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The reasons for NG putting in its big rally today. *Today it tested its 2016 low of 1.611, the day low was printed at 1.610. * 1.6xx is multi decade price support. * All that $ leaving oil has to go somewhere. The flight into value, it had been a real dog for a long time. My resting buy order...

Markets are very predictable. All excesses regress to the mean, but before the regress to the mean it reverts to the other excess. The excess is driven by accounting as it always is. The pendulum swings back & forth. Financial markets do not follow a bell curve. Instead, they operate in...

While the sell off was faster than those in the past, it is not unexpected with the sharp rise in program trading. Bull markets routinely bounce back to make dazzling new highs after corrections of 10-20%. Each time when in a deep correction the bewildered herd becomes bearish. The herd is...

Fed has lost any sense of ethics - they are extremely out of bounds panicking when there bubbles are not making new highs. This will end very badly! This one will go down in the books as the Fed spiking the punch bowl, drinking all of it - and carrying on like drunken penny stock pump & dumpers.

The talking heads always try to link the current headline news to the big market moves. The market advanced during WW1&2 and the Korean war - it was flat during the Vietnam war. What matters is not so much the news headlines - but how the market reacts.

I could care less about cheap stocks - they are cheap for a reason. I like to buy stocks making a 13 or 52 week high with an increase in volume. The stocks that held up the best should be the leaders during the next big rally.

Slicing the NQ orders under 5-6 cars you have little effect on the market. Here is a break down based on CME data over the last quarter on the relation to size & effect(cost in ticks) on the market. 5 cars 1.3 ticks 10 cars 1.6 ticks 15 cars 1.85 ticks 20 cars 2.1 ticks 30 cars...

Word on the street is the Fed most likely had their last big horah in saving the market, they have lost control & any further actions to prop it up has far more long term risk than short term reward. Markets bottom in stages, every one is different, each one depends on the financials to put in...

The rotation out of the indexes prior to & through this sell off has been mainly to the treasuries and some into the Swiss Franc. There is a reason why professional traders watch the 10 year like a hawk.

I had been using that trend line for taking swing trades - the Euro session fizzled out, so much for a bounce off it but nice try. Lets see if the lower trend line holds - only time will tell.

Good idea to use a volatility based positions sizing strategy. The indexes have been making price moves close to 4 times their long term avg!

The FTT has been tried before & failed miserably.

I had been looking at this on Friday. It had a rocket launching pad chart pattern. This company also caters to researchers - there may still a lot of upside since NASA's glory days are long gone, only time will tell.

While it may be a good idea for newer traders to keep their risk fixed, many of the best traders vary their bet sizes even though they typically have defined risk rules & still probably risk less on avg than those that have a fixed bet size. * Most retail traders take symmetrical R:R(risk $1 to...

Here you go - this excerpt is from a web site. Just keep in mind we are at our worst in draw downs, it's a good idea to get more defensive. Don't get taken in by the gamblers fallacy, that a string of losers is a sign that your due to have a string of winners - it does not work like that. Ed...

One trade a day can certainly do the job. The longer I have traded the more I realize how less is more. Your not going to over trade, are likely to be able to sustain the right mind set There are plenty of traders doing very well year over year that place 3-6 trades each week on avg, & some...

Bent crude on ICE(IPE) ticker is COIL https://www1.interactivebrokers.com/en/index.php?f=1563&p=europe_fut

The symbol on IB for Brent crude oil is BZ (NYMEX)

Take a look at the Tradestation & Think or Swim chart - price did not pierce the prior reaction high at 162 20/32 like it did on your chart. I would take this up with your broker and ask them to negate your stop out. Good luck. Tradestation Think or Swim

The Fed has lost any sense of ethics since the days of Volcker. Their actions create bigger & bigger bubbles which transfers more more wealth from the 99% to the 1%. The Fed is often compared to an active Heroin addict, I think the junky has more common sense. They are clueless ego maniacs...