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Sunday, June 21st, 2009
Fridays options expiration was an excellent lesson in using trading signals using MACD.
Early morning Break out of from base lead to highs while MACD diverged lower. Resistence at 923-922 lead to a break of 918 neckline. 918 break lead to a target measured move from the peak to 913. MACD based toward afternoon and short [...]
Monday, June 15th, 2009
Euro futures (e7m9) showing signs of H&S reversal. Pattern also showing up in GLD (ygm9) and as an Inverse H&S in Dollar (uup).
Target of this trade would be the distance from the head to neckline (1.43 to 1.39=400 pips) subtracted from the necline ( so 1.39-400 pips=1.35).
Tuesday, June 2nd, 2009
Hi Traders
This market is strong, but I am always aware it could drop just as quick so always use your stops and risk management. The trade below is on OIH. The first chart shows the Volatility Implied mean and it has come back down not quite as low as a while back but decent
Now lets [...]
Tuesday, June 2nd, 2009
Hi Traders
Well, i will admit both my trades went south in what was my first real loss in a month. I also was traveling and had a lot on my plate so perhaps i did not evaluate the trades as good as i should have. I was filled on the GBPCAD short trade yesterday early [...]
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