Author Archives: TraderHank

MACD Crossover on the SPY Daily

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              My timing was a bit off when I sold my 247/248 Call Credit spread 2 weeks ago.  I have not defended the position yet because of the MACD crossover occurring which is signalling … Continue reading

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The power of Market Law #4

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     A few days ago I found myself attempting to guess when to sell my Call Credit Spread in the SPY and it finally occurred to me that I was ignoring Market Law #4 on my longer swing trades … Continue reading

Posted in Diary | Comments Off on The power of Market Law #4

It’s been too long!

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  It’s been awhile since I last posted, many changes have occurred in the trading business such as Pristine.com is no more and has become T3 trading.  I’ve been a student of late of the Options market learning, trading, and … Continue reading

Posted in 5 Minute ES futures plays | Comments Off on It’s been too long!

2106.50 double top or new high?

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  As price sold off and headed to my 1932.50 target area, price action was able to find minor support much higher at the 2020.50 area.  Since price has rallied hard and should breakout above the 2106.50 area if the … Continue reading

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ES testing Major Support MS

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  Price is currently trading @ 2037.50 and looks like it’s going to test the Daily MS area at 2054.50.  A break below MS will confirm our newly formed downtrend on the daily chart.  050182016 ES Daily After a year … Continue reading

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Daily uptrend in the ES ended with the break of 2071

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  I’ve been focusing so hard on the 60 minute chart while day trading the ES I almost overlooked today’s break of the 2071 area which officially ends the uptrend on the ES on the daily chart.  The weekly bar … Continue reading

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The moment of truth for the ES…

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  For the past 7 days price has basically gone sideways on the daily chart of the ES but now appears price wants to move lower.  The 2035 area is key, if price moves below this area of Major Support … Continue reading

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The Bear Slaughter Continues…

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  Overnight Price has pushed through the 2048.33 area becoming minor support (mS) and is knocking at the door of our 2067.75 area or T1.  T2 is close by at 2091 and the longer target found off the Weekly chart is … Continue reading

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T1 2067.50

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  After Fed Chairwoman Yellen spoke today the market took off like a rocket and since my portfolio was net net long I was thrilled to say the least.  I can see my T1 target from here, and T2 is … Continue reading

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Bullish…?

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  Price recovered after today’s retest of the 2022 area of the ES and formed a spinner type bar on the Daily chart.  I was real happy with my trades from Friday, and the market held up good today even … Continue reading

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