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Cool Beans
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So we are making a bottom. Wait... not so fast. Let's step back here a bit. The last down drift we just had in the markets " really " damaged the charts. So here we are looking for a bottom and a rally ... this may be a good story...... Continue reading
Posted Aug 12, 2011 at Objective Trader
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Base Building The Breadth charts are showing the bottom should be in. But price action is making most traders sea sick. What gives? Well... it takes time to make that bottom. We have already moved into my measured move... now I am expecting a few days to consolidate. I still... Continue reading
Posted Aug 11, 2011 at Objective Trader
Interesting Bob. The last few price bars has negated my Long set up for GDXJ.... it's still early in the game ... but I am looking for the next move to be a failed rally.
Toggle Commented Jul 31, 2011 on BLOG Suggestions at Objective Trader
saw this via surfing ..... might be of interest. http://blogs.wsj.com/washwire/2011/07/26/live-blog-the-u-s-debt-battle/ there sure is a lot of anger over how all of this is being done....
Toggle Commented Jul 31, 2011 on BLOG Suggestions at Objective Trader
Sure looks like. The way these financial markets are set up.... all direction comes from trading in NY. When Wall st is down for holidays.... it's very quiet globally. It's almost as if nothing is happening. So EWG will get it's footing when the Debt Ceiling thing is resolved.... as will other markets.
Toggle Commented Jul 31, 2011 on BLOG Suggestions at Objective Trader
I have just been following BCRM for a very short time. What you see in those charts is something that I have long suspected... News ... can not be trusted. When the charts build up like what I have shown and price is boxed in..... the break out will signal the new direction. As you point out ... Bad news all around and then this break to the upside... How does that happen?? And you are right... we not see this as a game changer....Japan is back in production.... big time.
Toggle Commented Jul 31, 2011 on BLOG Suggestions at Objective Trader
Well... that is something. Kind of hints a the very sort of thing that TK's video was addressing... algorithmic information. Now 2 hrs is a very narrow time frame. Could it be that in 2 hrs risk or perceived risk has come off the table?? Be interesting to see this sort of thing play against the futures contracts tomorrow evening.
Toggle Commented Jul 31, 2011 on BLOG Suggestions at Objective Trader
For my own interest I have done a chart on the EWG. I am being very hard on this chart... Boxed in price so it has nowhere to move... what ever way it move that will be the trade. Again No indicator other than line work. http://content.screencast.com/users/Cool_Beans/folders/Jing/media/4c004d3f-e899-4e37-a2ca-c318394bf726/2011-07-30_1645.png
Toggle Commented Jul 30, 2011 on BLOG Suggestions at Objective Trader
This merits a bit of looking at. Google is very sensitive to changes in wording. Perhaps that phrase is what should be googled and the number of returns logged and charted. Just wonder if that could be done and be worth the effort.
Toggle Commented Jul 30, 2011 on BLOG Suggestions at Objective Trader
This is a post on BRCM I have taken bars out to make up this chart. This shows how this could/does work. As always ... when it works it works well. the BCRM chart as it looked a few days back. http://content.screencast.com/users/Cool_Beans/folders/Jing/media/a6dba66a-a610-470d-98ca-76c8e12879ea/2011-07-30_1621.png Updated BCRM chart. http://content.screencast.com/users/Cool_Beans/folders/Jing/media/9e68f7ae-63c4-40c4-b3be-25c6a51843f9/2011-07-30_1625.png When both longer term and short term are in agreement... you get a very nice move. Hope that this helps someone understand the method a bit more..
Toggle Commented Jul 30, 2011 on BLOG Suggestions at Objective Trader
Those charts display nicely done. your tech support is very good.
Toggle Commented Jul 30, 2011 on BLOG Suggestions at Objective Trader
Your thinking that the number or returns could be used as an indicator.. as in sentiment??
Toggle Commented Jul 30, 2011 on BLOG Suggestions at Objective Trader
This is a follow up on a post I did for FMCN It was expected that we could see a break to the upside. This did not happen... so this would result in a no trade. However this still has some potential for a break out,so should be watched. I would expect this to develop some downside, so once we see some strength that should trigger a buy signal. I will follow up on this later. No wiggly line indicators on this one ... no Oscillators... just lines and price action. http://content.screencast.com/users/Cool_Beans/folders/Jing/media/c10451d2-4ad5-4917-b6b0-208e10b92ca4/2011-07-30_1554.png
Toggle Commented Jul 30, 2011 on BLOG Suggestions at Objective Trader
The comments feature is getting better all the time.... edit feature works very well.
Toggle Commented Jul 30, 2011 on BLOG Suggestions at Objective Trader
All of this is kind of stinky. When Greece was almost a default the markets kept going higher. Now that the focus has shifted.... we are moving lower. Makes one wonder
Toggle Commented Jul 30, 2011 on BLOG Suggestions at Objective Trader
This gal should be the poster girl all traders. http://content.screencast.com/users/Cool_Beans/folders/Jing/media/6ff1b528-880e-46bc-82f4-4485eb3f1587/2011-04-06_1355.png
Toggle Commented Jul 30, 2011 on BLOG Suggestions at Objective Trader
well.. looks like we have elves working in the background here... now have and edit and delete feature... wonderfully done.
Toggle Commented Jul 30, 2011 on BLOG Suggestions at Objective Trader
BDI... here's another pic of her. http://content.screencast.com/users/Cool_Beans/folders/Jing/media/d227d5b4-47b2-40d1-8cd5-fad2b7d54ee7/2011-07-30_1500.png
Toggle Commented Jul 30, 2011 on BLOG Suggestions at Objective Trader
test
Toggle Commented Jul 30, 2011 on BLOG Suggestions at Objective Trader
isn't that a pic of Natalia Nikolaevna Zakharenko...
Toggle Commented Jul 30, 2011 on BLOG Suggestions at Objective Trader
Very funny... I have see sites that started like this and in two months became subscription. Let's see how this goes... hope not. I like this blog and Barter's calls are very good.
Toggle Commented Jul 30, 2011 on BLOG Suggestions at Objective Trader
Barter... for just opening the blog... this is starting to really look like a quality product. Thanks
Toggle Commented Jul 30, 2011 on BLOG Suggestions at Objective Trader
BDI... is this chic still hanging out over at our house?? http://content.screencast.com/users/Cool_Beans/folders/Jing/media/25bb069d-d189-4476-a678-4b21c5e5d7be/2011-04-03_0942.png
Toggle Commented Jul 30, 2011 on BLOG Suggestions at Objective Trader
That guy is pretty good. Always like his opinion
Toggle Commented Jul 30, 2011 on BLOG Suggestions at Objective Trader
yes...I was somewhat disappointed in your timing on this one. The idea... was right dead on. Don't let anyone tell you different.
Toggle Commented Jul 30, 2011 on BLOG Suggestions at Objective Trader