Nothing Like A Friday Sell-off....And Seeing It Coming! Part 3

Warning: Futures trading involves risk. You can lose all of you capital and more. Condult with your financial adviser (that's not me) to determine if trading futures is suitable for you.

Done For The Day? Part 2

At $250 per contract we can take the rest of the day off......

Friday Morning Gift Part 1

Nice sell signal at 8 am. Its now 9am and we're down 4 points fron the signal. Maybe leave early today?

Adjust The Zoom

Going into the close we had a buy signal. It was a shakeout. Meaning that traders with large accounts sold hard then around 1184 they bought hard to trap shorts into panic buying. In a few minutes the market popped up for about 6 points or $300 in profit.

Compare the signals on the different chart intervals at the blue vertical line.

There's always a view that you can use to navigate against the manipulators.

Warning: Futures trading involves risk. You can lose all of your capital and more. Consult with a financial adviser to determine if futures trading is suitable for you.

The Rest of The Story

What caused the market to sell off?
Go look at April 18th's post titled "Was It Goldman?"....spooky huh?

Looking at the 480 minute chart below, we had this perfect set-up for a sell yesterday and today was just a continuation of that signal.

Thirty points. Not bad. Remember we only had a 9 point move down yesterday.

Compare all of the charts and signals. Which ones gave you the best signals?







Looking at all the HMH signals, I'd say we're headed up tomorrow. But we'll know tomorrow.

Warning: Futures trading involves risk. You can lose all of your capital and more. Consult with your financial adviser to determine if futures trading is suitable for you.

SILENCE!

Today was one of those tight squeeze days. Compare the 480 minute chart above to all the others down below. What a difference! I've said it before and I'm sayin' it again... It's all about perspective.

Chop....

Squeeze....

And more chop and squeeze.

Warning: Trading futures involves risk. You can lose all of your capital and more. Consult with your financial adver to determine if futures trading is suitable for you.

Testing, Testing, 1 - 2 - 3

To trade successfully we need to 'see' successfully. Forensic trading is a little like playing a game of perception not unlike these two hidden object photos. Trading can be a lot of fun plus the added incentive to make thousands each day.

POP!

Well we cleared 1210.50 and touched 13.75.

Look at the 15,000 tick above. The last buy signal was a little tricky thanks to the attempted shake-out. So it was most critical to CROSS-CONFIRM with the other tick interval charts.

On the 20,000 tick above we get a perspective on the value of chop and squeeze the two previous days. The action provided us with a firm base of support to push off of.

The 480 minute (8 hours per candle) above gives us a perspective on the last three weeks.

And the 240 minute above gives us a perspective on where we found support to push through the high of 1210 today. Get this... The buy signal for today's break out happenned at yesterday's open!

Warning: Futures trading involves risk. You can lose all of your capital and more. Consult with your financial adviser to determine if futures trading is suitable for you.

No Finish Line Yet

Stocks closed just below the recent resistance/high but they did find support as I determined yesterday. I'm expecting price to push up to and through 1209.5 and 1210.50 in the next session. We should see a pullback and then a buying push.

Warning: Futures trading involves risk. You can lose all of your capital and more. Consult with your financial adviser to determine if futures trading is suitable for you. This enitre blog and it's content are intended for educational and entertainment purposes only and are in no way offered as investment/trading advice.

Looking Ahead

Our 240 minute chart appears to be giving us a set-up to get through the recent high of 1210.50.

In fact today was all about forming a support zone to push off of this week. Let's see if it will hold.

The Waiting Game: Wednesday April 21

We went into the open with sell signals all over the place.

We had two good bounces that I'm sure betrayed, robbed and confused most traders.

But we had a secret weapon to remind us that the market would continue down... the LML formations in the FRO.

So by cross-confirming we were able to take profits on shorts and get back in again on the next sell signal.

We also had a sturdy trendline that gave us an upper boundry for the pop-ups.

It was a good place to get short all day.

Tomorrow we should be back to normal with economic reports resumming.

Warning: Futures trading involves risk of loss of margin capital and more. Consult with your financial adviser to determine if trading futures is suitable for you.