Is anybody watching my levels??? Keep an eye out and get in the chatbox too.

Posted by MC on Sep 11, 2008


Here’s how the levels played out today. I gave added levels (red & green lines) in the chatbox as well. The levels given worked all day long, including pegging both the bottom and the big down move prior to the EOD explosion. Again the white dots were rock solid signals and the red dots worked depending on your trading plan. The red oval was a great level if you’re a pure scalper, you got to dip in over and over. As you can see these work in chop or trending days making them very noteworthy!

Levels for tomorrow coming later…


How did my daily key levels do from last night?

Posted by MC on Sep 9, 2008

How did my levels do from last night?


The white dots are where the levels worked on the button. The 2 red dots are not on the dot but provided a divergence trade if that’s in your repertoire.


One could argue that the 5 minute cleans things up a bit and lets the candles form. Trade whatever timeframe fits your trading style but I would suggest marking these levels on your charts.

I’ve not cut these posts off from the general population yet but as soon as I’m healed enough to be consistent on posting I’ll shut this down except for those that are posting valuable content or that have paid the $5 monthly donation. These aren’t magic but they have proven themselves to me time and time again. If you have the right discipline and have created a setup off these levels you have plenty accuracy to be net profitable.

Daily Key Levels For Sept. 10th 2008
-YM-
High = 11,484
POC= 11,418
Low = 11,301
-ES-
High = 1258.25
POC = 1249.25
Low = 1230.00


Dollar strength

Posted by Cire2222 on Jun 23, 2008

Dollar Strength

   I have been posting multiple charts on shorting the Euro, I have been looking for a reverse ‘W’ formation to be confirmed and we almost has it today but the close just was not low enough. I am still bearish on the Euro and can’t wait to see what happens the rest of this week with the FOMC so soon.  Gold also took a big hit today as the dollar gained strength, if the dollar can stay strong I expect much downside in both the Euro and Gold.  Below you can see a couple charts on Euro and Gold.

EUR/USD

gold


Reverse ‘W’ on Euro

Posted by Cire2222 on Jun 19, 2008

Reverse ‘W’ on Euro?

A couple days ago we completed we we call the ‘W’ formation breakout on the USD/JPY pair.  you can see the final chart and post on that here http://tradersbase.com/tb-trade-review/w-formation-with-fibs/index.html   Now I see a possible reverse ‘W’ formation in the EUR/USD pair so keep an eye out on this pair.  I think the swing low support will be broker if we go test it again.

EUR/USD


Down with the Euro?

Posted by Cire2222 on Jun 16, 2008

DOWN WITH THE EURO?

I’m looking for another down move in the EURO and i think we are starting to get a decent shorting op here.  The Euro has tested these recent lows 3 times now. It is rare to see a triple bottom, the move tends to go with the third test. With that in mind I am looking to start picking away at a short position, I expect a break of those lows and have target right infront of the fib projections, see chart below.



time to get long?

Posted by Cire2222 on Jun 10, 2008

Well the Key pivot play did not trigger today and that play is off for now. I do now have a bullish stance going into the next couple days. The chart below shows a bullish divergence with the 7 period RSI. If we can break todays highs I expect us to head right up to the 38.2% fib as shorts get squeezed, I think the dollar can continue to rally helping give oil the much needed push lower.


So close to a Key Pivot on S&P

Posted by Cire2222 on May 19, 2008

Okay, today was a wild day no doubt.  The S&P was just a couple ticks from the trigger for a key pivot play. However it did NOT give us a set up so I won’t start the S&P portfolio.  The set up is ready in the nasdaq market. I will not track the nasdaq market and don’t plan on using this set up on the nas but I thought it would be fun to set up a play since the s&p got so close to a set-up.  So in the Nasdaq futures This is the play I want to set up for tomorrow:

Entry trigger - Short on a move to 2008.00
Stop Loss- 2055.00
First target - 1975
second target - Open


5/12/08 Review and trade set-up video

Posted by Cire2222 on May 12, 2008

This is the first attempt at hosting a video direct to our server and not from youtube, so let me know if you guys have problems. You will need to be able to view flash media.

http://tradersbase.com/tbvideos/cire2222/512blog.swf


The search for an oil top

Posted by Cire2222 on May 10, 2008

We were able to catch a top in gold, a top in the Euro and the last attempt for a top in oil failed ( I thought they would move together)  So now here I am looking for a top in oil again.  I would wait for confirmation before making a move but here is a thought on Oil. The EUR/USD hit a consolidation phase, broke out and ran hard to the 261.8 Fib extension with once sharp quick pullback reaction on the way up then found a top.  When I Pulled up the USO (oil tracking ETF) I see a similar situation.  See the charts below

click to enlarge
click to enlarge


where is gold?

Posted by Cire2222 on May 8, 2008

Gold is sitting right at it’s downtrend line tonight. If  Gold does break out of the trend line I think there is a good chance it will be a head fake move and  give a good shorting op.