Just opened up my short position in accordance with the numbers stated below. The Euro rallied into a good supply zone that offered a low risk, and good reward potential.   Here is how the trade sets up:   — Short Above: 1.3445 — Stop Loss: 1.3458 — Target: 1.348… Read More

Over the past couple of days there have been MANY shooting star formations in the equity markets. As many of you know, this is my favorite trading pattern to look for. Williams Sonoma’s (NYSE: WSM) shares in particular happened on above average… Read More

Masimo Corp. (Nasdaq: MASI) shares are forming a  Bullish Harami at demand level on elevated volume. The big unknown is the holiday week and the lack… Read More

If you’re following Fibonacci Retracements, these tools have worked well in finding price support during the recent sell-off. Let’s take a look at two short-term Fibonacci Retracement grids on the S&P 500 and note where these grids converge. Read More

Feeling a little bitter with the big formerly American brewing company on Veterans day. Price has been very strong, including a runaway gap just recently. However, that momentum is running right into s strong supply zone which should give it some difficulty for further upside moves. Here is how… Read More

As I won’t be trading on Monday because of the event that I will be presenting at, I thought I would give one bull and one bear setup for you all. Both of these… Read More

After a stellar October, the US Equity Markets have paused briefly between two main bracket (confluence) levels. Let’s take a quick look at these levels on the daily chart and use these for trade planning: Let’s drill down to the simple levels and… Read More

A couple of days ago, GM came down to a 50% Fibonacci retracement level on decent volume. Thursday’s trading activity finished with a large hammer formation… Read More

A couple of days ago, GM came down to a 50% Fibonacci retracement level on decent volume. Thursday’s trading activity finished with a large hammer formation… Read More

I didn’t find any “WOW” trades today in the currency markets. In my conversations with Rick Wright on Power Trading Radio this afternoon, we talked about the benefits of using Moving Averages as an odds enhancer for trades. I noticed the Aussie… Read More

Two consecutive days with long topping tails, both of which holding at the top of the gap. Monday’s trading finished with a powerful shooting star at supply zone, and ended right on the lip of a nice gap. If we can break Monday’s lows, we could see a nice sell… Read More