Category Archives: Setups

TLT – Warning Sign

Two days ago someone in a forum was bullish on TLT during a bullish intraday rally.  I took a look at it.  Then something on the 60 minute chart stood out like an eye sore:  despite the bullish price action, … Continue reading

Posted in Setups, Tips | Leave a comment

BAC – Missed Opportunities

I was eyeing BAC yesterday afternoon because of the enormous positive divergence on the 60 minute chart.  But that would be a counter-trade on the proprietary long term selling signal.  My conviction in the BAC trade even prompted me to … Continue reading

Posted in Setups, Trades | Leave a comment

Another Text Book Reversal

  Knowing the mechanics of a trend reversal helps one sit tight and wait for better entries or exits.   Today’s big gap down was very tempting for me to exit my short positions.  But exiting a short is subject … Continue reading

Posted in Setups | Leave a comment

Go Long Intraday

It’s only mid-day, but the 1% red gap is just about filled.  It’s a recurring theme and it’s hard to bear for the bears.  Tribulation would not be an understatement.   Looking back since October, 23 out of 29 candles … Continue reading

Posted in Setups | 1 Comment

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

Posted in Setups, Tips | Leave a comment

Opening Range Trades

I tried out the opening range setup recommended by Cobra at. The opening range (OR) setup typically uses the first 5 minutes or 30 minutes (10 o’clock) as the open range and enter trades on break of the range. I … Continue reading

Posted in Setups, Trades | Tagged | Leave a comment

SLW Long Setup

Silver has taken a beating due to overdue correction of froth, margin requirement tightening, and the recent rally in the Dollar.  With the triple whammy, even the long time darling of commodity, SLW, has seen its share price retreat over … Continue reading

Posted in Setups | Tagged | Leave a comment