Monthly Archives: October 2011
The market rallied yesterday due to reports that European dealers have finally finished a crash course on “haircutting” and are ready to work with their first customer. The issue is who will be next. It is quite unlikely that after … Continue reading
As of the close of Monday, October 24, 2011, there is a 5-bar pattern formed on the daily chart of SPY that has historically a high win rate for profit target and stop-loss equal to 1%.
Last week I briefly responded to a question that has come up several times recently about the difficulty in finding price patterns with high reward-to-risk ratio. I showed with an example using QQQ daily data that such patterns do exit. Here, I … Continue reading
As of the close of Wednesday, October 19, 2011, in both QQQ and SPY daily charts there is an inside day pattern formed following an ouside day pattern. Both patterns in succession show that market participants are cautious and undecided about future market direction. … Continue reading
A question that has come up a few times recently is about the dififculty in finding high reward-to-risk setups in various markets like equities, futures and forex or even whether such setups exist at all. I think it is an important question … Continue reading
Another rally yesterday but with very different price action from the day before. Yesterday, although the market opened higher with a gap, the rally lost momentum and by the end of the day there was a pin bar formed on the daily chart … Continue reading