Monthly Archives: February 2007

For some reason my data provider (eSignal) always includes several hours of holiday trading in their feed, and although I can screen it out in the S&P Futures, it still shows up in the Russell 2000. If you can ignore … Continue reading →

There was a nice Fibonacci Cluster at this morning’s bottom using a 15 minute chart that shows the entire week’s trading. Unfortunately the setup was heading back into the congestion of the last two days, so I wasn’t willing to … Continue reading →

One of my main uses for longer term charts (anything from 15 minute to daily) is to decide how enthusiastic I am about finding trades. If we are in a trend on a longer term chart, I’m actively looking for … Continue reading →

After two days of intraday sideways movement, it looked like we were going somewhere this morning. At least for a while. The first pullback was a nice 50% Fibonacci retracement, and it had a different character from what has happened … Continue reading →

Yesterday’s I gave an illustration of using the early range as a filter for later trades. This is really just a more generalized example of a technique I have pointed out before – defining congestion as not being able to … Continue reading →

Sometimes sideways movement is full of Fibonacci ratios and perfect channels. Sometimes it’s not. It’s always easy to look back at a day’s action and say “Today was not a good trading day.” I’m always searching for a way to … Continue reading →

The market has had plenty of opportunity to move higher over the last few days, but the Russell just couldn’t seem to build up any momentum after its breakout last Friday. This morning gave an opportunity for an early short … Continue reading →