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5/25 Comments

May 25, 2017-3:18 pm traderscott 5

The energy shares continue to badly lag crude oil itself. That is an opportunity later on for a bigger picture (not daytrading perspective). There still seems to be a lot of people, in their minds,...

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5/25 Premarket

May 25, 2017-9:05 am traderscott 0

We can sit and talk about this and that with gold, but in the meantime it’s just stuck in  a range. The backup yesterday was helpful, a break below the bottom would have set up...

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Sell Stop Runs/Trading Ranges

May 25, 2017-7:55 am traderscott 5

Sell stop runs are a great place to take the other side and use it to our advantage to enter the market right there. But we really need to have done the work ahead of...

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5/24 Premarket

May 24, 2017-9:08 am traderscott 6

Gold is still in the range between 1245-1265. It still is in a favorable time frame from the 5/9 lows. But the PMs in general have another time frame for a low later in June,...

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Buy Stops – Yen

May 24, 2017-2:47 am traderscott 0

Buy stop runs and sell stop runs are great places to enter markets, at least for a trade. We’re basically talking about upthrusts and springs in these situations, although they can be a bit elongated....

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5/23 Comments

May 23, 2017-3:37 pm traderscott 2

The Euro  (60 minute) with the heaviest downside volume and the price spread, into a time frame which was mentioned a few days ago. GLYC has been a great trading stock today. I traded in...

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5/23 Premarket

May 23, 2017-9:10 am traderscott 0

The stock market tends to rally into Memorial Day, and the QQQ wants to rally back to the highs, and once again confuse the “crashtalkers”. I sold a QLD way too early, but these news-related selloffs...

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5/22 Comments

May 22, 2017-3:33 pm traderscott 0

Some comments from a recent post about crude oil: You’re right about the pundits. My original belief was a bounce in early May, with commodities in general. The $ selloff has helped the commodity rally....

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