Friday, March 15, 2013
Derivative Concepts: COTTON AND NATTY GAS
Derivative Concepts: COTTON AND NATTY GAS: Back on the 25th of January the post below on Cotton and Natty Gas went out recommending to enter buy signals and to expect higher prices i...
Monday, March 4, 2013
ESH13 3-4-13
The ESH13 failed to make a bearish breakout simultaneously on both the Weekly Profile and the Daily Profile. No candle body close below the midpoint between MS1 and MS2 which generates a buy signal as the Zone-Trader applies Rule 8 and expects the market to revert back to the Zone-Trader Pivot the Weekly ZT Pivot was at 1517.25, and the Daily ZT Pivot was at 1513.25. The buy signal was generated at 1512.75. Also the market opened inside the PZ on both the Weekly Profile and the Daily Profile so the bulls and the bears were fighting for control of the future direction of the market. On the Weekly Profile the market was trading above the midpoint of the Persistence Zone in the bullish half of the defined area giving upside strength or bias. On the Daily Profile the market was oscillating around the midpoint of the PZ then made a move to the bottom of the PZ but the bears failed to take control of the market the time filter did not hold below the bottom and this occurred simultaneous to the failed bearish breakout, providing the Zone-Trader with alignment between the Directional and Control Bias's. The market reversed as was expected and then proceeded to trade back to and break above the top of the PZ and held the time filter telling us the bulls had taken control of the market on the day. The market also broke above the top of the PZ on the Weekly Profile and the bulls are currently still attempting to take control of the market on the week.
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Friday, March 1, 2013
ESH13 3-1-13
The Zone-Trader Philosophy intuitive based trading methodology setup 2 text book trades that created the swing from the short yesterday being signaled on the Weekly Profile to the Buy Reversal today which was setup on the Monthly Profile.
The Monthly Profile had made a bullish breakout yesterday got the candle body close above the midpoint between MR1 and MR2, which tells us to buy the first retrace Rule 1. Once the Bullish Breakout is established it is like a footprint in the market. The footprint being stamped creates the ability for the market to retrace since the breakout has already been established and the market will take one more leg up on the Monthly Profile.
The Weekly Profile was generating Rule 2 a failed Bullish Breakout no candle body close above the midpoint between MR1 and MR2 and the Bears are in control of the market on the week since it opened below the PZ depicted by the 2 orange lines. The bears looked to be maintaining control of the market and with the Rule 2 trigger the alignment between the Control Bias and the Directional Bias was established which increases the probability of winning. This suggested that the Monthly will most likely go into a retrace phase after making the Bullish Breakout. So we sell and take the entry provided by Rule 2 and expect the ESH13 to revert to the Zone-Trader Pivot in White at 1503. We then expect support to start kicking in between that price level and the Zone-Trader Pivot on the Monthly at 1500.50.
So we put a reversal buy limit at 1503.50 to take profits on our shorts and get us long to catch the second wave on the Monthly Profile which is the Bullish Trend Confirmation Wave. Also bulls are in control of the market on the month so we again have alignment between the Directional and Control Bias. We are currently still long and holding with stop at 1513.75.
Zone-Trader Philosophy like taking candy from a baby.
Beautiful Swing trade setup by the Weekly and Monthly Profiles. Can't get much more textbook or accurate then that.
www.derivativeconceptsinc.com
http://www.liquidnitrogenoverclocking.com/partner_id_008_high_speed_trading_servers.shtml
The Monthly Profile had made a bullish breakout yesterday got the candle body close above the midpoint between MR1 and MR2, which tells us to buy the first retrace Rule 1. Once the Bullish Breakout is established it is like a footprint in the market. The footprint being stamped creates the ability for the market to retrace since the breakout has already been established and the market will take one more leg up on the Monthly Profile.
The Weekly Profile was generating Rule 2 a failed Bullish Breakout no candle body close above the midpoint between MR1 and MR2 and the Bears are in control of the market on the week since it opened below the PZ depicted by the 2 orange lines. The bears looked to be maintaining control of the market and with the Rule 2 trigger the alignment between the Control Bias and the Directional Bias was established which increases the probability of winning. This suggested that the Monthly will most likely go into a retrace phase after making the Bullish Breakout. So we sell and take the entry provided by Rule 2 and expect the ESH13 to revert to the Zone-Trader Pivot in White at 1503. We then expect support to start kicking in between that price level and the Zone-Trader Pivot on the Monthly at 1500.50.
So we put a reversal buy limit at 1503.50 to take profits on our shorts and get us long to catch the second wave on the Monthly Profile which is the Bullish Trend Confirmation Wave. Also bulls are in control of the market on the month so we again have alignment between the Directional and Control Bias. We are currently still long and holding with stop at 1513.75.
Zone-Trader Philosophy like taking candy from a baby.
You can watch us trade. Register for a 2 week free trial
www.derivativeconceptsinc.com
http://www.liquidnitrogenoverclocking.com/partner_id_008_high_speed_trading_servers.shtml
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