Блог evilspeculator
Is It Summer Already?
Temperatures over here in Spain are slowly crawling higher and the locals are busy preparing for the annual onslaught of UV deprived Northern Europeans (and a few Americans as well). Down here at the lair air massive air conditioning units are running in overdrive as my charting/reasoning abilities degrade inversely with every degree Celsius higher on the scale. There has been very little activity here yesterday and the tape did its best to keep everyone bothering to pay attention bored to tears…
Time To Strike The Iron
We are at an important inflection point this morning and it's time to strike the iron as it's hot hot hot! I'm running a bit late today so I only have time to report on equities - but it's a very good one, so pay attention:
This is what's working in our favor right now - the GBP/JPY is still looking divergent or at least unsupportive. Could change quickly but there are no guarantees in the trading game. So let's look at the price action on the futures side:
This is a textbook RTV-S configuration…
This is what's working in our favor right now - the GBP/JPY is still looking divergent or at least unsupportive. Could change quickly but there are no guarantees in the trading game. So let's look at the price action on the futures side:
This is a textbook RTV-S configuration…
Don't Ever Chase The Tape
Boring markets usually lull hapless victims into a sense of safety and complacency. I see it here in the comment section all the time - time and over again retail is looking for 'action' and perhaps a bit of drama instead of leveraging the market cycles I described yesterday. Case in point is today's whipsaw move on the spoos:
Our Zero indicator provides an excellent way to visualize/understand what has been happening over the past few days. Make no mistake - strong hands got positioned a long l…
Our Zero indicator provides an excellent way to visualize/understand what has been happening over the past few days. Make no mistake - strong hands got positioned a long l…
Volatility Cycles
Some of you eager beavers have to start wrapping your mind around the concept of markets moving in volatility cycles. Just like it is a common observation in natural systems (i.e. water, sound, electromagnetic) imagine a sinusoid wave that oscillates in repeating cycles. A few days ago I wrote an indicator that visualizes the idea very nicely - I call it ATRIP as it's a hacked version of average true range:
What is important to understand is that these cycles are a natural aspect of all basic ma…
What is important to understand is that these cycles are a natural aspect of all basic ma…
Monday Morning Briefing
Welcome to our morning briefing. Here we are reviewing short term setups ahead of the NYSE opening bell. If you are a scalper or swing trader then these setups may be of interest to you. As usual keep in mind that these are short term setups although they could be used as early entries for more longer term positions.
It's officially summer now and quite out of season things are heating up across the front. Damn it - shouldn't you guys be at the beach by now? Here's the spoos plotting against the…
It's officially summer now and quite out of season things are heating up across the front. Damn it - shouldn't you guys be at the beach by now? Here's the spoos plotting against the…