bears pour it on
Posted by Cire2222 on Jul 24, 2008
Wow, what a bloody day in the markets. We opened flat and fell all day with no signs of buying. The only bullish note I can find today is the lighter volume but I won’t read too deep in to that tid bit. The dollar remains strong and I really think this could be the start of a huge move uo in the dollar, keep your eyes on it. As for tomorrow, I expect a bounce in oil and a pullback in the dollar. The stock market should show somewhat of a follow through of today down move in early trading. This is going to continue to be a wild market so stay nimble!
On another note, there is a key pivot set up in gold tomorrow however I do not want to take this trade nor make it part of the mock portfolio due to the risk reward. After my analysis of the trade I found that I can’t expect much upside in the trade and it is not worth the risk. However for those of you who would like to take the risk on this play get long on a move to 931.50 I would expect not much more than a $5 move up from there as a target so place your exit at around 935-937. Place your stop @ 919. This risk/reward to this is not in favor enough to take the trade but I still feel this is a high probability play that can help you grab a quick $500 per contract.
Key pivot update
Posted by Cire2222 on Jul 9, 2008
Today we were stopped out on the last Gold contract of our key pivot short to complete the trade. The final result of the trade was a gain of $1100. So far the first 3 gold key pivot trades have gained a total of $7,200. For a table of prior trades, current trades and results please see the ‘Trade rsults’ link at the top of the page that brings you yo this link http://tradersbase.com/test
Key pivot update
Posted by Cire2222 on Jul 7, 2008
The gold key pivot trade already hit the first target of 917. I was wot now move the stop down to 938. Now the worst we can do is walk away with a $100 gain to cover costs. The second target is still open, we are on a ride for free.
Key Pivot play’s
Posted by Cire2222 on Jun 23, 2008
A couple of you have been asking me for the next key pivot play. I know there has not been one for a couple weeks but we must be patient and not force plays. Gold was so close to a key pivot set up today but fell to fast in one day for a low risk Key pivot play. Good news is, We may have a set up in the S&P soon depending on how the market trades tomorrow.
There is a Key pivot entry set up in the EUR/USD forex pair, for the entry see the chart on my last blog post below, it is a break of todays lows (1.5468) this must happen Tuesday for the trigger to be valid. I will not be playing it in typical Key pivot play fashion as I am already short based on some other set ups I have posted in the blog about. 1.5220 is a solid target on this play, 1.5120 for a more aggressive trader. I will not be tracking the Euro play in the Track record section.
Key pivot trade is off
Posted by Cire2222 on Jun 10, 2008
Take off your orders for the Key pivot play in the S&P futures play. The market traded below what would of been our stop before hitting our entry trigger so all orders are off and the trade is no longer set up. I will keep you posted on the next trade.
Cire Key pivot play (stock index)
Posted by Cire2222 on Jun 9, 2008
Okay, today’s action set up a key pivot play in the S&P futures. The trigger for the entry will be to get long on a move to 1373.50 in the S&P mini SEPTEMBER contract. make sure to note this is the september contract not the june. The reason we want the september contract is because the index futures will rollover on the 12th. So we must hit 1373.50 tomorrow, if it’s not hit tomorrow then the trade is off. So the set up looks like this:
/ESU8
Entry trigger Long - 1373.50 (must happen on 6/10/08)
Target 1 - 1384.00
Target 2 - open
Stop Loss - 1352.25
NQ and Gold key pivot play updates
Posted by MC on May 27, 2008
Cire is out and about so I’m gonna run a quick update for him.
On the NQ play, we’re moving the remaining stop to 1 tick above high of today.
Remember this is a free trade so if you’re stop’s in you can’t screw it up period. 
Gold as you know was almost stopped out, but thanks to Cires laser guided stop you made $. Target 1 was hit, we’re leaving the stop on the 2nd half where it is until further notice.
Cire’s key pivot play’s update
Posted by Cire2222 on May 27, 2008
After this mornings pre-market movement I want to update you on both of the open Key pivot plays. The Nasdaq futures play still has the second contract open. I want to move the stop to our entry @ 2008 and let the second contract ride for free, After today the stop may move down to lock in more profit but for now I feel its best to attempt to catch a bigger move.
In our gold trade we came about $5 from getting stopped out, then gold reversed and came down this morning to hit our first target of 909.00, doesn’t that feel great? The stop remains in place, I will update you on any changes.
Gold key pivot play #2
Posted by Cire2222 on May 22, 2008
We got another key pivot play in gold. Act fast because we are trading right near the trigger. The trigger is at 917.00 right now we are 917.50. If you can get in at a better price go for it! I am keeping the first target really tight because of bullish signals in Euro and the monster rally in Oil.
Entry: 617.00
stop: 936.00
1st target: 909.00
2nd target: open
NQ key pivot play update
Posted by MC on May 21, 2008
Cire is out celebrating the kill from his call in TB chat shorting the market 
So I’ll relay a quick message. On the NQ key pivot play the first target was hit.
Keep the stop where it is on second contract until further notice.
Great stuff coming from the TB camp, keep up the kick ass work guys.
