Category Archives: General

Many things to be thankful for.

I am a lucky person.  I am lucky to have the family, friends, and readers I do.  I am lucky to be able to do a job that, for the most part, gets me out of bed each day.   I am lucky to live in the time that I am living.  I am lucky to have anContinue Reading

City of Chicago wants to tax traders.

Explaining my importance to society as a liquidity provider often falls on deaf ears.  It is a communication issues and to be honest that is part of the allure for me.  Trading is not easy, there are many sacrifices.  Like anything with a high risk, high reward people tend to attack you.  People attack whatContinue Reading

Bills kill.

Two understandings will speed up your development as a trader.  No, it is not technical or fundamental analysis. It is your complete understanding of your expectations and that trading is a business. I am fortunate to see two of the three types of traders on an almost daily basis.  I see both professional traders andContinue Reading

Chart of the Day: $ES_F

I like to look at long term charts because it gives a big picture view.  The patterns start on a small picture and slowly get larger.  I have a tendency to assume that a chart has happened before.   On a shorter term chart, there are more chances.  On a longer term chart that assumptionContinue Reading

Things I read so you do not have to.

I am constantly seeking a different point of view other than my own. I know there is a thin line between right and wrong because of trade offs. What makes something right for me, you may not be willing to accept those trade offs. It is always about trade offs. The next thing I lookContinue Reading

Free candy and other things you should stay away from.

A trade consists of three things.  Price, time, and exits.  If a commentator leaves out any of those, they might as well be Charlie Brown’s teacher.  Whenever I see this, which is often, I wonder who is further off their rocker. The person who thinks they can get a “quick fix” or the person whoContinue Reading

Clearing the mechanism. Getting back your vision.

I got an email this morning from a client. I am glad I did. I have been having trouble clearing my vision. The best way I can describe it, is when something gets in your eye. To remove this impediment you can blink your eye or wash it out. I was finding myself, unwilling orContinue Reading

Morning Take $ES_F 11/11/10

Just a reminder, bond markets are closed today. NQ_F is looking weak this morning, it is safe to assume that is because of Cisco’s poor earnings.  It could weigh on the market.  Overnight range in ES_F is 1213.75 to 1206.00. We have a gap above at 1214.00 and also double bottomed overnight.  200 period MAContinue Reading

Morning Take $ES_F 11/10/10

We have a tight range overnight.  Range from 1213 to 1208 with a potential gap at 1211.00. Anything below 1199 and above 1231 would be considered a breakout in volatility.   Banks are closed in the US tomorrow which could lead to some things getting done today.  Yesterdays low was 1206.25 and we took outContinue Reading

Afternoon Take $ES_F 11/09/10

The opening range was the high of the day to start. We filled the gap and than rallied to the highs of the year by one tick. We held unchanged for awhile and once we got below it has been an area resistance. It has been a series of support becoming support. Friday’s low wasContinue Reading

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