Howdy All!

Having a fabulous month trading and it is my sincere wish you are doing the same!  Been a bit since the last post, apologies but life happens as I'm sure you're aware!  Quick vid with some trade discussions for yesterday with setup entry and exit review using support and resistance, trade size, volume and Bid and Ask information.  All while following the "+" marks the spot and trend direction of course...    Good Trades!

Greetings Traders!

This video discusses the power of the Multiple Time Frames and the market character.  When the market is soft, sideways, powerful large swings, or other, what do you do about it?  Who cares, right?  Well, we do as traders.  We need to recognize the tools we have and adapt or die...  When the market changes, shouldn't we change with it?  Well?

Good Trades,
​Trader Joe

Greetings Traders!
A quick note on something I'm seeing in the charts and that is on the daily chart I see an unusual presence of professional here at the top.  Usually I'd see this type of pattern at the tops and start looking for a reversal, but hold on a minute.  This is slightly different in  that the pattern (Pros bunched up here in circle) is somewhat sideways rather than on a nice exhaustion spike.  This tells me we have an "argument" here and if I were a betting man I'd say we have a break to newer highs before we hit fresh lows!  Now, as you know I don't predict per se, but this sure looks dandy.  Looking back in history I really don't see this happen on this timeframe often, well, nearly ever, so I'm out on a limb here but it's all a game of odds, right?  So my analysis says bigger picture up.  Will I take some shorts on shorter time frames?  Hell yes,  I'll take em' both ways...

Let me know if see a different picture, interested to hear your analysis and reasoning...
Good Trades!
Trader Joe  
​

Greetings Traders,

This is simply a real time trade I recorded showing the setup, entry and profit target of a day trade.  Sometimes followers want bare bones and don't want the "fluff" and after-trade explanation, so this is simply a "Naked Trade". Not much else to say, if it's useful, subscribe!  Questions, Ask! 

​Good Trades, Trader Joe

"Holy Rats in a Trap  Batman..."

Quick video today showing some of the dandy setups, entries and exits and what I saw in the charts while trading.  It was a great example of both Bull Traps and Bear Traps while trading the Emini S&P with the EminiEdge Indicators.  Following our trading plan and the defined trading strategy allowed us to make some profits on both the long and the short side by trading with the trend and a reversal later on.  The multiple time frame setups helped determine which direction to trade as well as the entry areas by identifying where the professionals and amateurs are showing up as well as the buy/sell exhaustion at the bid/ask.  The setups for entry do vary a bit depending on your trading strategy, trading plan and your risk tolerance but today was one of those days that had something for everyone.  Yesterday was one of those trend-less days when the choppy action ruled, but the indicators do a pretty good job at picking the peaks off and netting us some profits overall...  Hitting the resistance levels for shorts and support levels for longs is always a statistically better bet than trading those darn breakouts but emotionally it seems like the breakout is going to the moon.  They rarely do however, but the market does a good job at trying to trick us... but we know better than to fall for that, right?!

Good Trades,
Trader Joe

Hooya Traders!

Interesting trading during the holiday week of New Years, and volatility, WOW!  +100, +101, whatever it takes, right?  (Call out to anyone who can tell me where this remote reference is from :).  Anyhow, had a couple of dandy setups early on Friday and called it a day.  Also, wanted to share a professional trick that I learned from a mentor years ago that is really handy that helps identify where and when to enter on a pullback or bounce.  Hopefully it's helpful to you, really did wonders for me years ago, kinda helped frame up the price action, and uncorrelated to boot.

Lastly, trying a little different video structure  this year.  If all goes well should offer some improved quality for your viewing.  Any issues with it please let me know.  If this information is useful to you I'd appreciate a "subscribe", "like" and a "share" here...  (below the video).  Cheap at any price!

Good Trades,
​Trader Joe 

Happy New Year Traders!

With 2018 behind us and a brand new 2019 in our sights, I just wanted to take a moment to say "Thanks" to everyone for taking your trading  journey with me over the last year and thank you for letting me be part of yours!   Over the last year I've made some mistakes (probably too many :) but also made some good progress, ending up as the best year ever.  Trading is truly a path with continuous learning which will never be fully complete, but whatever your current status is you should be proud that you showed up, head down, and pressed on every day!  Most don't get that far and never truly walk the walk...  I sincerely look forward to learning even more with you in the coming year!

Wishing you a Happy and a Prosperous New Year!
Trader Joe

Rainbows and Unicorns Traders!
 
Quick video talking about the longer term picture and some of the possibilities I see down the road and this week’s  day trades on Friday.  This extra volatility is great for stretching the profit targets, especially shorts lately.  Had a few traders insinuate that I was a Buy The Dip trader, that’s funny shit!  I like shorts a LOT more that longs, they seem to move faster and farther.  My profits with my strategy favor the short side almost 2:1 per trade, so no BTD here, unless it happens to be calling for it…  BTD isn’t a strategy, it’s a slogan so be careful what you try to project to someone else!
 
Anyway, had a couple of winners in the morning and called it a day.  As always, note that when I talk points I always mean per contract for consistency so these would be scaled up when I trade, FYI.  Sometimes I don’t make that clear so just wanted to clarify.  I have evolved my strategy to the point to where I no longer scale in or out but am all in or all out, so scaling up contracts based on my risk profile is simple…
 
Hope you enjoy the video, and if so I always appreciate a share somewhere and a +1 where relevant.  Takes a lot of time to put these together so I hope they’re useful to you...
 
Good Trades,
Trader Joe

 Kinwa Traders,

Have this smiling inverse Head & Shoulders staring back at me on the daily chart.  Okay, I'm going to have to ask you to stop looking at me now, kinda freakin' me out...  Interesting that it is nearly a perfect pattern, including the professional bar right down on the head.  Conventional wisdom would say that a run through 2820 would complete the pattern and it sure seems likely.  I don't trade the long term patterns like this in my day trading but in some of the longer term investments...  Not sure why this is called a head and shoulders, looks more like a Praying Mantis to me...   Anyway, the 2700 is key support, much penetration and holding down there would break the pattern and probably cause an acceleration down as capitulation occurs.  Again, we trade what we see, not what we predict (okay, not quite right, I know) but I'm going to trade it until it tells me otherwise...

An additional observation, notice how the 2700 level is a line in the sand as indicated by the EEdgeTrend, there's exhaustion on the previous pulse and  divergence on the "head" of EEdgeVolume.  We've already mentioned the pro bar on EEdgeHeatMap...  How's that for non-correlated confirmation?  Cool.

Good Trades,
​Trader Joe