Tuesday, 30 August 2011

DAX ( Sept)

Simple structure revealed:

Long Corn short Maize!

This is the spread showing the differential between US Corn and Euro Maize. ( Maize=Corn)
The two contracts are:
Euro maize 50 metric tonnes. Euro/tonne. min tick 25 euro cents

CBOT Corn:
5000 bushels (127 Metric tonnes)
US Cents /Bushel
min tick .25 cent

the CBOT mini corn is 25 metric tonnes (1,000 bushels) and min tick is 1/8 cent.
So two mini= 1 Euro contract.
Arbitrage opportunties abound.

Monday, 29 August 2011

Thursday, 25 August 2011

Gold...Yes, the worm has turned!

If anyone wants the trade setup/method for my entry this morning pls contact me at mediantrader@aol.com

Gold....the worm has turned?...support and reversal?

Two different views of Gold. pronounced regular divergence in multiple time frames in the MaccyD and price has held at the physcological 1700.00 level. Price must rally to the 1740-1750 area to show me the sell -off is over where a CL from the Schiff fork( not shown here) lies.

+ Gold 1706.50

After a sharp fall i can see diveregnce in multiple time frames using the b-line system. My default stop for Gold is $4

Monday, 22 August 2011

Sorry ..here it is GBPUSD...flat with profit in the bank...thank you and good night

CL failure in small csreen shot.

Sorry ..here it is GBPUSD

Short GBPUSD@1.6474 default stp of 12.5 pips
Three views of trade..

& here is a local poster ( here in France) which is seen everywhere near Bordeaux.

...another evil little trade


Note how the sandy brown beige M line moves position in the final higher time frame chart.

Saturday, 20 August 2011

The weekend

My father took this photo shortly before or after the siege of Tobruk in 1941. more to come.

Wednesday, 17 August 2011

+gold@1784.00 cont

perfect retracement after the 3rd reaction line. Price action screams to me that the market is bullish now and like the equity markets Gold has a predominantly a long phycology. That is certainly not my reasoning for taking a position which is due to the support offered by reaction /median lines and the indicators we use- Macd and B-line stochastic plus short ribbons BUT it helps.


profit on short positions taken.( see previous post)
Now +2.5@1784.25 stop 1782.00

Short gold

Emini S&P ( sept11)

Monday, 15 August 2011

Sunday, 14 August 2011

The Big Dow... Ensign vs E-signal ...two simple pitchforks & RL/WL's

The same two forks drawn in both Ensign and E-signal. E-signal can handle the drop from weekly to daily and sadly Ensign cannot without distortion of the location (viz a viz the location in relation to the xy axis) and the lines end up skewed and have to be drawn manually in the daily time frame The 1st warning line is the thick red in e signal and yellow in Ensign. The supporting reaction line from the second d sloping fork and the thick warning line appears to have proved strong enough to hold price for the third time since 2009. The Ensign chart also includes the lower trigger line which roughly defines the 2009 low . The daily chart shows the resistance offered on the 'reverse' side and what was a supporting reaction line has now possibly become effective resistance. The 60 min chart at the bottom is simply remarkable and this method of using long term forks/reaction lines to define market structure is the cornerstone of my work to create market maps and my trading approach.The double tops from late July are one of the most reliable and effective signals/formations. Then the local forks are added with reaction lines and you have.....

Friday, 12 August 2011

EurUsd final

Position closed with 35 pts profit at 1.4250 ( the thin reaction line) where the first failure to reach the CL is encountered. It may try again and succeed but i am out flat and out of the office at 17.44. Have a good weekend!
My advice: Do not trade without a plan and overall set of rules and...........
For those that have never seen multiple PF's and reaction line charts.........Dr Mircea Dologa writes in his advanced book (Vol2)
" We would argue passionately that multiple Pitch Fork patterns greatly enhance the potential trading result"........ and also says "The chart might seem unbearably messy but this method is indispensable for understanding the market flow".