Get started

Counterattack

Bearish Counter Attack on GoogleGOOGL Over the last two days printed a 2 candle pattern known as the "Bearish Counter Attack". See the linked attachment for diagram. It occurs when there is an up day, followed by a gap up open that is sold off, finally closing at the same price (or very very close) as the previous up day. As seen in image, according to this research this is a rare pattern that has produced down moves the next day 57% of the time, while an up move occurs 43% of the time. This might not seem like much of an edge, but it definitely adds up. In addition to this pattern, it appears that a short term uptrend support line was lost, then the retrace to and rejection occurred, which usually allows for a further move down. In this case I am thinking an out of the money put option is the play I like best, something like Sept 06 P1070, for sale around 100 bucks per contract. On the other hand, the 125 moving average has been respected in the past as both a support and resistance, and in this case it is sitting right on the 125. Above 1200 negates trade. Happy hunting and GLTA!! www.feedroll.com
NASDAQ:GOOGLShort
by UnknownUnicorn1314136
WALL STREET (DJI): HFT counterattackThis is about HFT's and a counter offensive against market manipulators on the DJI. It is an unconventional and risky strategy. I share with everybody. But if carefully studied and managed can be quite profitable in relatively short periods of time, like a few hours. To appreciate and engage this: 1. Multi-timeframe analysis is a must. 2. Trend following skill is required. 3. You must have 'nerves of steel'. 4. High levels of attention to detail. 5. In live trading you must have cash that you can afford to lose. (Your losses are your own as usual).
FOREXCOM:US30Short
by Captain_Walker