warn traders of which financial or economic headwinds might cause the next "surprise" correction well in advance of the significant market declines. But tops happen when too many traders aren't listening. And just like that game you learned in kindergarten, Musical Chairs, the traders who aren't listening closely enough to the market are the ones left standing with losses when the bull market's music stops.<br />
<br />
I think if you polled traders in the U.S. you would find that most would agree that the financial problems in Europe are not over. But if your follow up question asked if Europe's problems were still our problem, the majority would likely answer "no". I'll admit that prior to this week I would not have ranked Europe's problems as high on my list of concerns for our market. But I've changed my mind.<br />
<br />
The market has enjoyed a run up thus far this year that is literally worthy of the record books. In doing so, traders have focused on positive earnings reports and brushed off mediocre economic data as good enough to justify the move higher. Who am I to argue? The market knows best. However, the market also warns us of its strengths and weaknesses. And this week the market had its worst down day of the year. I'd bet that most traders have already forgotten about this day because the following days easily erased the losses and moved even higher.<br />
<br />
Listen to the market. The forgotten down day (the biggest down day of the year) was a result of fears over Europe's financial condition. Europe's problems are not over, and if you believe that the market knows best, then there is still a risk that Europe may create problems for our markets.<br />
<br />
I'm not interested in drumming up fear, screaming "fire", or predicting the inevitable correction will be brought on by Europe, but when the market leaves clues like this, I go looking for ways to be more attentive to important market weaknesses and price action hidden clues. This way, I can continue to follow the flow of the market but should Europe begin to develop into a "surprise" I will have seen it coming, and avoid being that last trader standing in the market's game of musical chairs.<br />
<br />
There are<span style="color: cyan;"> two scenarios</span> that will probably play out this coming week.<span style="color: cyan;"><strong> First one</strong></span> is that there will be a GAP Down on Monday < <span style="color: cyan;"><strong>TTT Sell Day</strong></span> and will most likely close the <span style="color: cyan;"><strong>open Gap between 1506 and 1508 </strong></span>and find support at 1502 to 1501 or > <span style="color: cyan;"><strong>Second Scenario</strong></span> : The ES will go up to the <span style="color: yellow;"><strong> 1517 to 1519.75 Zone</strong></span> and encounter resistance there follow by a correction to the Gap Zone.The TRUE correction will most likely occur after the<span style="color: cyan;"><strong> > FOMC Minutes Meeting on Wed Feb 20th</strong></span>.<br />
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<br />TraderTopGunhttp://www.blogger.com/profile/16678008499433182104noreply@blogger.com2tag:blogger.com,1999:blog-8528506860168980502.post-72468502812291058262013-01-29T12:51:00.002-05:002013-01-31T07:33:51.024-05:00A Fundamental Shift<div class="separator" style="clear: both; text-align: center;">
<a href="http://3.bp.blogspot.com/-3caAP3-MDM4/Srw1B3KFn0I/AAAAAAAAARY/zyskPJGxayU/s1600/MyTradingStation.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" src="http://3.bp.blogspot.com/-3caAP3-MDM4/Srw1B3KFn0I/AAAAAAAAARY/zyskPJGxayU/s1600/MyTradingStation.jpg" /></a></div>
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<span style="color: cyan;"><strong>Thursday, Jan 31 - 7:28am est Update :</strong></span><br />
<strong><span style="color: cyan;"></span></strong><br />
<strong><span style="color: cyan;">Open Position : </span><span style="color: yellow;">SHORT @ 1505.75 , 1503</span></strong><br />
<strong><span style="color: yellow;"></span></strong><br />
<strong><span style="color: cyan;">Third Target Objective : 1492.25 < has been filled for another + 13.50 pts</span></strong><br />
<strong><span style="color: cyan;"></span></strong><br />
<strong><span style="color: cyan;">Total GAIN Profits :</span><span style="color: yellow;"> + 31.50 pts</span></strong><br />
<strong><span style="color: cyan;"></span></strong><br />
<strong><span style="color: yellow;">Jaguar Trader</span></strong><br />
<span style="color: cyan;"><strong></strong></span><br />
<span style="color: cyan;"><strong>********************************************************************</strong></span><br />
<span style="color: cyan;"><strong></strong></span><br />
<span style="color: cyan;"><strong>3:54pm est Update : </strong></span><br />
<strong><span style="color: cyan;"></span></strong><br />
<strong><span style="color: cyan;">Next Target was filled at 1495.50 < S1 > for another easy profits of + 10.25 . <span style="color: yellow;">The current total GAIN is now + 18 Pts</span>, next target below : 1491</span></strong><br />
<strong><span style="color: cyan;"></span></strong><br />
<strong><span style="color: cyan;">Setup for this Short Swing Trade : </span></strong><br />
<strong><span style="color: cyan;"></span></strong><br />
<strong><span style="color: cyan;"> </span><span style="color: #cccccc;"> T T T Sell Short Day</span></strong><br />
<strong><span style="color: #cccccc;"> Last Trading Day of the Month-Sell Day</span></strong><br />
<strong><span style="color: #cccccc;"> MACD Double Bearish Divergence</span></strong><br />
<strong><span style="color: #cccccc;"> R S I ( 2 ) Extreme Reading</span></strong><br />
<strong><span style="color: #cccccc;"> VIX Count Reversal</span></strong><br />
<strong><span style="color: #cccccc;"> Weekly Channel Resistance</span></strong><br />
<strong><span style="color: #cccccc;"> Transport Avrg Index Breakdown</span></strong><br />
<strong><span style="color: #cccccc;"> Too Many Bulls in StockTwits</span></strong><br />
<strong><span style="color: #cccccc;"> Proprietary Oscillator Overbought</span></strong><br />
<strong><span style="color: cyan;"></span></strong><br />
<strong><span style="color: #cccccc;">Looks like ' FibFreak ' ( novice ) Dr ' SupremeTrades ' were the only ones that sold this morning in StockTwits. Congratulations is in order for an accurate read on price action.</span></strong><br />
<strong><span style="color: #cccccc;"></span></strong><br />
<strong><span style="color: #cccccc;">*************************************************************************</span></strong><br />
<span style="color: cyan;"><strong></strong></span><br />
<span style="color: cyan;"><strong>3:16pm est Update</strong></span> : <span style="color: yellow;"><strong>Short @ 1505.75</strong></span> < highest of multiple entries >Target at <span style="color: yellow;"><strong>1496.75</strong></span> hit and booked as predicted at 10:11am today<br />
<br />
" Given sustained rally, seeing many suckered into old how much farther can it go mentality & stubbornly shorting. Don't " FT71 < WRONG !<br />
<br />
10:11am est > $ES_F < <span style="color: yellow;"><strong>Will go to 1496.75</strong></span> < Key Support<br />
<br />
8:30am est > booked profits :<span style="color: cyan;"><strong> + 7.75 pts <span style="color: yellow;">Short @ 1505.75</span></strong></span><br />
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**************************************************************************<br />
6:02am est SOLD again 1505.75 at Key Level : 1506<br />
<br />
4:14pm est > SOLD 1505.75 second lot <br />
<br />
1:39 pm est > SOLD 1503<br />
<br />
12:49 pm est > Will exit Intraday Long and reverse > <span style="color: cyan;"><strong>Will SELL 1503</strong></span> < Now trading at 1501.75TraderTopGunhttp://www.blogger.com/profile/16678008499433182104noreply@blogger.com1tag:blogger.com,1999:blog-8528506860168980502.post-58073969047892882292013-01-24T10:04:00.001-05:002013-01-28T11:28:39.567-05:00Swing Trade Final Target Wins Again<div class="separator" style="clear: both; text-align: center;">
<a href="http://2.bp.blogspot.com/-gygMNxtB4NU/Sr4fIj6c8CI/AAAAAAAAAR4/Kf1gUury9ng/s1600/The+Thrill+Of+Victory.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" src="http://2.bp.blogspot.com/-gygMNxtB4NU/Sr4fIj6c8CI/AAAAAAAAAR4/Kf1gUury9ng/s1600/The+Thrill+Of+Victory.jpg" /></a></div>
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<br />
As expected <span style="color: yellow;"><strong>the final target: 1494.50</strong></span> for this winning Swing Trade has been accomplished.<br />
<br />
<br />
Total Frofit GAIN for this Swing Trade :<span style="color: yellow;"><strong> + 176.50 pts</strong></span> > Ten Consecutive Home Runs !<br />
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<span style="color: yellow;"><strong>Jaguar Trader</strong></span>TraderTopGunhttp://www.blogger.com/profile/16678008499433182104noreply@blogger.com2tag:blogger.com,1999:blog-8528506860168980502.post-49896103915584216022013-01-24T08:23:00.003-05:002013-01-24T23:05:21.493-05:00The BULL is Alive<div class="separator" style="clear: both; text-align: center;">
<a href="http://3.bp.blogspot.com/-wZj9UBffrAs/St95c1Qr6wI/AAAAAAAAAXE/I6y3UqGWkTQ/s1600/Matador-Technique.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" src="http://3.bp.blogspot.com/-wZj9UBffrAs/St95c1Qr6wI/AAAAAAAAAXE/I6y3UqGWkTQ/s1600/Matador-Technique.jpg" /></a></div>
<br />
The Swing Position is Open ,<br />
<br />
<span style="font-family: Verdana;">The Wall Street Journal ran a story that independent research firms report orders for AAPL iPhone screens from its various Asian suppliers had dropped over 50%. This caused a steep dive in APPL stock and cleared out stop orders under $500, which was a critical price level that had held since mid-November</span><br />
<span style="font-family: Verdana; font-size: x-small;"></span><br />
<span style="font-family: Verdana, sans-serif;"><span style="font-size: 10pt;">Apple closed at $500.00 per share on Friday, January 18th, 2013. This was options expiration. If you think this was a random coincidence, please crawl back in your hole and continue drinking the cool-aid. You are beyond help and will continue to lose your hard earned money.</span></span><br />
<br />
<span style="font-size: 10pt;"><span style="font-family: Verdana, sans-serif;">You need to understand how the institutions maximize profit on these options they sell. They charge a premium for each options sold. Whether a call or a put, they all have a strike price they are sold at. The strike is the value the buyer is betting the price will be above for a call and below for a put. In the case of Apple Inc. should a call be bought with a strike price of $500.00, the buyer would only make money if the call closes above $500.00. The more above $500.00, the more profitable the option becomes on options expiration day. The same thing occurs with puts. If puts are bought with a strike of $500.00, the buyer makes money the lower it goes below that key $500.00 level. <strong>Lastly. a</strong></span></span><span style="font-size: 9pt;"><span style="font-family: Verdana, sans-serif;"><span style="font-size: 10pt;"><strong>n option will expire 100% worthless if it closes at the strike price. If this happens, the institutions maximize profit by taking the entire premium. Each options expiration, this means millions of Dollars to institutions as pure profit.</strong></span></span></span><br />
<span style="font-size: 9pt;"><span style="font-family: Verdana, sans-serif;"><span style="font-size: 10pt;"><strong></strong></span></span></span><br />
<span style="font-size: 9pt;"><span style="font-family: Verdana, sans-serif;"><span style="font-size: 10pt;"><strong></strong></span> </span></span><br />
<span style="font-family: Verdana, sans-serif;"><span style="font-size: 10pt;">The scam concludes when institutions analyze and isolate where a stock MUST close to maximize profit. They push a stock to that level using their billions of Dollars and rape the average investor who plays the options in hopes of hitting a home run.</span><br />
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<span style="font-size: 10pt;"><span style="color: yellow;"><strong>Short Sellers cashing in on the death of AAPL will NOT stop this rally.</strong></span></span><br />
<span style="font-size: 10pt;"></span><br />
<span style="font-size: 10pt;"> The smooth transition of power and the inauguration of President Obama should provide additional short term support to the current market. Market stats are also favorable this year based on several measures including relative performance under democratic presidents and the January effect or calendar ranges. On a pure price basis we are getting a bit extended in the SPY.</span><br />
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<span style="font-size: 10pt;"><span style="color: yellow;"><strong>Long @ 1456.50</strong></span> Initiated with 10 contracts with a current total profit Gain of <span style="color: yellow;"><strong>+ 136.25 pts</strong></span></span><br />
<span style="font-size: 10pt;">How do you like that Boston ! ?</span><br />
<span style="font-size: 10pt;"></span><br />
<span style="font-size: 10pt;"><span style="color: yellow;"><strong>Jaguar Trader</strong></span></span><br />
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<br />TraderTopGunhttp://www.blogger.com/profile/16678008499433182104noreply@blogger.com0tag:blogger.com,1999:blog-8528506860168980502.post-5835160432303991062013-01-21T10:56:00.001-05:002013-01-23T00:01:32.647-05:00Swing Position Update<div class="separator" style="clear: both; text-align: center;">
<a href="http://3.bp.blogspot.com/-OEkQFM4YLDc/SzTLhdeDC4I/AAAAAAAAAkE/CA0uS0Sq5Nw/s1600/mountain_climbing1.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="158" src="http://3.bp.blogspot.com/-OEkQFM4YLDc/SzTLhdeDC4I/AAAAAAAAAkE/CA0uS0Sq5Nw/s320/mountain_climbing1.jpg" width="320" /></a></div>
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<span style="color: cyan;"><strong>5:15pm est > Price Hit and Closed a - 50% Fibonacci <span style="color: yellow;">Target of 1491.25 > + 34.50 pts</span></strong></span><br />
<strong><span style="color: cyan;"></span></strong><br />
<strong><span style="color: cyan;">Next Target : 1494.50 < </span><span style="color: yellow;">Long 1456.50</span></strong><br />
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<span style="color: cyan;"><strong>4:15pm est Update : <span style="color: yellow;">Swing Position Long @ 1456.50</span> </strong></span><br />
<strong><span style="color: cyan;"></span></strong><br />
<span style="color: cyan;"><strong>The next target was hit for another + 33.50 pts of profits booked. Both the monthly 2008 High and the Daily Fib Ext of - 23.6 % at 1482.75 and 1488 were acheived as forecasted on Jan 17 at 4:25pm > > "<span style="color: yellow;"> .... "</span></strong></span><span style="color: black;"><strong><span style="color: yellow;"><span style="color: yellow;">1482</span>.75 was</span><span style="color: yellow;"> the Monthly High in Jan 2008</span></strong> </span><span style="color: yellow;"><strong>and 1488 is a Fib Ext. of - 23.6% "</strong></span><br />
<strong><span style="color: yellow;"></span></strong><br />
<strong><span style="color: cyan;">The next target remains at 1494.50 only 4 1/2 points away !</span></strong><br />
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<strong><span style="color: cyan;"></span></strong><br />
<span style="color: cyan;"><strong>3:55pm est > Good, <span style="color: yellow;">Mr Anonymous from Bramptom, Ontario, Canada</span> < uuuurr must be cold up there, dude ! finally replied, but he did not take the trade when it was posted on Jan 13 and did not take the Short trade posted <span style="color: yellow;">before the market open on Monday night January 21st</span>. Hey, any good skiing up there ? keep it warm up there.Thanks for the reply. </strong></span><br />
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<span style="color: cyan;"><strong>At least people from Canada are polite with a sense of courtesy.</strong></span><br />
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<span style="color: cyan;"><strong>2:36 pm est - Swing Position Update : <span style="color: yellow;">Long @ 1456.50</span></strong></span><br />
<strong><span style="color: cyan;"></span></strong><br />
<strong><span style="color: cyan;">Next target objective has been reached and booked.The total GAIN is now : + 101.75 pts</span></strong><br />
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<strong><span style="color: #999999;">Hope you took the trade there Eddie from San Juan Capitrasno, CA.. Looks like the other followers mentioned below did not take it.</span></strong><br />
<strong><span style="color: cyan;"></span></strong><br />
<strong><span style="color: yellow;">Jaguar Trader</span></strong><br />
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<span style="color: cyan;"><strong>11:06am est > The 1476.25 Key Level held as expected.<span style="color: yellow;">Looks like everyone in StockTwits missed it !</span></strong></span><br />
<strong><span style="color: cyan;"></span></strong><br />
<span style="color: cyan;"><strong> So, visiters from Houston,Tx. ,Brampton, Ontario and Boston did you take advantage of this trade?</strong></span><br />
<span style="color: cyan;"><strong></strong></span><br />
<span style="color: cyan;"><strong>10:28am est > There, next target filled and booked as predicted + 7.25 <span style="color: yellow;">Total Gain : +19.75 pts</span></strong></span><br />
<span style="color: cyan;"><strong></strong></span><br />
<span style="color: cyan;"><strong>9:51am est > Will go to 1476.25 > SHORT @ 1483.75</strong></span><br />
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<span style="color: cyan;">New Short Term Setup</span> > This trade will be executed in a separate account only for Day Trading :<br />
<span style="color: yellow;"><strong></strong></span><br />
<strong><span style="color: yellow;">4:06am est > Next target objective has been hit for + 8.50 pts booked profits > total Gain on this trade : +12.50 pts.</span></strong><br />
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<strong><span style="color: yellow;">11:54 pm + 4 pts profits booked </span></strong><br />
<strong><span style="color: yellow;"></span></strong><br />
<strong><span style="color: yellow;">11:05 pm est : SOLD 1483.75 < multiple contracts or Lot</span></strong><br />
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Trade Setup : MACD Bearish Divergence<br />
R ( 2 ) overbought reading<br />
Swing Oscillator overbought<br />
Long Term Key Resistance Zone<br />
VIX Count<br />
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The next<span style="color: yellow;"><strong> target objective</strong></span> has been achieved and filled at <span style="color: yellow;"><strong>1482.75</strong></span> as forecasted on Thursday , Jan 17 at 9:17am ( read previous posts )<br />
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Today is a Holiday short 2 hour session with very low volume.The range is probabbly no more than 4 pts. in the ES > March 2013 Futures contract.<br />
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<span style="color: yellow;"><strong>Long @ 1456.50 > booked profits + 72.50 pts or $ 3,625.</strong></span><br />
<strong><span style="color: yellow;"></span></strong><br />
<strong><span style="color: cyan;">Stay tune ....</span></strong><br />
<br />TraderTopGunhttp://www.blogger.com/profile/16678008499433182104noreply@blogger.com3tag:blogger.com,1999:blog-8528506860168980502.post-2835145719433293922013-01-20T10:23:00.001-05:002013-01-21T08:51:39.188-05:00Bull Market at a Key Point<div class="separator" style="clear: both; text-align: center;">
<a href="http://2.bp.blogspot.com/-WLn_Cxrxcgk/SymES7xr7hI/AAAAAAAAAjU/PTrb1umVXss/s1600/Winter%25252C_snow.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="248" src="http://2.bp.blogspot.com/-WLn_Cxrxcgk/SymES7xr7hI/AAAAAAAAAjU/PTrb1umVXss/s320/Winter%25252C_snow.jpg" width="320" /></a></div>
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<strong>Expecting a stall at exactly 1482.00 to 1484 that could show sufficient stopping power to terminate the rally. When we get there, we’ll want to tighten up with an impulse leg-based stop-loss</strong> , <strong>Shooting for a <span style="color: cyan;">1470.25</span> long term target.</strong> <br />
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Even for someone who expects the economy to worsen in 2013, as I do, there is no evading the bullish implications of the facts shown in the technical picture. Most immediately, the logic of it suggests we’ll see new all-time highs near <strong><span style="color: cyan;">1553.50</span></strong> in the weeks ahead.<br />
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So what happens now if the futures simply blow past our target? That’s always a possibility, and it would have undeniably bullish implications going forward. But even then, we wouldn’t expect the E-Mini S&P to much exceed 1548.25, a longer-term objective.<br />
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Much as I’d like to say we can go back to being bearish now that we’ve at least considered the bullish case, we are in fact obliged by the evidence to be bullish. If there’s any hope I can hold out to permabears, it is that a high at 1553.50 — representing a headline breakout, by 34 points, above the 2007 top — could in theory set up one of the most enticing bull traps in stock-market history.<br />
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<span style="color: cyan;"><strong>Open Position : Long @ 1456.50 with + 45.50 pts booked on multiple contracts.Shooting for 1494.50 long term target</strong></span><br />
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<strong><span style="color: yellow;">Jaguar Trader</span></strong>TraderTopGunhttp://www.blogger.com/profile/16678008499433182104noreply@blogger.com0tag:blogger.com,1999:blog-8528506860168980502.post-24401371734455522002013-01-18T00:29:00.002-05:002013-01-18T00:49:15.032-05:00Bullish Formations that Many did NOT want to See<div class="separator" style="clear: both; text-align: center;">
<a href="http://3.bp.blogspot.com/-X2ojppVaDrY/UPjZH96SNBI/AAAAAAAAA_o/r9BYutWBQwA/s1600/Daily+ESH13+Bar+Chart+Jan+17+Breakout.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="180" src="http://3.bp.blogspot.com/-X2ojppVaDrY/UPjZH96SNBI/AAAAAAAAA_o/r9BYutWBQwA/s320/Daily+ESH13+Bar+Chart+Jan+17+Breakout.png" width="320" /></a></div>
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Bears, pessimists and novices had another bad day.<br />
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There were many in StockTwits that ignored and failed to see these formations, you know who you are, even when there was a warning posted on this Blog 24 hours before the breakout to new highs.Called it arrogance, ignorance or just plain incompetence and many of them called themselves " Professionals " ! ?<br />
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<span style="color: cyan;"><strong>Another Swing Trade Wins and worth + 21 pts per contract , called ahead of time , executed and booked, and still Open for more profits.</strong></span><br />
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Thank you to the WRONG shorts who continue to play fortune teller. Without your arrogance and predictable behavior this swing trade would not be possible.<br />
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<span style="color: yellow;">Jaguar Trader</span> aka TraderTopGun<br />
<br />TraderTopGunhttp://www.blogger.com/profile/16678008499433182104noreply@blogger.com1