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!!