Saturday, July 31, 2010
Friday, July 30, 2010
Keltner Channel = Voo Doo
I spent the day with a Keltner Channel Trader today. A relative (by marriage of course) who just had to show me how to get 2 points a day with a 70% win average.
And this is what his two trades looked like.
Trade #1 was a counter-trend short and by-golly he got two points!
Trade #2 was a buy after the trend changed to sell and ended up a scratch.
At the open, while we were getting perfect, cross-confirmed buy signals right out of the gate, he had me trying to load keltner bands on my charts.
I had just resigned myself to wasting the day before he got here so I wasn't stressed. In fact it was almost entertaining.
How many years has he been trading?
Only 12.
VOO DOO!
Thursday, July 29, 2010
Wednesday, July 28, 2010
How I Roll In The Morning
This first group of charts is my observation of the market at 6:30 am.
As you can see we had a top formation before the open.
This next group of charts is how the top formation played out.
