GC setting up

Hi Traders, keep an eye on this emerging short setup on GC. We wouldn’t be surprised to see GC retest the 50% area in the coming days. (By the way, we don’t assign much importance to fib numbers. 50%, of anything, is not a fib.)

Also note the emerging strength on the DX, which may give us a short on the 6E.) Mindful trading!

GC 2019 03 06

DX 2019 03 06

Textbook 6E

We are bullish on the indexes. Note the 6E move as well.

6E 2019 03 04

Remek! Momentum positions 2019 03 04

3pm update: Indexes under heat… it seems today’s dip is whence we’ll be heading back to those recent all time highs. Time (and the market) will tell. Mindful trading!

In the spotlight: textbook NQ action

Hi Traders, a quick note on today’s action on the NQ. Apart from the fact that Remek! Momentum easily identified the two best candles to go long on during today’s morning session (see 30R chart below), some easy to read clues were broadcast by the market even before the open: see yesterday’s action, a session the second part of which was a textbook pullback on the HTF (e.g. 60 min) chart. Those of you who caught this during your nightly analyses, and came well-prepared to today’s battle, good work! As to the session itself, including what Remek! Momentum can do for us on the field, it was, yes, textbook. Another example of good nightly preparation, combined with the Remek! method, paying handsomely. Mindful trading!

NQ 2019 02 12 60min (HTF)

NQ 2019 02 12 30R (trading timeframe)

Other noteworthy moves today (2pm Eastern update):

DX 2019 02 12 - keep an eye on this chart if you trade currencies

6E 2019 02 12 - good move on 4hr but no follow-through. on daily

6C 2019 02 12 - with the weak hands gone, this could become a meaningful move

While the SI fails to do much today, the GC at least is trying :)

Two runners, begging to be stopped out on the indexes.