after some market argy bargy, a few losses, a few winners,

TNA goes higher

sell/short TNA pop on QQQQ doji

fast market conditions

stopped out SKX on massive market up move

start of the afternoon session, SKX has made a big bounce. now you have to ask yourself, is it just a short squeeze or has something made people really want to buy it? are the buyers in control again?

I'll sell this pop and short it again. if it goes higher then i'll change my mind.

short ITT

cover ITT

decent short in TNA

cover TNA

Groundhog day

We were here yesterday weren't we?

SKX.

New lows.

Short.

Add size.

Wait.

Cover .

Play the probable bounce.

Go where the money is

My reoccurring theme here is to make things as simple as you can. I do this because simple equals easy and the easy way is what I look for to do when I need to make rapid decisions for 5 1/2 hours a day. I don't need to take in multitudes of indicators in order to make a trade.

SKX is shown here as it breaks to new lows. That is my signal to short it. I act on the signal.

SKX goes the way probability suggested it might so I add size.

SKX keeps failing so I am letting it make me money by keeping in the trade.

It gets to the point though where it becomes prudent to take the $2+ run in profits and I cover on the biggest volume candle of the day, which not coincidently become a doji on the 15 minute chart. That is a signal to go long.

Signals are what you are after. The market tells you what to do if you are prepared to listen to it.

This trade was very easy with no fakeouts or misdirections. They aren't all like that but you never know what will happen so it's best just to go with the flow.

moments later 15 minute doji appears

time to go long

sell the long

Simplicity works best

Here are a couple of trades that illustrate a simple style that anyone can put into practice. You won't impress people at cocktail parties much with a lack of technical mumbo jumbo but you will be able to execute this type of trade time after time due to its nature.

BTU making new highs, buy it,

BTU stalling volume after big candle, sell it.

ANR making new highs, buy it

ANR stalling, sell it

Kids these days!

So I was teaching my 5 year old daughter the basics of trading again earlier today. Green candles tilting up you buy, red candles going down you short sell etc.

Later she was busy playing tea party with her dolls when I stepped out to the kitchen to get a snack.

When I came back she was sitting in my chair and looking very pleased with herself. "See daddy see, I bought it and the green candles are going up"!

What! The little devil bot some TNA I had keyed up and had a .18 gain already. Alright sweety, good job, please give me my chair back.

I put a stop in and sent her to get a chocolate chip cookie as a reward.

Trade what you see!

Rocketships and Piledrivers pt.2

Here is another rocketship. MDCO. I didn't catch any of the long and so was watching for the momentum to exhaust itself. Gravity usually takes effect on a huge move like this. The trick is all in the timing.

Right after the new candle begins I initiate a short, place a protective stop above the high of day so MDCO would have to make new highs in order to stop me out.

The trade immediately goes my way so I add more size about every .50 down. I do this because I add to my winners and let momentum pay off.

Never add to your losers, close them out instead.

Now I am waiting for a place and time to exit. On a bigger candle I see my chance and easily buy to cover from all the sellers.

The same technique can be used on a stock pilderiving lower as well.