Updated doodle — More doodling image

SlingShots and other important things in life

EC Position Trade Update — EC Update: 1/21/2007 REMEMBER THESE ARE FUTURES NOT THE SPOT MARKET My EC slingshot is also currently underwater. This is a tough trade. It is easy to see that the EURUSD has potential to trade down to 2750 based on ...

SlingShots and other important things in life

JY Postion Trade Update — UPDATE: 1/21/2007 I am still underwater on this one. My price distribution studies still indicate a sharp upward move in the JY ( move down in USDJPY ) so I am still holding this position. My metrics have changed and ...

SlingShots and other important things in life

Always keep an eye on the Euro Index image

SlingShots and other important things in life

Picture Fun — Some picture doodles... image

SlingShots and other important things in life

I am also long the Euro FX (ECH07) since last week. I need spot to clear the critical 2950 mark. If it does not build value above this level, I suspect we may head down to 2750 or so. The slingshot on EC developed last week. I am long from 1.3030. ...

SlingShots and other important things in life

Things have definitely been a little slow and in the end not much gained or lost. The BOJ rate decision is 2nite...I expect that may help things shake around a little. Bond traders are also drunk driving right now. You absolutely have to have ...

SlingShots and other important things in life

I certainly respect your comment and that is a fair question. I am a completely discretionary trader. I do not believe in back testing as it tells me nothing about the future. I focus on what is known and not what is unknown. It may sound a little ...

SlingShots and other important things in life

Risk Control — "Risk and possible consequences associated with each position must be completely accepted without emotional discomfort or fear." Like many things in life, to become a successful trader you must learn to embrace risk. Risk is ...

SlingShots and other important things in life

I have a set up on the JY (Yen Futures) that I call a slingshot. It is based on price distribution and is a position trade. I am Long JYH07 at .8353. This means I think the yen is going to appreciate or said another way...the USDJPY is heading down ...

SlingShots and other important things in life

Slingshots are trade setups based on price distribution of a tradable. I perform a mathmatical calculation to determine the validity. These trades are not for the weak of heart and they are often against the short-term trend. I trade both weekly and ...

SlingShots and other important things in life

The bars or candles you trade should be in direct relationship to the size of your equity and risk tolerance. I do not trade with indicators. I trade monthly and weekly charts. My point is that value is value and price action is price action. The ...

The Daily charts are KEY

I trade based on price distribution. My monthly distribution currently shows objectives of: 3050 3245 3406 I do not trade fundamentals or use any indicators. I trade solely based on price action. Right now fair value in the EURUSD is between 3245 ...

EURUSD

I think we will make new monthly highs by the end of the month. Bull markets die hard. I am long EURO.

EURUSD

Price action is price action no matter what time frame charts you use.

The Daily charts are KEY