Mid Day Chart 7-23-2014

Mack

The trend is up so far this morning and prices continue to work higher.  I see a clear two tiered channel so far, and it seems to be holding prices nicely.  My...

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Mid Day Chart 7-22-2014

Mack

So far this morning, the trend has been up.  I see an original channel that appears to be far too steep, and that has now flattened out into a two tiered channel...

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Mid Day Chart 7-21-2014

Mack

So far, the trend is down this morning.  It appeared prices would find support around 1963.50, but prices were finally able to break through and continue lower.  I see a tighter two tiered channel

One Legged Pull Backs

Mack

Often I am asked about first entries or when is it OK to take one legged pull backs to the EMA or trend line.  The answer to this is rather simple, although...

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Mid Day Chart 7-18-2014

Mack

It has been another excellent trading day thus far, and I have already met my goal today, so I am finished with my trading for today and the week.  I see a...

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Mid Day Chart 7-16-2014

Mack

I just noticed that this never published yesterday?  Not sure what happened, but it was ready to go by 9 AM CST?  Sorry that I failed to post it and then I...

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Mid Day Chart 7-17-2014

Mack

I was a little later than normal getting this out this morning, so I apologize.  However, I got involved in a nice trade, so was holding on working on the mid day...

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Mid Day Chart 7-15-2014

Mack

Let’s hope that the price action picks up a bit today after the slow and low volume day we had on Monday.  So far, it’s looking like it could be another range...

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Mid Day Chart 7-14-2014

Mack

We had a tight channel that was trending higher most of the overnight.  That channel had a break and a successful retest, and now the market is correcting.  This is a good...

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Failed Second Entries

Mack

I get a lot of questions about this type of trap, and rightfully so, as it is a very powerful pattern.  So powerful in fact that it alone could allow you to make...

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