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Becoming a Better Trader

Trend Absorption #1 – Plus Buying Climax Volume

April 5, 2017-1:03 pm traderscott 2

Trend absorption with gold. along with trend exorption, reaction absorption, upthrust volume, and buying climaxes are all discussed in the video. The video got messed up and had to be put in two parts, but...

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4/5 Comments (11:10 AM)

April 5, 2017-11:12 am traderscott 2

I have talked several times about my bearishness on financials, especially Euro banks – CS and DB. I don’t like talking about shorting in general, but those two in particular are a disaster. There are...

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Update (9:45 AM)

April 5, 2017-9:49 am traderscott 2

I left a message earlier – I just sold some PLUG into the rally.  And  the gap trade setup mentioned in yesterday’s pre-market for OWCP has been a nice trade, this stuff is pretty high...

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4/5 Pre-market (9 AM)

April 5, 2017-9:01 am traderscott 7

Today is another stupid release of the Fed minutes, and it’s often a market moving event. Gold tends to trade lower in front of it, as well as the unemployment number on Friday. I’m still...

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Biotech Stocks With and Without Signs of Strength

April 5, 2017-1:15 am traderscott 7

We really like biotech stocks, mainly for trading, but also sometimes holding some shares for a much bigger move. We’ll take a look here at potential setups with some biotech stocks with a question from...

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Reaction Buy After Buying Climax #1

April 4, 2017-11:07 pm traderscott 0

There are so many specific trades to keep adding into the arsenal, and we need to make them as specific as possible. And like every trade for me, it’s in context with the full technical...

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4/4 Comments (3:54 PM)

April 4, 2017-3:55 pm traderscott 19

The reason to keep coming back to the Dow Transports is it is often a leading index both at tops and at bottoms. And the Nasdaq is often the last to put in a top,...

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4/4 Update (9:40 AM)

April 4, 2017-9:43 am traderscott 0

MMEX – that is a buying climax at the gap open this morning. I am out and staying away from that one, just watching now. Be careful....

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4/4 Pre-market (9 AM)

April 4, 2017-9:00 am traderscott 0

The general themes which I’ve discussed several times is the focus today. This is a quite worrisome time period for global stocks. There’s been a lot of discussion of the “great performance” in several markets,...

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4/3 Comments (2:10 PM)

April 3, 2017-2:11 pm traderscott 0

In last Thursday’s pre-market comments, the rally in crude and the time frame into this week were discussed again: ” The crude rally continues, it still has some time, but resistance levels are coming into...

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