Search results

More Retest Failure Trades My constant reference to RTF's (retest failure trades) in the ES may seem a bit repetitive, but this is an extremely powerful trade that is suitable for both trending and responsive markets. The attached chart identifies four RTF trade opportunities form Monday...

Retest Failure Trades on 3/20 Here are more retest failure trades, from Friday, 3/20. The same trade guidelines apply: 1. At least 3 bars in between retests. 2. White space must be apparent. 3. Enter when, in your judgement, the retest has failed. I like to see a bar close on it's...

Charles Cochran's Comments for Friday 3/20 F2 Comments: The market tried to rally as per that analysis but failed at 130-08/12, resistance held. The market held its early gains through C period and then the end of the week began to take over the market. The lower the market went the greater...

Pause and Consolidation Today F2 Comments: Today’s market paused/consolidated Wednesday’s explosive rally after the FOMC announcement. Pause days are to be expected. Then they are usually followed by a retracement of the move until new buyers/sellers re-enter the market. No news to...

Retest - Failure Trades on 3/18 The attached chart shows three retest - failure trades from Wednesday 3/18. I think the ES is a very difficult market to trade due to the volatility. But if you're patient, these retest failure trades occur daily. The first trade, on this 3 minute chart...

FOMC Announcement Moves the Market Big Time F2 Comments: the market opened soft and did try to break the OVN session’s low. Support held and the market began its rally that didn’t stop until 125-12 was hit. The market then went on hold until the FOMC announcement. The trial balloons that...

Expect More Selling on Wednesday F2 Comments: the market tried to trade higher and did as long as the ES was selling. When the selling was over in the ES, the buying was over in the financials. The market compressed and coiled and finally began to sell in F period. This selling was present...

Early Selling Then Consolidation F2 Comments: The market opened soft and quickly sold hitting 124-09 before the selling was over. Support level # 4 held and the market rallied and did hit our recommended sell zone at 125-07/11 w/a day session high of 125-13. The rest of the day was a...

ES Still Controlling the Bond F2 Comments: It was a trading range day w/both support and resistance tested intraday. The close was a bit weak. If the ES can hold its gains, the Bond is pointed lower. Some news to drive Monday’s trading: NY Empire Index is expected at -32.0; Net LT TIC...

Market Trades Higher Even With Negative News F2 Comments: The market did trade higher today even with the early negative news. The market was on hold until the 30Y auction hit the market. The 30Y auction was better than the 10Y’s auction and the market rallied a point and half. The buying...

Prep For 30 Year Auction Today (06:39)_The buying continued after the day session close. Looks like the market will trade higher into the 30Y auction and then we will see if the downtrend resumes or not. My guess is that it will. Some news to get through at 0830 EDT. Once that is past...

Retest Failure Trades One of the mainstay trades of the 3-2-1 Methodology is the Retest Failure trade. The software is designed to alert you to the fact that the market is in a retest through the green dot, if to the tick and when the buying or selling has decreased enough to take the...

Wild Ride in the Bonds F2 Comments: The market sold as per the analysis hitting 124-00 in I period. The auction was at 124-05/06. The quick sell at auction time took the market to 124-00. Support held and the Note/Bond began to recover. When 124-24 came out, it was a straight shot to 126-00...

Prep For 10 Year Note Auction (06:55)_Auction time again today. The when and if the Dealers step in question will be primal in today’s trading. Little in the way to drive the trading. And with tomorrow’s 30Y today’s auction can be pressured too. Not an easy read given the decreases in...

Selling, Selling, Selling F2 Comments: The market sold, has been selling, should continue to sell until the never ending borrowing needs of the Treasury are behind. Today’s selling was exacerbated by today’s rally in the ES. The only thing I can see that could rally the Bonds is this...

Early Sell Worked Nicely Today F2 Comments: The analysis favored the seller today. The specific recommendation was to sell 126-27/31. The day session high was 127-01. The low was 125-15. The profile doesn’t lie. It just takes an unknown amount of time to fulfill its internal structure...

Response to NFP F2 Comments: The market finally rallied after the short covering rally in the ES ended. The news and fundamentals remain supportive. The ever increasing debt is the big negative and has taken the bond lower. If the ES weren’t selling day to day, I think the bond would be...

More Exhaustion Bar Examples The Exhaustion Bar trade is one of our three basic trades taught in the room. The Exhaustion Bar trades come at the end of the move when the last buyer or seller capitulates and are fade trades by definition. 1. The setup is a bar with much more volume...

NFP - Biggest Number of the Month for the Bonds F2 Comments: The market rallied and then some today. It was a strong market to say the least and the close was strong. The market is pointed higher w/some help from tomorrow’s Unemployment news. Tomorrow’s news: NFP is expected at -615...

Market Sells Even After Supportive News on Wednesday F2 Comments: The market sold today even with supportive early news. 123-10 was touched before the selling was over. The market drifted higher off the lows and closed at 123-24 in a “b” pattern. This pattern favors lower prices and/or a...