Thursday, October 6, 2011

Rant, I cant rant this ranty, A bit too angry, channel that anger

Steve Jobs

From a guy at work:

"Remembering that I'll be dead soon is the most important tool I've ever encountered to help me make the big choices in life. Because almost everything -- all external expectations, all pride, all fear of embarrassment or failure - these things just fall away in the face of death, leaving only what is truly important. Remembering that you are going to die is the best way I know to avoid the trap of thinking you have something to lose. You are already naked. There is no reason not to follow your heart. ... Stay hungry. Stay foolish." – Steve Jobs

RIP Mr. Jobs, Job well done.

I've always been foolish...but I've lost the hunger.  Hope you do better!

"I've dug myself into a comfortable rut and I'm not about to dig myself out of it now"
    -- Marge Simpson

Wednesday, October 5, 2011

Bearish for the moment, Fear Factor, VOS, FHS

Fear Factor
FHS (Frankenstein Head and Shoulders Restest)
Cable struggling with a trendline resistance.

VOS Volatility on Steroids, a ratio of current and future volatilities.  Possibly a high flying flag, which could portend another spike up in this volatility, just when everyone is thinking that Europe is all good.     HBB (think Lucy) pulls the football away from Charlie Brown and throws it in the punchbowl.

Using Channels for support and resistance, bounce points, new waves

Tuesday, October 4, 2011

Clarity by Charts

Well we expected long, but that was kind of amazing, the pychobots have really got the game nailed, along with the ability to just ram the market at the bears.

That "walkdown" orderly drop of the market to nail the 78 Fibo retrace on the day ( probably scared out many longs who saw nice profits disappear).

This is a currency game.  We have all been reduced to currency traders.   Fiat rules the roost.   What a sad state of affairs our so called market have been reduced to, even when I can profit from those shenanigans. 

3 charts for clarity, Cable may run up 1% or so, but then it really has to decide....breakout or breakdown.

At the bottom a nice indicator chart by Breakpoint Trades.   Sign up at this site, costs no more, gets me some free membership time.

Monday, October 3, 2011

BPT Free Report

BPT has offered for Hawaii Trading to present this free full on report with Audio Overlay.

Enjoy. Sign up when you are ready. BPT does this everyday, and Sunday. Why go it alone?

Example trade idea, sure they all went down, this pattern is sweet though, even in a bounce this could be a backtest and more down.

Put call quite high very high

Put call extremely high. Perhaps everyone is right, and we are about to, for a change this time, fall off the edge of the flat world.

That end of day looked quite like some capitulation bottom, good enough to be believable.

Plenty of fakeouts. I went into Sunday short, and that worked great, got stopped out of short late late night Sunday like 4 hours before the open, as I was protecting profits. Typical that they just barely hit my stops and I missed a goodly amount of more profit today. took some trades today, but the fakeouts on Cable were tremendous, perfect. Cable, ES, and Euro are all jockeying around key Bernoulli channel support line. Tiring out those who are watching, then when you take your eye off the ball....BOOM, the big move.

The psychobots sure have become good.

 from Sunday