- Been a while since i posted.. Here's a set up i took on the GBP currency.
- Set ups are based on the 60 min and taken on the 233 tick or 5 min chart. The EMAs were all above the 50 on all time frames except the daily.
- My larger target was the 50 EMA on the daily, which has major resistance from previous Lower High, weekly R1 and days R2, all in red.
- This workout perfectly, I plan to re-enter on a break above resistance next week..

Note:
- if you notice my chart colors are also based on the RSI trending, which work out very well without looking at it. Price is my driving force not indicators.

- In my presentation today, i have a scalper's dream strategy all on chart. You'll probably never need another chart in your trading life. By combining my customized 5 or a 10 min chart with my 512 tick chart you get the best of both worlds. I call this "undo blind folds" strategy.
- The Time based charts are customized with a stochastic to give the trend. In the charts above, the trend is set in the 5 min and scalps revealed in the 512. This allows you to trade effectively in fast markets by buying the dips(red spots) and selling the rips.
- the 512 will also confirm trend of the 5min, shown by my custom ema, which turns red(down slope) and green(up slope) . Buy dips on upslope, sell rips on a downslope
- The macd on the 512 helps with exits, since it's a lagging indicator and divergence..
-Also noteworthy is the nyse tick indicator, embedded in the 5 min charts, for market internals..
- Enjoy....

note:
- If you need your own customized chart and detailed explanation of the strategy, please leave a note.. A donation will apply..
- The strategy is excellent for forex traders, especially trading futures contracts..

- Another eventful day, huge gap down caused by some Greece news. Fall didn't make sence , since Eur/usd and gold were up. Greece issues would hammer the Eur/usd or a dollar strength, but that was not the case. Things didn't add up, so i was looking for a gap fill to the up side; any reason to buy.
- And i found that reason, S2 seemed to hold with a lower high morning, so i bought the break supported by the 512 tick chart ema alignment. I was Targeting S1 at least.
- Another perfect play..

Tally:
+8pts ($400/contract)

- Today i employed a 512 tick chart to complement my 10 min chart. Just another assortment of ammo in my collection.
-Played out quite nice with the morning decline after a crappy consumer confidence. With the decline noticed the ema alignment 10>20>50.. The tick chart dowulble bottomed and a nice litle dogi on the 10 min appeared. So i took the signal with prices above the 20 ema on the tick chart to support the move.
- Prices prety much zoomed from here. That was it for the day.. A nice 7pt before i could finish my morning coffee.

Tally:
+7pts or $350/ contract

- Today's target area after the break of the down trend friday was the gap from a week ago.
- The morning alignment of the emas was encouraging as R2 got taken out. Of-course with a tight stop at morning lows and /or below the 200 ema.
- The trade played out all day ,as they gravitated to the gap and sellers' failed attempts to stop the match on.
- Took my profits EOD. We've got a gap not filled below today's low and a 200 ema on the 1 hr.
A gap fill might be more bullish with a neckline at current levels on the head and shoulders formation on the 1 hr.


Tally:
+10 es points ( $500 /contract)

Es and EUR swing trades

- Couple of trade ideas for swing trade. I'm holding a short on the EUR , just because the moves are grand when they do and the downtrend is so intense that a move is likely to those targets..
- Notice the similarity in the back test of the falling wedge, thus lower highs and lower lows.
- Good luck.

- Fridays are quite tough to trade, but an opportunity came i couldn't pass.
- The sell off was too intense that a let up was met by intense buying and short covering with a stratospheric VIX.
- patience was the mantra for me, since Fridays can be quite choppy. Volume came in on the high side with a break of the down trend and S1, just check out the cluster of tick max dots on the 3 min chart..

Tally:
+10 es points ($500/contract)

notes:
- Looks like a continuation is likely to the down channel on the daily, about 1085 or so. Looks like we just witnessed a washout,leaving a bullish doji candle stick.
- Monday, i'll be looking for a slight gap down to buy, if today's lows hold. Let see how this turns out..

- Haven't traded since the breakdown of the rising wedge just because it fell so far so fast, and confused as to what kind of markets are trading bull or bear.
- Anyway today was a fantastic day with great set ups,which i did play multiple contracts to maximize a beautiful setup on the 5 min and a bullish wedge break on the daily.
- The EMAs were all in alignment 10>20>50 ,VWAP held(blue dotted lone), an up-trending MACD and oversold state in the daily.

conclusion:
- Day-trade buy @ 1087 stops lows of the day, target R1 and then R2
- All target hit for a nice handsome gain for the day.

Tally:
+10 ES points ( $500/ contract)

notes:
- I'm actually looking for a lower high set up on the daily for a swing trade to the downside going forward given the markets retraced far enough to warrant a possible lower low or a lower high. Interesting to see what tomorrow brings since we stalled right at spx 1100..
If this hold 1120 is possible.

- After thursday and Friday's plunge, we had a quiet day finally. News has dominated the markets so far with the president and fed governorship.
-Anyway quiet days give for quiet trades. So took a long, it seemed sellers were taking a break today, so i faded the second down tick, supported by divergence and a trend-line break. The trade was slow in the making however, it seems buyers were not ready to step up yet. That was confirmed with the pivot failure later in the day..

conclusion.
- shorts in play, but was able top squeeze out a long, hoping for a throw back rally to R1 or R2...

Tally:
+3 Es points ( $150/contract)

- The lower high scenerio on the daily and 1 hr charts played out breaking the 1130 mega support.
- I was not available to take the trade, whic obviously could have been huge. Anyway, between missing a trade and losing money, i'll take the former, any day.
- I however saw an opportunity to back test the S1 from S2 when a divergence presented itself. see 5 min chart. Being the only trade i took for a day trade, i ended up flat. I thought i hold through my target 1 which failed miseably.

Tally:
No gain..

notes:
- ES is at the 50 ema, which might give support for a back test of the falling wedge on the daily or the 20 ema.. We'll see how that plays out.
- The plunge though had the huge volume and closed at lows. Goog sell off as well. So tomorrow might be a gap down day, then an opportunity to get back in for some retests. I'll be watching for that. Fridays can also be tricky after a big move, ending with no much conviction on either side.

- The good 'ol days seems to be back. Big intra-day moves that could translate to big profits with the right mind set and strategy.
- Today was a big downer,over 200 pts in the Am, with currencies and commodities help.
- I noticed a divergence along the big support levels of 1130 on the SPX. That offered a trigger buy with a trend-line break. My stop the 10 ema.

conclusion:
- day-trade long @1128
- Target1: VWAP/ Previous Lows (red dotted line)
- Target 2: S1
- extended Target 3: 200 ema

- All targets hit..

Tally:
+4 ES points ( $200/contract)

notes:
- seems like the markets forming a lower high, that might eventually lead to a breakdown below 1130. So can't hold a swing overnight yet.
- Gold is down huge, dollar strength huge. Looking to see if markets will follow..

- Normally i don't trade big news days and to make it worse option experation, simply because too many trend anomalies and emotions . However, im happy to get back in after heads cool off.
- Well i notice divergence as the selling intensified, notice the tick gone wild, red dots. Notice the intensity decrease.
- I also did notice a a trend-line support on the daily, stacking the odds in my favor..

conclusion :
- Day trade Long @ 1128, stops lows of the day @1127.25.. Pretty small risk 1: 3
- Target VWAP @ 1133.25
- Overnight long was stopped at break-even..
- Target hit..

Tally:
+ 5 ES points ($250/contract)

Notes:
- possible break of that trend line, so watch out if today's lows are taken out in the coming days. 1130 on ES acting as a major support, now 1150 on spx acting as major resistance.

- Today was a choppy advance with buyers aggressive, see tick activity in green.
- VWAP held price all day with the EMAs 10>20>50 and an ascending trend-line intact.
- Notice the little bull flags during ascent.
- All time highs taken out , and I'm looking to hold a swing long overnight on half. Intel earnings good, so looking for a little more boost tomorrow.

conclusion:
- Long @ 1142.5 ,stops below previous day's close and VWAP
- target 1 previous high and then R1
- 1 targets hit, holding the rest overnight

Tally:
+ 3 ES points (150/contract)

-Today was a gap fill day, from Monday's drop ,see 1hr chart. Perfect fill.
- It worked as a magnet all day long..
- I have to be honest i missed the entire day today except for a couple scalps later in the evening.
-If i were to play it,it would look like the 5 min set up above.
- buy to fade an extreme down tick (red dot) or wait for the declining trend-line break and buy a VWAP breakout @ 1132.5.
- help for the trade would have come from the emas, 10>20>50 , and/or the ascending trend-line as a stop area.
- also notice the falling wedge towards the close..
- my targets are potential resistance area to pay attention to i.e target 1 (day pivot), target2 (previous days high), target 3 ( resitance R1)

Hope that helps.. Great day to trade though.

Note:
-The 1 hr could go either way, double top potential formation,unless we breakout to new highs. - - There's this long falling wedge that could trigger a correction down the road.
- Thus a close below today's low @1129, could give life to a correction..

- The corrective move i anticipates has come, not sure where we go from here , I'm just going to follow price.
- My trading system played well into the weakness, utilizing day's pivots to determine support/resistance areas and tick volatility to determine where volume's moving to.
- Thus an opportunity to short for a day trade. Support S1 and yesterday's low (dotted red line), held price down. Took a short below VWAP (dotted magenta line).
- Held through the trend line, taking some off at S2 as price dropped.
- Notice how sellers were aggressive to hit exits as tick alerts increased ( red dots) .

conclusion:
- Shorts @ 1136, stops above S2 @ 1138.
- Initial target S2 then yesterdays s2.. All target hit..

Tally:
+6 ES points ( $300/ contract)

- Today's action was caught between the VWAP and day's Pivot, narrow range
- I changed my Tick trigger to 800 to get more alerts and a good feeling of who's doing what. Looking at today's action, the buyers remained aggressive triggering more alerts.
- Thus i took a position, for a day trade at the pivot, since sellers were not pushing the exits.

conclusion:
- Long @ 1139 stops below pivot.
- targets - yesterday's highs. Target hit and exceeded.. Eeking out a 3 pointers..

Tally:
+3 ES points ($150 / contract)


note:
- longs still good, but i'm getting cautious with the Hourly macds in the negative and the posibility of some type of corrective move..

- Stops triggered on yesterday's 1/2 position @ 1130. However, the yesterday's lows (red dotted line) held given support S1 @ 1128.
- Got back in @1130 with a stop below support..

conclusion:
-Longs still in play.
- Initial target R1 @ 1136 on a break of yesterday's highs( Green dotted line).
- Stops are now below Pivots 1131..

Tally:
+6 ES points ($300 per contract)

** target hit tommorrow is a big day ,with big swings up or down **

- Stops have been moved to todays lows@ 1130. I'm hoping we hold those.
- Initial target met @ 1134.5, took some off, holding the rest for a breakout.
- it's now a free trade.

conclusion:
- Longs still in play. Wary of a possible head and shoulders formation on the 5 min chart..

Tally:
+6 ES points (($300 per contract)

Tick sentiment Jan 5 2010

- Yes , I'm back..Happy new year folks..
- Bullish start for the week. Tick extremes still kicking with bullish sentiments.
last day of the year recorded a down tick with a low @ 1109.75. I couldn't get myself to buy, lest a full blown correction was to start.
- Anyway got an opportunity today later in the afternoon at the 50 ema off the 15 min chart after the fade from the highs in the Am.

conclusion:
- Long @ 1128 with stops @ today's lows.
- initial target S1 1135 and target2 @ 1140 or S2