Monthly Archives: September 2011

The Magical 76.4 Fibonacci Retracement Level

Germany has basically decided to save Greece and own all of Europe.  The market had a huge green gap and at the peak SPY was up as much as 2.88% with the Dow up over 300 points.  I began to … Continue reading

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Jinx Isn’t Exclusively Mine

I know it’s probably more wide spread than I know it, that jinx plagues on other traders, too.  It’s just that I don’t get to read them.  Today TheFly documented his and vented his anger on his blog. (Caution: rated … Continue reading

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Target Fell Short

This is today’s daily chart shortly after the open. I’m blogging now partly as a way to sit on my hands before my liquidating get out of control.  At the top of this rebound where the 50 EMA was tested … Continue reading

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Nothing Would Work All The Time But…

OK, so I just gave myself some liberty to day-trade as of yesterday.  This morning I tried a few things that I preached and that worked before.  Of course, nothing would work all the time.  That’s why money management a … Continue reading

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Constant Struggle, and the Plan

Today the market rocketed higher because the policy makers assured that Greece will be spared from default.  It really doesn’t matter what the news is, if the market wants to go up, it will find a news to go up. … Continue reading

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Bull vs. Bear

The longer term trend is down, the shorter term trend is down up (sorry typo).  We’re in a presumed bear flag within a confirmed bear market.  As such I am trying hard not to swing against the primary trend, even … Continue reading

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The First Reversal During the First Hour

I think I probably first learned about this setup from Al Brooks — the first reversal during the first hour of trading.   In other words, during the first hour of trading (preferably the first 30 minutes), if 2 bars or … Continue reading

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