NCHammer

07:14

NCHammer

Another week of trading coming up. News light week this week so hopefully no crazy volatility. Hopefully, just normal level to level type trading where I set buy stops and sell stops and they all go to the next target level

12:08

NCHammer

This is a recap of how I trade thursday's massive CPI news day. Good example of a short squeeze and how lucrative they are. Not hard to spot where a possible squeeze level could start from. Very good day for me.

01:00

NCHammer Updated 

Level to level recapture. Let's see if this trade plays out. Currently I've got a buy lmt order at 3629, target 3640, stop 3620.

13:50

NCHammer

Good clean examples of failed breakdowns today. Good lessons to be learnt on how to trade these. I picked up one. I think the markets will be choppy again tonight until the release of CPI figures.

02:13

NCHammer

Pre PPI and CPi news on Wednesday and Thursday makes me think this will be a boring night

06:44

NCHammer

Another big week coming up with CPI figures so much volatility ahead but also much chance to make money. I have my thoughts for tonight. Let me know what you think

07:07

NCHammer

Another strong day in ES. Thoughts for today. I expect more choppy behaviour today and how I would trade it

05:58

NCHammer

Update on tonight's trading and quick recap of yesterday 's bullish reversal. Remember kids, regret everything

11:35

NCHammer

My trading thoughts for this week. It's been a tough week and choppy last wee. Let's see what this week brings

05:20

NCHammer

This is my thoughts from last night's trading and tonight's trading on ES futures

NCHammer

Chart shows the weekly chart with previous breakdowns from long term uptrend channels shown. As can be seen, the downwards price action can last for a year or up to 30 months in the case of the tech crash at the turn of the millenium. I will be waiting for price to retest the 20EMA on the weekly chart and placing bearish options plays at those price points. I...

NCHammer

The 2357 area looks good as a long target. This is the 100% fib retracement level and also resistance from the upper band of a trendline from the 2016 - 2018 uptrend. I am not suggesting that price will reverse here, but I am preparing for some sort of impulse correction down from that level which should setup fib levels for potential entry longs. That would be...

NCHammer

Just an observation on the 4 hour chart in gold. Shorting off the broken trendline which is projected in to the future seems to be a good way to enter trades. See how price is rejected off the broken trendlines?

NCHammer

gold is best shorted on a retest of the broken trendline. I have placed arrows in the past few months where very profitable shorts have been made. The same setup is occuring now. Wait for the price to breakdown from the trendline and place offers at the level of the broken trendline projected forward.

NCHammer

Looking back in the charts, when a bearish engulfing weekly candle is immediately followed by a bullish engulfing candle, usually indicates short term bottom. I can only see 4 instances from 2004 when this price action did not eventuate. Last week we saw the Russel 2000 close with a bullish engulfing candle pattern whilst the week that preceded it was a bearish...

NCHammer

Gold rejected on Friday from resistance and could have marked a bearish failed breakout from an ascending triangle pattern. However, it is sitting on support now, and I am expecting support to hold. However, it the bears win, then we could see price head back down towards the 1680 level where there is another layer of trendline support

NCHammer

M2K had a strong move up last week. Strong bounce from trendline support levels. Right now, it is perched on a couple of trendline resistance areas. A break through here and a succesful retest of support will see the price head towards 1400. A rejection from resistance will see us head back down towards 1280.

06:37

NCHammer

My thoughts on gold from a weekly perspective and possible scenarios based on what's happened in the past