Recent content by MPK

Does anybody remember SusanaDT forum? "It's very simple and don't let anyone tell you differently. Support is always support until it becomes resistance. Resistance is always resistance until it becomes support. The rest is highs and lows." Waited over 2hrs for this trade to play out.

Nice chart on 11-28-14 your entries and exits make sense. The shorting of the break down of the H&S pattern and the buying of the 2nd leg of the double bottom.

I live in Oklahoma City and have a source from Continental Resources that told me OPEC is squeezing out the small players that specialize in the fracking industry. OPEC can go 30-45 months with being $30-$45 dollar oil per barrel. http://ecowatch.com/2014/11/27/opec-crash-fracking-industry/

3-16-11:p

3-15-11:D

3-14-11 :)

Matcha All I would like to say about trading ES is that it's notorious for pullbacks but they are clean and crisp. Here are some 5min chart examples.

27.50 was rejected pretty hard on high volume, plus Uvol/Dvol is still almost 3:1. Also 27.50 was the exact 62% from yest. low to today's high. Also minor support with mid-swing point on 2-15 double bottom.

http://www.cmegroup.com/trading/equity-index/us-index/e-mini-sandp500_contract_specifications.html

Hi Matcha Big fan of your journal great trading today I see so much improvement in your trading decisions. Keep it up!

I didn't trade very good today but I've noticed this in the past that we can expect one good move in the morning and that's it for the rest of the day, the day before non-farm payrolls. I was looking at my big picture chart which BTW is to long side only and I found something interesting. So...

We're heading into the holiday season look at the 2009 ES charts at this time, ranges were small (10000 vol chart). It will pick up in mid January this is normal and the last week of the year is horrible trading.

Trade what you see don't try to out think the markets. Longs were the call all day. Could never get a good pullback for my taste. Included chart.

Goldman Sachs Sees S&P 500 Rising to 1,450 Through December 2011 Goldman can suck it! Along with Warren Buffett. Here's my weekly chart. If can bust through 1229-30 area with conviction it can get there for sure.

800 volume chart