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I'm long on the retest. But be very careful all markets are right at a serious upper channel line. The day may turn into an aggressive selling day.

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Here a classic example why rates are so so important you would have known to be only bullish on this chart setup. By using this filter you would have avoided a bad trade. Here is a classic break of a decent base and then a retest. They trapped the bears nicely on this one. Break out point is...

People seem to have some interest in the analysis of interest rates. I will talk a little about my methods with this. Just because rates went up on the day it doesn't mean I can't be bullish or vice versa. I'm mostly looking for price rejection. To be bullish I want prices to reject higher...

I'm going to post an excerpt from a trading book that I think can help a lot of people. Its from the book Long Term Secrets to Short Term Trading by Larry Williams. I don't think the book is all that great. He doesn't really offer any new original content. On the plus side he does reinforce the...

Enter on limit when price hits the horizontal line I drew. 1. Break of key swing on volume 2. Retest to breakout point on low volume (enter on limit) You must give benefit of the doubt to the most recent break. And then really watch your volumes at the point of the previous break out...

Some people will probably think I'm a real nut job for this post. I agree I probably am. I've been trading to long. In my opinion I think this is the key to success a Winning attitude. You can read all the books that exist on MACD, RSI, bollinger bands, 3/3 DMA, fib numbers, 200 sma, 20 ema, or...

I'm happy to answer any questions that arise and a few have come up so I shall answer them directly. The tighter stop I use is really quite simple and is systematic so its always the same. Here it is nothing special. The other side of the swing point will be broken by 10 pts or more. In the...

My working philosophy on the markets are as follows. Trade one market and trade it well. I only trade the YM contract. Don't high frequency day trade if you can't constantly buy on the bid and sell on the ask. If you are not on the floor it very difficult to do this. With that being said it...

I'm going to divide my journal into two threads. As I have stated before I really don't like useless information. I'm a firm believer in less is more. If it doesn't help its actually hindering not neutral. I was critical of E.T. for this reason and now my own journal has definitely become a...

Its defined by price spread on the break, volume on the break, retest with anemic volume, and favorable rate situation. If you try to base it on how much time it was in the base you, how tight was the base you will struggle in my opinion.

hey bearbelly. I have just noticed I have missed one of your questions earlier today. I'm looking on the 5yr,10yr,and 30yr rate indexes that is disseminated by cboe. I also watch the 10 yr future traded on cbot. They all are almost the same though just small differences in the personality of...

If your talking about stoxx and buying on the breakout. There are a few major problems with that system. On this break you would of had terrible slippage. That was an instantaneous move. hence the gaps in aex and n100. Markets love to retest the breakout point. you would be major underwater just...

It broke topside 507.2 on that huge gap and came back to test that level of 507.2 then found support right in that range. that was the buy on the retest. And look how stoxx50 was different than the other two charts I posted

on the n100 you broke the swing (1-2-3 setup) at 991.5 I would be looking for the retest to 991.5 for a long Aex broke the swing at 507.2 and retested, then surged

I'm not sure why the dax is so hard. It has a very erratic attitude and it seems that they really run the stops on that market.

have a look at euronext 100. never even came close to retest the breakout number 2

thats most of the time true but many times certain euro indexes have and mind of their own. I personally despise the DAX its a very very difficult index to trade. But the CAC, AEX and Stoxx 50 have much better and kind attitude. I personally like the AEX. If you look on this chart I attached the...

Hey, bid ask When you say Euro marekts which one are you looking at Stoxx50, Dax, CAC, AEX, or MIB

Just wondering if any one ever uses the Nikkei to anticipate the open in the U.S.? When I look at my Nikkei charts it appears if you used the Nikkei you could of got the open in the US this week everyday so far. I've been fiddeling with this system for over a year. Some how every time I...