How can you increase your % win rate for your trades by adjusting one of two parameters? Would it be worth it for your overall profitability? I’ve been doing a fair amount of trading system development and optimization thanks to TradeStation, Tradecision, and Excel and have found some surprising initial results. For the purpose of…
Apple Inc (AAPL) showed some interesting patterns today on its intraday chart – I thought you might like to take a closer look. The day started with an overnight gap down that didn’t fill, although price achieved a 50% retracement. Gaps that fail to fill can lead to larger trend moves in the original direction…
Crude Oil tapped above $124 intraday today, marking yet another new record high for the crucial commodity. Is there a potential way to analyze and trade this development with Market Club’s Trade Triangle Technology? Adam Hewison today released a new brief info-movie for your benefit. I thought it was funny that he described crude oil…
Do you know where commodities have been lately? Does it matter to the market? Let’s take a look at a few select commodity indexes to see the new highs made on some of these indexes today. First, the Goldman Sachs Commodity Index: Notice the extreme price movement that created the surge which took this index…
The $VIX (Volatility Index) is bouncing off new lows for 2008 in a sign that traders and funds have become less fearful in the current market environment. Perhaps they are unwinding their hedges or engaging in some sort of risk-seeking or ‘cooling off’ period, but it is interesting to note that it took the VIX…
I was quite impressed by the strength of the bears in swiping the US Indexes lower on Wednesday, giving the bulls only a marginal chance for any sort of retracement. I recommend saving today’s charts for the files under “strange price action” for future review. Let’s look first at the DIA: Price made its intraday…
Are the Indexes at Support or Resistance? Today’s action would lend to the “Resistance” camp, but let’s take a closer look. Let’s start with the daily chart of the Dow Jones Index: With this chart, I have Resistance plotted via two areas: 1. The declining 200 day moving average 2. The horizontal trendline via prior…
Although it’s not discussed extensive, the Yield Curve has now normalized to levels that have historically preceded large bullish moves for the overall market. The last time this pattern occurred was in 2003. Bill Luby at VIX and More recently identified this pattern as well with a good, brief analysis in his post “The Yield…
Wow! What an interesting day it was for active traders. Yet another gap was filled and a sort of unexpected trend day emerged. Let’s look! Dow Jones ETF (DIA) 5-minutes Today opened with a sharp intraday gap down, which spent the first 10 minutes continuing downward. I prefer to wait for 3 bars (15 minutes)…
Today marked yet another opening gap that filled in the major US Stock Market Indexes. Gaps are one of my favorite opening patterns to play because they can provide a dual edge for traders. By ‘dual edge’ I mean they can provide a higher % win rate and also generate more profits when correct than…