Still Squeezing

Even though today was not a spectacular trading day, there was still some good meat to eat.

I want to point out the typical advance warning the FRO gives you before a pivot takes shape.

On the 3000 tick above we had a 30 minute warning. OK, try sitting quietly for 30 minutes without falling asleep, turning on the TV, picking up a book, going to the bathroom or whatever. Thirty minutes is a lot of time to know what is going to happen next. That's more notice than my bladder gives me!

Next question; Is $500, $5,000, $50,000 or $500,000 in an hour a lot of money to make (in your bathrobe)?

Looking at the 240 Minute above it looks like we are going to breakout to the upside and have our Santa Claus rally. I said that for the worry warts who just have to know. Like I always say, We will know what to do when tomorrow comes.

A different perspective on the 12,000 tick chart above reveals that today was a sideways day. The spring is winding tighter. This sideways price action will give us a nice profitable pop.

And finally the answers to Friday's quiz question. Once again the FRO gave us hours of advance warning that price would go higher in answer #1.

Answer #2 is the classic buy signal at 9:30 am. It's that simple. Advanced warning and the exact execution point.

WARNING: Trading futures is extremely risky. You can lose all of your money doing it. In fact you should never attempt to trade futures without consulting your Federally licensed, government approved, financial consultant to see if trading futures is suitable for you. The information posted on this blog is strictly for entertainment and informational purposes only. Do not attempt this on your own.