Stock market, stock trading, Calling tops and bottoms at the exact minute

Dear stock traders, investors, market watchers,

This blog showed just in this week that one can time tops and bottoms of the market.

We have nailed the top of NDX on: Monday, Tuesday, Wednesday, Thursday.

And until now the bottom of today Friday (read the latest market call when NDX was at 1931 and 10:38AM).

I will make the tally of the gains later.

If you think that the market cannot be timed, think again.

At 1:15PM: the bottom of today is still standing, and made up to 13 points when NDX visited 1944 earlier today.

Read the PSs below and signup. You got nothing to lose, and everything to gain. It is a free trade to you!

I am now going for lunch.

Happy trading,

1. I am compiling the list of emails later today.
2. Email me at emailfinancialtraders@gmail.com
3. You will be added to the by invitation blog list
4. I will start writing to you about markets, trading, investing, and money making.

Email is emailfinancialtraders@gmail.com

Empty emails are fine.

stock trading, stock market, June 20, Market call 10:38AM

If you have the courage, and can scale in, and only with half a normal size position,
now with NDX at 1931, go long.

UPDATE:

11:09AM: NDX is now at 1943. Another winner! 12 points away from the standing bottom to the minute!

stock trading, stock market, June 20, Market call 10:04AM

Cover all short side positions of NDX, with NDX at 1938.

Update:

Now I am playing the 48 strike on the long side.
Latest trade: 10:23AM I just sold 48 puts.

Stock trading, stock market, Nasdaq100

9:36: I just covered my short calls for a sandsome profit with QQQQ down from 49.00 when I sold, and now they are at 48.15.

Now I am ready to start selling some puts, and start the dancing with the wolves games. The pinning game has begun!

9:40AM: I just sold some puts with the QQQQs at 48.09

I am expecting that if and when it hits 48.00, it would lift off.

9:46AM: The lift off might start soon.

Stock market, Stock trading, Options trading expiration, Pre market

Dear stock trader, option trader, and investors,

The premarket prices show a drop in NDX and the market. As shown in my trading execution, I sold NDX when it was in area of 1988 with QQQQ close to 49.00.

This morning in premarket the QQQQ are trading at 48.35.

Updates are coming latter. Do not forget that it is options expiration (triple witching day with heavy volume and games being played. Stay alert.

Happy trading

Stock market, Stock trading June 19, 2008 (afternoon)

Stock trader and investor,

Here is how I traded NDX today June 19, 2008 in the afternoon.

The upmove is most likely due to option expiration, and the unclosed gap that I mentioned in the previous posts of yesterday and the day before at around NDX 1970.

You ould notice in today's action of the dow (chart above is not the chart of the dow, but the chart of NDX) that the dow index stopped moving up at 12100, and then retreated from there. It is typical action on the one to two days before to expiration. That is why I recommended to those who do not trade options to stay away from trading today afternoon and tomorrow.

Tomorrow will be a day to watch for an eventual battle on where to end the QQQQ (ETF for Nasdaq 100) at 4:00PM. It would be interesting to watch.

My current plan is to trade the options expiration on the QQQQ and or IWM. It has its own rules. I call this "dancing with straddles and strangles without losing your ...". The idea is to earn premium on OTM options while the stock is dancing between two strikes. It is fun to watch.

Tomorrow I would recommend that you watch the dynamics of options on the QQQQ calls at 49, and the QQQQ puts at 48 for June expiration. It you know how to spread,build pyramids and have fast feet while you dance, you can make good money, and real fast.

Happy trading,

1. send me an email at: emailfinancialtraders@gmail.com
2. I will get back to you instantly (if I finish adding an automatic response to the email address) or after I am done with trading.

stock market and stock trading, nasdaq 100 June19 2008, 2:35PM Call

Stock trading and options trading :

NDX at 1987. I just went short again. I am going to post my execution report later today. Stay tuned!

Here is what I did this afternoon:

1. With NDX at around 1976, I went short at 12:34ishPM
2. Covered at 1:46ishPM
3. NDX at around 1987, I went short at 2:34:ishPM

I told you that expiration can be wild, and that it starts Thursday afternoon!

This market is going wild! They seem to want to pin the QQQQ at 49.00, but I think they would not be successful. It might go down back to 48.50 or even 48 tomorrow. The bears were covering in rallies!

They seem to want to pin he dow index at 12100 (DIA at 121). It is currently at 120.95 at 2:48PM. As soon as DIA reaches 121 (Dow 12100), watch for it to reteat or stay there, but it would not go beyond that as the force that brought there (if for pinning will not go much further than that).

UPDATE:



I promised a copy of my trades. They are attached. I have removed information that are private or too detailed for privacy reason. The point I would like to make is that my trades are consistent with what I write on this blog.

Happy trading

stock trading, stock market, Thursday June 19, 12:24PM

Stock traders,

NDX is now around 1976. I am shorting. (The gap I spoke about yesterday has just closed. Time to go short on NDX for me). But I doing it by selling calls on options on the QQQQs. So I will earn premimum for sure.

I just finished entering a good part of my short position. Latested execution report at 12:34PM with NDX at 1976 to 1977.

UPDATE 12:51PM (15 minutes later after the NDX short call of this afternoo):

NDX is at 1969. Already 7 NDX points in the bag!

EUR/JPY is also doing well. It was sold at 167.40 area, and it is coming down

Now: Let us see if there will be a restest of the afternoon high, and what the result will be. A failure to break these afternoon high is a sign of weakness, but remember we are in the expiration week, and games can be played. Stay alter.


Happy trading

Stock maket trading, Forex trading ( currency trading ) June 19, 2008 AFTERNOON Alert

I want to alert you to this:

1. I want to stress "until noon time" in the message I posted in the morning (see previous post)

"Nasdaq 100 (until noon time): 1960 (assuming a failure on an up move".

That call expired at noon and made money. It is now the afternoon. I will check the market and update you. BUT I would pay attention to point 2.

2. The game of pinning starts Thursday afternoon (as index options stop trading by the close today). For instance June DIA options which settle in cash (based on tomorrow close) stops trading today. June QQQQ options on the other hand continuse to trade and stop trading on Friday close (4:00PM).

Play options expiration is another game with its own rules. I am moving to that mod now, but this does not mean we can not time the market, it is just different tools that one has to you.

For instance where would the QQQQs be pinned? 49.00, 48.00, 47.00? I will write about this.

3. I started re-entering again on short side of EUR/JPY. Entered at 167.40 at 12:09 PM and 12:21PM

Stock maket trading, Forex trading ( currency trading ) June 19, 2008

Stock maket trading, Forex trading ( currency trading ) June 19, 2008

Traders and investors,

The message I explained yesterday and the day before remains intact.

1. Currencies; As I told you yesterday EUR/JPY was on the verge of heading south, and today it did. The shorting level were great. If you entered like I wrote in the previous post, you must have made 100 pips. I still have parts of my position, and I I will play it on short side, and will share with you my trades as soon as I can.

2. I will not go long the stock market. One should either step on the side, or short the stock market. I only short the indices Nasdag 100, and russell 2000 (although I am short recent days only the Nasdqq 100). If you play it short, always wait for bounces before shorting.

3. I am holding to my short position.

Proper shorting places are:

1. Nasdaq 100 (until noon time): 1960 (assuming a failure on an up move. (I have some other things to attend to, but if I am there when it happens I will post it to you immediately. So stay tuned).
2. EUR/JPY: I am playing it on short side again starting at 167.28 area.

Consider the nasdaq 100 guilty (for long side) until proven innocent. So, fishing for bottom can be very expensive (even for the extremely skill because up moves are smaller and slower than down moves which are large and fast. (Fear is more powerful than greed).

Update 1:

If you are hungry to go short, and can scale in, NDX at 1953 to 1954 is a candidate for shorting. It has been touched at 10:37AM, and should be restested. You can try it on the restest.

10:53AM: NDX is at 1957: Good shorting point even if not at 1960.

Update 2:

At 11:05: NDX touched 1960 and retreated. Precisely the price level that my calculations told me where one should sell short.

It has retreated 16 points real fast, which confirms to you, dear reader, that when a market goes down it goes fast. I wrote that earlier in this post. Reread the post.

Happy trading

Stock market, Stock trading, NDX June 18 2008 UPDATE and Summary

Stock market, Stock trading, NDX June 18 2008 UPDATE and Summary:

The forecast I made in the morning for NDX at around 10:30AM, turn out to be correct not only in price tops, but also in the nature of market action.

The market tried to close the gap, and that was the place to short it.

If you followed the forecast in my morning post (reader it in history of posts),
then you have naild today's top of NDX. You would have made good money on the re-test of the lows which have been a gain of 20 NDX points. "Easy money".

I am going to watch the pre-opening tomorrow. I noticed that in the case of NDX, the gap did not close perfectly. If they open it tomorrow to close that gap, I will short it if and when it shows weakness.

Tomorrow is an important day for the stock market.

We have also to be careful about option expiration, and the games of pinning.
If you do not know about option trading and expiration plays, I would say that you stay away from the stock market on expiration Fridays.

Recap:

1. Latest NDX top was sold at 1993.
2. Covering with 40 NDX points when NDX was at 1953 areas.
3. Re-entering when NDX tried to close the gap present brings other NDX profits on short side.
5. I would not go against the trend. The market is in control of sellers, and should be considered as "guilty" for the long side until proven innocent.

Happy trading

PS: To recieve special reports on trading send an email to emailfinancialtraders@gmail.com so I can add you to the group. Do not be shy to email me, I like to have people to write to.

Forex trading (Currency trading), EUR/JPY, June 18, 2008

Forex trading ( currency trading ) EUR/JPY pair.

As predicted earlier today (read earlier post about morning action), the pair went down to area of estimated strong buyers of 167.33, and then went up. Those bulls have not yet been defeated, but the defeat is on the horizon.

With the shorting we did in area of 167.60 between at around 12:15PM to 12:30PM (read the 12:15PM UDPATE section on the morning reports in history of articles, we have made around 25PIPS. Not all my intended position size was shorted, but that is fine. A safer profit is always better than a less safe profit.

The vision I have in the morning is still similar with minor changes (the level of prices many need to be adjusted a lower lower). At 5:ishPm, I started re-entering on short side. The solid sellers have now moved a bit down. I do not have a chart next to me now, but my calculations earlier tels me that the area of 168.00 is now a top with high probability for near future market price action. If it gets there, I will sell to them all they want as soon as I have double confirmation of the top.

As soon as I log to charts and can post, I will make an update.

Happy trading,

To recieve special reports on trading send an email to emailfinancialtraders@gmail.com so I can add you to the group. Do not be shy to email me, I like to have people to write to.

Stock trading, currency trading, stocket markets, forex, your name it: What can you learn the Celts vs. the Lackers Last Evening Game

Stock traders, currency traders, forex traders, stock market traders and investors:

Live from a place in Harvard Square in Cambridge, MA. A more precise location is at the end of the article. So keep reading.

This is a rough draft of ideas that I would polish later. But read further to have an idea of my thoughts.

I was taking my lunch, and thought to write a piece on what one learn in area of trading from last evening magic game between two great american franchises: the celts and the lackers.

Step back a bit to yesterday before the start of the game. Here is what a bull of celts would think:

1. Celts have won more games, and therefore the daily trend is on their side
2. They have an edge(s?): they are at home, have good record at home, etc.
3. Their players and management are hungry to win, and they have show it in earnings which translates to win. This means the fundamentals are good.

Now the BUT:
4. The celts fan would also say, but they lost the previous day, and we will wait and see how they will do early in this game before we can say this is in the bag. In other words, they were waiting for action of a new day to see if it is better than the previous day.

Here is how a fan of the lackers would feel (hope) (Notice that I did not use the word think):

1. Although they are down in daily count, they won the last game and we the hopeful, hope that they will win this game.
2. We cannot rule a win, but down deep we are anxious. Let us forget worries for this game.
3. Let us be positive, cheer the lackers and hope for win. Let us forget about the probs. After all probs are just numbers and they sometimes miss, etc,

So above you have a bulls of celts (rational but yet cautious) and a bear of celts (bull of lackers) very hopefull, but deep down he has worries. It is similar in a bear leg for bulls, and a bull leg for bears.

Now after the game started and the celts looking great:

1. A Celts bull would conclude. I have the confirmation that this day is up for the celts. The probs are on my side, etc. This is totally different from the last game. Given the daily trend (point 1), the edge of the celts (point2), the fundamentals behind the celts (point 3), and the evidence shown in early game action, now I can with reason, put aside my justified worries (point 4). I am now confident that they would win it. BUT (they is always a but in a rational mind) you never know. We have to stay cautious and make sure that the manageer can cut any unusual play action by executing better, or as a last resort by taking a time out (the stops).

Reason like a Celts fan of last evening, and you are a step ahead of 90% of your competition in the stock market. 90% of traders in the stock market are like yesterday's lackers fans.

Written on/next to the bridge on charles river next to harvard square between the kennedy school of governemt, and the harvard business school

PS: I have a trading method exactly similar to the above. More in the future.

Happy trading

Stock market, stock trading , June 18, 2008,

Stock traders and investors,

The gap down open of today confirmed what I wrote yesterday. 10 minutes ago, NDX touched area of 1953 which is 40 points from where I wrote that I have shorted just less than 6.5 hours of trading ago.

1. I took half of my remaining position off with NDX in area of 1953 to 1954.

2. The market is now in the hand of sellers BUT the gap might be filled. So, I am stepping to the side to wait for bounces to play it from short side.

3. If I were an investor, I would step aside, till the market is in control of buyers.

12:15PM: A note

This is not about stock trading, but about forex trading ( currency trading)
I hope you enjoyed the profits of yesterday's trade. I took it off when its visit to 167.30 as I could not watch it frequently because of time constraints.

NOW THE POINT:

At 12:15PM I am starting to re-enter on short side. Traders of this pair should now be confused (both longs and shorts are confused). But smart money is NEVER confused. The sellers that are almost sure to bring it down real hard, are now in 168.10 area.

But I am scaling in in pyramid formation as the top may form before 168.10, due to other strong sellers at miles: 167.60, 167.70, 167.90.

I am then now scaling in. And as I may not be able to watch it, I will leave orders at above levels to complete half of my position on short side.

The "enemy" (buyers of this pair) are now in area of 167.33. And once defeated, the defeat might lead to a hard down move. So if it goes up to 168, and I load up on short side, I will not be shaken out but taking small profits or small stop losses. I will give it time to make its move, and I would target 166.50 as a first main station for a down move. That is the view currently, but views change because smart sellers and smart buyers are always on the move. The only thing that should not change is that we make money and we keep moving to areas where armies of sellers (or buyers depending on case) are entrenched and are on our side, so that we emerge victorious

Happy trading

Stock trading ( Nasdaq 100) June 17, 2008, Update

Stock traders and investors,

This is an update on the position I have discussed earlier today. The previous post was getting too long as I started this post.

I shorted the NDX 100 segment of the stock market. I did it via the QQQQs. I sold ITM call options. I will explain later in this post how this works in case you have not familiar with shorting, options, indices, etc.

At 11:15AM, I wrote on this blog (read previous post) that I am shorting NDX when it was at 1993. Two hours (12:42PM) later NDX is at 1973, which is a gain (for short position) of 16 NDX points.

More importantly, I am nailing yet another daily price top, after nailing the top of NDX yesterday June 16, 2008.

As I wrote in my previous post, never follow headlines in news saying how great the market is going to be. It is was all over the place this morning before the opening bell. Now, NDX is all red. That is why I wrote to you before the market open to warn you about not being a prey to the pros.

Follow the smart money if you want to make money! Check the PS below.


UPDATE:

3:24PM: NDX at 1970. I just took off half the short position I shorted at 1993. Gains: 23 NDX points. I plan to leave the other half until tomorrow, but my decision can change from now to the close (+ 15 minutes. Do you know why the +15 minutes?).

Happy trading,

PS: I have "1000 trading secrets to share"

Send an email to emailfinancialtraders@gmail.com

Empty emails are fine, or just copy and past this PS, and email it.

Stock trading , currency trading (forex trading), and trading educations June 17, 2008

Stock trading, currency trading (forex trading) June 17, 2008 :

I am posting via my phone while dring from airport back to office (I had to drop family to the airport). I check the market deadlines, and currencies, and I want to say this, but as soon as I arrive in 20 to 30 minutes from now, I will post my life trades

1. If the market gaps up at open, be ready to short it.

2. For those of you who followed my calls on Currencies last evening, you have made good money. We sold at the absolute top for both EUR/USD and EUR/JPY.

happy trading (I got to go, traffic is moving again).

Watch for live traders coming as soon as I am back

I am just back at 10:18AM.

1. I looked at my currency trading account. An order went in on short side at 8:28AM and at 167.78. It is profitable so far. I plan to play it on the short side (for beginners this means sell EUR/JPY and cover it later for a profit).

2. Stock trading: I am heading to look at the market now. Update is coming.
10:23AM: As I wrote earlier my prediction is correct. I trade NDX ( Nasdaq 100 ). It did exactly as predicted. Gapped up, started at 1990, and then fell. Short the rallies.

Watch for the low of the previous day ( which is 1954 area). If it breaks it, then the market will be controlled by the sellers.

10:28AM:

Profits so far:

1. 11 NDX points
2. EUR/JPY: 30 pips for my position. And + 15 PIPS for those of you who entered when I came back and posted around 10 minutes ago. First strong sellers are now in area of 167.73.

10:35AM: Area of EUR/JPY sellers is now reached. I would start scaling in. (If you do not understand the language I used such as "short", "scale in", etc read PS2 below).

10:42AM:

Watch the chart of EUR/JPY. It spiked and will likely move down. Reason of spike, the fat money, market makers, etc, running the stops of the dump money, and also to make a headfake for weak money to either get in on losing side or execute stop losses on short positions. Do not allow them to play the game on you. Scale in pyramid formation, and stick it to them rather than the other way around.

My job is to get you on the side of the smart money. I have no heart for those who run stops and fleece the masses, and average Joes out there who work hard and then see their money goes to the pocket of fat money.

10:55AM:

Here is a chart of all of you (Dear Readers) come from as of 10:55AM. You are 100 reading as of the time of taking this picture of traffic. May god bless you.

Smart people are from all over the world. So I say to all of you:

1. From Europe: have a great afternoon amd I love european architecture.
2. From Asia: the sleeping tiggers and where future fortunes will be made.
3. From South America: life is good when one visit you.
4. From Arabia: Desert tourism is indeed an exceptional experience. I love lively arabian sooks and people.
5. From Hawaii: the blue waters, fresh air, a paradise on Earth
6. From Arrical: please come to my blog. You deserve to also be wealthy. Just follow success. No need to re-invest the path to success. But I live African music. It cures the souls.


So to all of you: Hola, Hello, , Salam, Shaloom, Bonjour, Hi, Niahow (If you email me say hello in your own language if it is not english).

11:08AM: The strong sellers are now in area of 2005. If it gets there, I am ready to sell to them all they want! My orders are ready to shoot at any bull if price gets there, and immediately after weakness is confirmed. Stay tuned.

11:15AM: I decided to start joining the battle against the bulls with the intention of selling more in area of 2005 if it gets there. But 1993 might be the top.
I entered at NDX 1993 on short side as a first step in my scaling in on my intended short position size. Let the battle begin.

11:29AM: Here is how the EUR/JPY trading is going. Did you see that sellers were hiding in area of 167.73. I told you so before the fact!

11:49: For those of you who did not take their profits from last evening shorting of EUR/USD, I would take my position out. Current sellers are in area of 1.5550. I will study it later to determine if and when I would play it on the short side. As for the long, as I am now going out for a walk in the park and to take lunch, I will not consider it. As for NDX, it has made now more than 10 NDX points. Life is good, and it is always a great day to trade.

11:58AM: Just in case you decide the short EUR/JPY. Strong sellers are now at 167.82. In case you conclude that I told earlier that they were at 167.73, and this does not make sense to you, then you need to understand that smart sellers do not hide in one place. They are always moving (like warriors in a army. They move in the battle field. A fixed army is already dead. So keep that in mind. Sellers and buyers (the smart ones) keep moving. Your job and mine is to determine where smart money is hiding and go join them because we know they will win the next battle).

Happy Trading, (And always raise the bar. Mine: I want to be the best financial trader that history has even known. Put an aim in the most powerful computer on the planet: your brain. Results should follow even if it may take a bit of time to get the results)

PS1:
Do not be shy to email me. I am a nice individual just like you. I will share with you (as time goes) information I believe will help you make money, which you deserve. email address is emailfinancialtraders@gmail.com . Empty emails are fine.

PS2: If you have any doubts about the terms I use, I will send you a write up on definitions, etc. Do not be intimidated if you do not know these terms. They will become second nature to you after reading the report, and using them.

Forex Trading ( Currency Trading) Make Money in Forex . EUR/USD 9:23PM Started Shorting As Explained earlier today.

Forex Trading ( Currency Trading) Make Money in Forex . EUR/USD 9:23PM Started Shorting As Explained previous post. Started entering at 1.5523 at 9:23PM.


Chart at entry is. Details will follow.

PS: While I was waiting for the image to load up, the pair made a trip to 1.55. Already up a bit more than 20 PIPS in less than 7 minutes. I expect it to react, and retest the high again.

9:31PM: took a 15pips profit.

9:37PM, I am scaling starting at area of 1.5525. Recall my earlier analysis. Strong sellers are in area of 1.5530.

9:47PM: I complete entering 80% of my intended short position. Last entry at 1.5538. I am going to load the char in a few minutes.

Happy trading,

Do not let the looks of this blog receive you. I am an approcheable and nice guy. I will share with you "1000 Trading Secrets". Just sent me an email to emailfinancialtraders@gmail.com . I will send them to you piece by piece. Pulse you will be able to follow me in my "Quest of .... From Zero to 100K in 1 Year"---Anything I will do, everyone can do it. You will watch me do it on blog that will be open by invitation only.

Stocks trading, Forex Trading ( Currency Trading ), Summary of June 16 2008

Stocks trading, Forex Trading ( Currency Trading ), Summary of June 16 2008

Dear readers,


I have traded today Nasdaq 100 (via options on the stock QQQQ), Forex ( currencies ) Pairs EUR/USD and EUR/JPY. I was a profitable day, but the moves were not big, so I can not complain if the market did not move large enough. Here is a summary (I am uploading charts in a few minutes from now).


1. EUR/USD: The trade was profitable for all trades entered into. I took profits few moments ago and left one part of the position. You will also be able to see that I could not enter all position as the price stopped going up before the area of the top that was estimated. It is a good trade even if I did not enter a full position. No problem there. EUR/USD topped a little over 1.55, and my estimates of top was a few pips higher at 1.5513. Read my earlier post to find out the enteries, and rationale. I am leaving one pience which is now making 35 PIPS.


2. EUR/JPY: Similar to EUR/USD, the prediction that the top will be less than 166.67 was right. It stopped in that area, but not all my sell orders were entered into. But it also made a good amount of pips. I took profits, and left one piece in case of a down move. The piece I left is now making 20 pips.

3. The last entry to short the QQQQs was made at 1.43PM when NDX was at 1991 (please read the posts of earlier today). At that point I had already locked 7 NDX points (no much, but better than losses). After than point everything was good. I covered half of what I sold short at 1.43PM when NDX made a trip down to 1982 (another (NDX points), and left the rest for afterhours. The QQQQs are down to 48.60 area in other hours trading.

I also want you to compared where I shorted the QQQQs / NDX and what happened afterwards. It is important to understand that in trading the most important thing is to minimize losses. So if I can enter a trade and it goes my way immediately, I am in fact having a risk free trade, even if later the price takes me out with a small or a little gain.

In summary, we sold in area of tops ( for all three components). I did not want to play the QQQQs on the long side as it is in my view risky to play the market on the short side. Note that only the Nasdaq finished up, and you should be doubtful of that. The reason for it, and I will conver it in a later article.

UPDATE (8:53PM):

1. I put a stop to guarantee gains on EUR/USD. Current stop is at 1.54821. If I am stopped the gains will be about 20 pips, BUT be careful on WHEN and WHERE to short it. The strong seller are now NOT in 1.5513 area, but higher in 1.5525 to 1.5530 area. And it has to to show weakness before shorting. I will check it out later this evening or before going to bed.

2. EUR/JPY strong sellers are now in area of 167.80. That is my current area of shorting this pair. I am considering to take the 20 PIPS off is it is not moving down.

UPDATE (8:56PM):

I just took the profits on EUR/JPY in area of 167.45. I plan to short it as indicated in latest point 2 above.

Happy trading,

PS: Do not be shy to email me. I like to share, and would be happy to exchange with you. My email address is (you can send an empty email, it is fine): emailfinancialtraders@gmail.com

Forex Trading (currency trading) EUR/USD June 16, 2008

Forex trading ( Currency Trading). Pair EUR/USD. June 16, 2008 at 12:13PM, pair is at 1.5490 and strong sellers are at 155.14. Potential trade for short term (selling EUR/USD).

Two possibities: wait until it gets to the sellers and short, or scale in. Waiting is good for entry price, but can miss entry if price does not go to strong sellers.

I am deciding as I write this.

Addendum: I decided to scale in.


12:17PM: first "bull shot" at EUR/USD bulls. Sold at 154.89. Plan to scale in if prices moves, and then weakness shows. If it does not move up, I have a partial position in. Chart of entry is shown.


Here are the additions and where it stands now at 1:38PM.

I am now considering taking a 20 something pips profits on part of the position, after analyzing the chart.

Happy trading

Forex Trading ( Currency Trading) Euro vs, Yen, June 16. Shorting in area of 167.50 to 167.67.

Forex Trading ( Currency Trading) Euro vs, Yen, June 16. Shorting in area of 167.50 to 167.67.

I started scaling in. Chart attached. Details to follow.

11:10AM: EUR/JPY is now at 167.38. I have now more than 12 pips profits (unrealized profits). I am not done scaling in as there is a possibility that today's high might be retested (area of 167.70). If someone entered with full size or no scaling, I would trim the position a bit to lock some profits.

Happy trading

Stock trading June 16 , NDX at 1967, 10:20AM, take off any long, play short if you are skilled

Stock trading: NDX is now at 1967. I will play it on short side starting now (10:18AM) (or range bound from short side) with a reduced position size. Explanation later. I did not go long today at all.

10:51AM: NDX is back to 1966 area. Just enough for those who did not get out of long position. This is a tough market. I would stay from going long.

I would play only half of a normal position on short (or range bound from short side).

10:5ish: I got stopped out when NDX broke 1967. Stopped out when it crossed 1968. I will re-assess and see whether and where to enter.

11:03AM: I am re-rentering on short side with NDX at 1981.

11:25AM: NDX is now at 1972. I just applied RFT's "POEM" of trading (I will post the "POEM" later). In this case it means, I took half the position off (9NDX point gains). This gives me 7 point profits on the half taken off, and leaves me with a trade that is now guaranteed to make money. Therefore from now on, I am up at least 7 NDX points for the day. If 1981 is the top of the day, then I will have a free trade (half size) to play for a bigger swing. If NDX retests the high and fails, I might re-enter the half I took off with the 9 point gains. I will decide later.

1:43PM: NDX is now at 1991. I am re-rentering on short side again.

Forex trading (Currency Trading) EUR JPY June 15, 2008.

Dear readers,

I "normally" do not trade/work on weekends and evenings, but I just checked the market, and noticed that EUR/JPY has gapped up at the open. Since the equities finished up last Friday, it is expected. I will explain this point later. BUT, if you are like me and you want to play a short term trade (for the next few hours to early hours of tomorrow Monday (US time)), here is what I am doing.

I am trading with a reduced position (half of normal size).

8:30ishPM: I entered into 1/8 of intended size. Entry done in 166.55 area. I am scaling in. I will post a screen shot.

8:58PM: as predicted she reacted. I added a second 1/8 in area of 166.69.

9:01PM: another 1/8 is added in area of 166.7ish.

9:07PM: the fourth 1/8 of intended size has been added.

(Level to watch for is 166.85).

9:15PM: added more. My first radar is reporting sellers at mile 166.80 to 166.85 as we calculated earlier.

9:18PM: added more. Now the move up should be complete, and I am going to eat. I will give it time while I eat!

I closed this trade few hours later (on the early hours of June 16). It made few pips (around 5 to 10 pips), but nothing to making super rich. Chart of when and where I closed it is attached.

I would like to point out that the top for the time range considered above was indeed found in the area where it was forecast (in the area of 166.80 to 166.85.

Happy trading!

Edits/notes (evening of June 15):

1. I uploaded a copy of what I entered now.
2. My radar tells me that the sellers are now in area of 166.80 (as analyzed in previous posts).
3. Intended first target is in area of 165.80 to 166.00
4. At 8:54PM: I am already up 10PIPs (but she may reacts as the sellers are really a bit higher, but I am not done entering).
5. Now I have to enter management mode of current trade.
6. Send me an email (addess is below). You can send an empty email, it is fine.
I will share with my readers some secrets, and also I plan to put a room by invitation only to test some secrets. I will explain in the future.

Forgive my typos, but the message is more important than the style.

Happy trading

Email is: emailfinancialtraders@gmail.com