Don’t Stop Playing a Winning Horse

Preparation and Confirmation.  This morning in our preparation I discussed the British Pound and how it has had the hot hand in our strategy lately.  I believe it is important to recognize when a market is showing great responses to your strategy and to continue taking those trades until proven wrong.

The British Pound has been very responsive to our 60 minute levels and has been having good rotations on both sides of the market.  Therefore, telling us that if we see trade alerts from our strategy along with some short term confirmation from our Beacon Divergence indicators, we should jump on those trades regardless if they are longs or shorts.

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Correlations Lead to High Probabilities

This morning I posted on Twitter & talked to our traders in our member area about the Dollar being the key to watch for potential leadership in Gold, Euro, and Crude.  The Dollar was hitting resistance at 97.50 at the same time we were testing support in Crude (43.44) and Gold (1314).

Both Crude and Gold had gotten just below our big picture support, but our short term levels were still in reasonable distance to our bigger picture levels.  The fact that the Dollar was hitting resistance and we saw a reaction to the downside, that gave us an indication to look at long opportunities in both Crude and Gold.

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Trading Futures During Earnings Season – Trade Setups 7.19.16

This morning we were focusing on the ES, YM, and NQ.  2152 in ES, 18,443 in YM, & 4597 in NQ.  As I have mentioned many times before in my posts, I use bigger picture support and resistance lines for my bias and short term charts to execute those biases.  This morning we had some divergence with the Nasdaq trading the weakest, the Dow trading the strongest, and the ES right in the middle.

Not a surprise to see divergence among the Indices during earnings season.  Typically during earnings season traders can get chopped up because of divergences.  From years of getting myself chopped up in these types of markets I’ve learned to stay small and watch to see how the other markets react when one of the other markets gets stronger or weaker.

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Morning Preparation Leads to Gold Short – Trade Setups 7.18.16

In this pic (left) you will see how Gold was hitting our 60 minute level. On the right 1-minute chart Gold got a new set of Beacon lines near the 60 minute level and Beacon alerted a short signal.

This morning in our member area I talked about focusing on Oil and Gold today over ES because that’s where I saw the opportunities.  I’m not just pulling those markets out of a hat, it all comes from morning preparation.  I scan about 5-10 markets to see if we are testing bigger picture levels.  I then work my way down to shorter term charts to see if the short term charts can help us execute a trade for that day.

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Beacon Nails Bottom in Indices – Trade Setups 7.6.16

This morning in our member area and on Twitter I discussed the importance of three different levels in equities.

  1. the 2064 level in ES-E-mini S&P
  2. the 4369 in NQ-Nasdaq
  3. the 17,629 in YM-Dow.

They were our orange lines on our 60 minute Beacon Indicator.  That is our middle level, or better known as our pivot level.

If the bulls failed to hold those areas with hourly closes below them, we were anticipating steep declines the rest of today.  That being said, if we held those levels we were looking for a strong rebound in ES, YM, & NQ.  When we have a key area on our longer term charts we then look to our shorter term charts and strategy signals for indications to confirm or contradict our longer term bias.

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