Blog and Rants

Long position of ES was established when it pulled back to 20-EMA. I did not take profit when it hit last swing high (It was 1-R gain at this point of time), and it was Pivot R1 level as well. Instead, I moved my stop to break even which was below 5-EMA. I am thinking […]

This is 5-min chart of YM. YM started the day with a gap up and pulled back to 5-EMA. A nice dummy spot. Uptrend. Long above high of 4th narrow range candle, which was also supported by 5-EMA. Target at Fib extension 100%. (It hit 168.1% at close) [photopress:YM_LBR_got_away.jpg,full,pp_image]

Ok, a coward can’t make big money. Mistake of the day was not taking position of YM and ES in the first 30 min. I was not confident enough. Here is a trade with second setup found in ES. I scratched the trade with 0.32-R gain. ES was hanging at 61.8 Fib level and it […]

Go check out My Money Blog. Interesting entry, I got from Eyal and Maoxian’s blogs. My Money blog caught my attention some time ago. And, in fact, it inspires me to start a blog to write about money and wealth growing since I am below 30, not cash rich and I am definitely not from […]

Quick view of cash indices. No prediction, but it does look a bit tired, ya? Dow [photopress:1Dow_cash_1.jpg,full,pp_image] [photopress:1Dow_cash_RSI_MACD_1.jpg,full,pp_image] S&P 500 Index [photopress:1SP_cash.jpg,full,pp_image] [photopress:1SP_RSI_MACD.jpg,full,pp_image]    

It was another choppy day. I was looking at 5-min charts of YM and NQ for possible scalp opportunity (Since? I did not see any interesting opportunity in 15-min chart). Trying same setup in different time frame. Here is a trade that got away. YM Entry below the low of 19th narrow range candle. It […]