Thursday, June 03, 2010

New blog

Henceforth I will be posting on my new blog http://bankrobbertrades.blogspot.com/
FnG blog will remain active for archival purposes.

Q games

Similiar to the morning QQQQ game it did the same thing here. My cue to exit my long was the lack of volume on the pop. Notice how the volume is lower on the last green up candle then the preceding one but the price kept rising. Only in bizarro world does that stick so it said to me sell the longs and go short. It dropped rather violently for 20 minutes after this.
Pay attention to these signals!
Get ready for the afternoon sesh, it may be a good one, lots of market movement today.



at the same time I shorted FTI below, I also shorted TNA. Same thing , I was waiting for the false uptrend to end. It was so obvious its like I had a crystal ball telling me what to do. Down it went. Perfect entry perfect exit


TNA short










TNA cover,profit taking and long













TNA sell, profit taking and short


This market pop I went along with for the sake of following the path of least resistance but I was looking for when this false up move would end. Frankly I thought nobody really wants to buy this crap today.

FTI short











FTI cover, and profit taking



Some good trading today. I woke up early this morning because I had something stuck in my tooth. Anyway, the markets looked weak so I took FTI short among others.
First chart is QQQQ after it does a no volume pop. I added to my postion here, chances were that it was going to drop. It did.









FTI short
















FTI cover, taking profits and going long

Crash

keep on your toes, there is a lot of money to be made today while the markets are crashing
increase your size, push it, play the pops when they come.....

Tuesday, June 01, 2010

Tasty TNA part 2


TNA continued to give good entries all day. 15 minute chart showed a doji at this point so a short back on the original trend suggested the best direction to trade in. Once momo took over, down it went.

TNA short entry














... profit taking 5 minutes before the day ends.