Markets are pretty dead with not much moving at the moment.

Gold/energy creeping up a little. May be a good day to cut out early....

TCK

ERX

GG

Pot stalled at the top. Check out doji on 15 minute chart

POT 15 minute chart

POT

And every single one of those high probability setups can fail just like that. Market fizzled with the shizzle. They all look to go the reverse direction now.

FAZ etc. they are all the same

Zion as well

Add this one to the previous post. All of these in strong trends, and hiotting new lows or highs.

Short FAZ

Some examples of high probability set ups

Short SKF

Long ERX

Long TNA

SKF FAZ minnows never took off

FAZ

SKF

Gold is falling back

ABX

GG

Can SKF and FAZ be bottom fished? I'll bite...

SKF

FAZ

Gold rising may not be good the markets. GG ABX making new highs

GG

ABX

AIG is rolling over

I'll take that big pop, take profits and trade them the other way. If its a pullback I've protected my profits, if its a direction change then I'm ahead of masses. Quick market action now so I won't be posting much until it slows...

TNA

FAZ

FAS

ERX

FAZ is cliff diving, making new lows, probability is to go lower

stopped out,took the loser in ERX short and long again

Taking profits in ERX and shorting it

Covered AIG as it flatlined.

AIG stalled when markets popping so I'll sell it and trade it short. Just goes to show that perfect setups can fail just as easily as a total dog. Strong uptrend, hitting new highs, markets poping what more could you want?I don't buy into the conventional wisdom of only waiting for "A" trades to come along.

many stocks hitting new daily highs at the moment. Momentum is up and probability favours long trades. Protect yourself from the unknown by placing a stop at the point your decision will be proven wrong. Then Sell or short them.

TNA

FAS

ERX

AIG was a very profitable trade on Friday. Today it shows same pattern.