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5/1 Comments

May 1, 2017-3:05 pm traderscott 0

Last week David brought MTBC to our attention, and it was included in the breakout video from Saturday. I missed the huge run in the morning, but there was a textbook “reaction buy/retest after buying...

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5/1 Premarket

May 1, 2017-9:08 am traderscott 3

From the WSJ: A traditional bond market measure of economic health is sending a dour signal, but it’s not everything it seems. The difference between long-term 10-year Treasury note yields and short-term two-year yields fell...

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Anticipating Emotions

May 1, 2017-1:28 am traderscott 2

Using different tools to anticipate where emotions will start to ratchet up (freak out time) are very useful in trying to pinpoint areas where turning point likely will show up. And then breaking below that...

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False Breakouts

April 29, 2017-8:15 pm traderscott 0

Markets are always about probabilities, so the legitimacy of a breakout is also going to be about probabilities. There are ways of dealing with this – here are some of those ways:  ...

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I’m Honored To Accept The Idiot Award Of The Day

April 28, 2017-10:08 pm traderscott 5

Trading out of boredom, along with revenge trading and needing to be “right”, are awesome….if we want to lose money. I did both a and c with ERX, and thus feel honored to accept my...

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Trend Absorption #2 – GDX Daily

April 28, 2017-3:45 pm traderscott 11

Recognizing trend absorption can be helpful in many ways, even if you don’t actually trade it. Of course trading it is the ultimate goal, but it can also give you confidence as to what the...

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4/28 Premarket

April 28, 2017-9:03 am traderscott 0

With the relatively meaningless GDP number out of the way this morning, now the next thing will be the debt ceiling (we already know the outcome there regardless of the drama) and the French elections. And...

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Trend Absorption #1 CALI

April 27, 2017-2:02 pm traderscott 2

Another trend absorption setup video here, and I’ve yet to see this trade setup discussed anywhere else. It’s a high probability trade, but not as high as true absorption before a gap up. And trend...

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4/27 Market Comments

April 27, 2017-10:50 am traderscott 0

Stocks and markets – silver is setting more new lows, so now it is not “holding up well”. But not holding up well means we’re getting there. Once again tho, I won’t touch silver until/unless...

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Gap up After Absorption #1

April 27, 2017-9:26 am traderscott 4

Another numbered trade and an example of another high probability setup. Remember this business is nothing more than recognizing the higher(est) probability setups, and then going for it. It will work, or it won’t. we...

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