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  1. J

    The no BS, obfuscation-free price action thread

    Another perspective: an apparent head and shoulders pattern.
  2. J

    The no BS, obfuscation-free price action thread

    Rising wedge that leads to next leg down?
  3. J

    The no BS, obfuscation-free price action thread

    So are you saying that price action alone is not sufficient for consistency and profitability, or that a simplistic version of price action analysis isn't sufficient?
  4. J

    The no BS, obfuscation-free price action thread

    Okay, so how did you predict that eight point rally? Were there objective conditions you saw that made it a high probability occurrence? If so, what were they?
  5. J

    Today will be the Beginning of one of the massive bubble corrections in..............

    Here's another view of things. I've been using a chart of the daily ES, and I have a channel that goes back to November. There were two small pokes above the channel on Monday and Tuesday, and today we had a larger move above it that might be called a channel overshoot, which is a reversal...
  6. J

    Today will be the Beginning of one of the massive bubble corrections in..............

    Here is a 5 minute comparison chart of RUT vs SPX. Notice that yesterday SPX made new highs but that RUT didn't. Also, RUT had a slight negative close, whereas SPX closed up a few points. CORRECTION: RUT did not have a slight negative close. It's close was positive, but smaller...
  7. J

    ES Journal - 2013

    WASHINGTON (MarketWatch) - While there was no consensus among Federal Reserve officials on when the central bank could begin to slow down asset purchases, a "number" of central bank officials were willing to taper as soon as their next meeting in June, according to the minutes of their April...
  8. J

    ES Journal - 2013

    Update on UVOL/DVOL.
  9. J

    ES Journal - 2013

    Here's my UVOL DVOL comparison chart.
  10. J

    So what will send this rally over the cliff?

    This morning's ISEE equity readings: 9:50 231 10:10 313 10:30 295
  11. J

    ES Journal - 2013

    Looks like a short term blow off top.
  12. J

    The no BS, obfuscation-free price action thread

    Here's my chart for today. The red upward sloping trendline is the top of a channel that began last year. Yesterday in the ES journal I posted a daily chart showing this: http://www.elitetrader.com/vb/attachment.php?s=&postid=3805283
  13. J

    How to start learning about trading?

    You can open up a free demo account with thinkorswim that gives you access to live equities, options, futures, and forex data, and also thinkorswim's desktop application which has very nice charting and analysis tools.
  14. J

    NBG- This makes no sense...

    I think $5.50 is the strike price. A right, from what I understand, is similar to a call. http://wps.aw.com/aw_gitman_fundinv_10/60/15414/3946098.cw/content/index.html
  15. J

    NBG- This makes no sense...

    From the way this is worded, it looks like NBG is selling rights, not just outright issuing shares. The difference in value would be priced into the right.
  16. J

    ES Journal - 2013

    5 min chart. The top channel line looks like resistance.
  17. J

    what financial instrument should a newbie start with?

    You can open an account at OptionsHouse with just $1,000, and their commission for stocks is $3.95, flat rate. http://www.optionshouse.com/faq/funding/is-there-a-minimum-funding-level/ http://www.optionshouse.com/rates/ If you hold positions for several days or weeks, commissions...
  18. J

    The Geniousness of Paul Tudor Jones

    I believe you're referring to this: http://www.youtube.com/watch?v=dWbl9TbAZHg#t=15m40s It's early Sunday evening and he's selling Deutsche Marks because he's betting the dollar is going up. The dealer he's speaking with is in New Zealand. The time frame for the trade appears to be at...
  19. J

    ES Journal - 2013

    We're near the top of a long channel on the daily chart.
  20. J

    The Geniousness of Paul Tudor Jones

    You forgot to capitalize 'we'. https://en.wikipedia.org/wiki/Capitalization_in_English
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