June 5, 2006: TD (Down)

Ok so the market went down, big deal. Today's observation is on the 3 short setups. The 1st entry happened when Vold was still in the zone so this means quicker profits. 2nd entry when it tagged the underside of the zone which means 'wait a little longer on taking profits'. 3rd entry is the ideal one since Vold and the Adds are completely out of the zone - translation: sit tight and enjoy the ride!

How about the very reliable pattern on ES?? I drew the inverse pattern to show the bullish side as well. The bullish one took place few days ago.


Ok, same old story. Everything is moving in unison. This is getting to be boring (hehe..). 1.30 level on Euro is the 'level' to beat. The pattern is still bullish unless 1.27 is taken out. If that happens it'll be a straight flush down to 1.22-23 area and a major dbl. top will be in place. 

June 2, 2006: Cnsld

The market didn't do much today other than consolidate at top of range.


Euro and currencies in bullish patterns on higher tfs.

This is the chart I'd follow if trading Euro & other correlated currencies. The bullish consolidation awaiting b/o past 1.30 level. Wow!! 

June 1, 2006: TD(UP)

I don't know what to say to those who can't trade TDs successfully. TDs are the easiest days to trade w/size as well. The probabilities are stacked in the trader's favor. Look at curved cnsld on AB - as perfect as it gets! Eyes have to be trained on recognizing these simple patterns.

Look at how the N pattern resolved to the downside in Globex - very bullish, especially that BKX held 108 and rallied at the open above ma. This is a bullish sign for an upday. Happened many times before.

Time for a pullback and time for me to take a nice break till October. I think I'm done for this part of the year. Done very well and need to spend some time resting and planning for summer vacation.


Look at how currencies & metals correlate! Ditto for Crude oil. Now I can see some stuff on this bunch of markets that make sense and add a nice edge. How about that counter move at 8-10am? So it seems that the US traders are taking profits from earlier parts of Globex & Euro sessions. Something to keep an eye on.

Take a look at the waterfall on Gold - again eyes need to be trained cuz these patters are very reliable. That's what's called pure market action and it adds a lot to a trader's bottomline. I love it!!