Wednesday’s Trading
So-so day for me. 4 wins and 1 loss, so I’m pretty happy, but I missed the one good chance I had to make a lot of money.
So-so day for me. 4 wins and 1 loss, so I’m pretty happy, but I missed the one good chance I had to make a lot of money.
On my setup, despite all the chop, there were two big opportunities today. And, I wasn’t at my desk for either of them. Damn! I did pick up some crumbs here and there, for 1.5pts. I had no losses today, so it was just 3 tiny wins and 1 b/e.
They took a loss on a box play today in the eotpro.com live room this morning. I always feel terrible when that happens! Sorry! But it was some horrible sideways broadening chop action. I made a video about it to keep from falling asleep.
I wrote an article about the Box Play. It’s long-winded, but whatever. Decided to go for .pdf rather than make a long post here.
Box Play Manual
I had a pretty good day in futures, except for my EMD plays (3 stops in EMD, ouch!). I made winning trades on YM and ES, but not enough to finish positive for the day. Oh well… I don’t think they were too interesting or educational, so I thought I’d have more [...]
I was flipping through the June issue of TAoS&C at Borders tonight, and there’s an article about rectangle patterns. These are the daily chart equivalent of the box play. In it, a formula is given for selecting a price target. I’ve always just used the box height as the target, but this [...]
As I pointed out on jaiku, a box play was forming on Goodrich Petroleum Corporation (NYSE: GDP) basically all day. It had a decent 20 cent target and healthy volume. If you can forgive one kind of loose touch, it actually had 6 touches to the boundaries before breaking out at the [...]
It was sloooow going today in the markets. At least, from my vantage point, anyway. The only thing I could find that seemed to have any force behind it was Seagate Technology (NYSE: STX). So, I traded it twice!
This is one of those rare days where I manage to trade both long [...]
Yawn. Man, what a lackluster trading day. As the goddess pointed out, there really wasn’t a lot going on this morning. Right now, it looks like QQQQ is going to end the day with something like 70% of its normal volume.
Anyway, the only thing I really saw worth watching was SLB, but [...]