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Previous Intraday Trading Session: [ 11/14/2013 ]

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TIMEALERTS 
20:37Trades Today:
Scalpers: -2, -2, -2, -0.75, -2 = -8.75
Sluggers: -2, -2, -2, -0.75, -2 = -8.75

 
15:43No joy today.

 
15:43Trade #5 -- Sell 1789 [-2]

 
15:00We have 1 bearish reversal followed by a bearish continuation --> http://screencast.com/t/1YpMaabBpo

 
14:55Sluggers should try to ride this down.

 
14:53Looking ugly here. Could drop a lot.

 
14:47Trade #5 -- Sell 1787

 
13:39Just waiting for something to happen.

 
11:43The last reversal signal was the first signal today that worked out (i.e. would have made us a minimum of 2 points, and the move from top to bottom was at least 3 points).

 
11:35Looking for 1783 for support.

 
11:30Bearish reversal signals on 1, 5 and 15-minute charts. I would be looking to go long once they play themselves out.

 
11:17Trendline resistance at 1787

 
11:14There you go. A classic reversal signal, and it did not work. BTW: Yellen is still speaking.

 
11:01And now a classic reversal candle with a long wick. Do we think the market has made up its mind? I don''t know, and I don''t want to take on any additional risk at this point. We should sit back and watch for now. There will always be another trade down the road.


 
10:53Looks like a pull-back is starting. Let''s see if the market is going to follow the reversal signals.

 
10:25Yellen is still talking. Best we do nothing until she is done.

 
10:24Gold and Silver taking off like a rocket.

 
10:24Recommended SLV Nov13 19.50 Calls to the options traders.

 
10:22The bearish continuation pattern didn''t work. Insteat, we got another classical signal for a move higher. That makes 5 signals in the first hour of trading. We are not confused, the market is. Have to wait for it to show it knows what it wants to do.

 
10:08Getting chewed-up in this choppy start. Needs to step back for a while. We just saw two perfectly good set-ups go the wrong way.

 
10:07Bearish continuation pattern. --> http://screencast.com/t/VkCjFSYhPjz

 
10:05Trade #4 -- Buy 1778.50 [-2]

 
09:59Trade #4 -- Buy 1780.50

 
09:56Trade #3 -- Out 1778.75 [-0.75]

 
09:56Trade #3 -- Exit 1778.75

 
09:559:50 reversal. If it happens, it has to go up.

 
09:47Trade #3 -- Sell 1778

 
09:47A couple of bullish candle reversal have failed.

 
09:44Trade #2 -- Stopped out 1779 [-2]

 
09:44Charts suddenly looking ugly.

 
09:38Sluggers should shoot for 1786. Move Stop to breakeven if we reach 1783

 
09:35Trade #2 -- Buy 1781

 
09:25Trade #1 -- Stopped out 1779.75 [-2]

 
09:20Trade #1 -- Buy 1781.75

 
09:18May take a long position on the current candle if it finishes up.

 
09:17I expect the markets to move sharply higher today.

 
09:10Good morning!

 
 
 
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