31
Oct 2016

Pre-Market Newsletter ($SPY, $VIX, Oil, $DXY, $JNUG, Gold, Silver, $UGAZ…more)

Trading Plan , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , Curt Melonopoly

My Stock Trading Plan for November 1, 2016.

Good morning Wall Street traders! Trade them well!

On Watch: Momentum Follow-Through Stocks:

Looking for potential follow-through on $BRCO, $INTX, $HMNY, $NTP, $TWTR, $CETX, $NVCN, $ATOS, $AUY

I won’t explain in detail what I’m looking for in this forum (I’ll do that in that trade room for each that are considered as / if they are considered).

Monday’s momo:

$BRCO + 22%

$INTX +25%

$HMNY +7.14%

$NTP + 7.86%

$TWTR +1.64%

$CETX +5.26%

$NVCN +29.96%

$ATOS +21.05%

$AUY +4.09%

On Watch: Morning Momentum stocks TBD.

$SPY Set-up / Volatility $XIV $TVIX $UVXY $VXX 

I think there is a set-up with $SPY… wait for volatility and play it – beyond that I’m not trading $SPY or related instruments because I believe the Fed is in there and has it pinned – period. Not enough width IMO.

$SPY, $TVIX, $XIV, $UVXY

Trading $SPY Volatility ($XIV, $TVIX, $UVXY, $VXX Etc)

$VIX – Volatility ($XIV, $TVIX, $UVXY, $VXX, etc)

My problem with $VIX is that I can’t take a trade this high in $UVXY etc. because I would want $VIX closer to 13 (but it may get away on me) and I can’t take a trade in $XIV etc because I don’t expect volatility to settle down before the election. So I’m watching very close between now and the election. I believe there will be daily opportunity here starting Wednesday at latest – there was lots of “insurance” buys Monday… so Tuesday may even open an opportunity.

$VIX 1049 PM Oct 31

$VIX 1049 PM Oct 31

$DXY US Dollar Index ($UUP) – $FXY Japanese Yen Trust, $CNY, $TZA, $SMK / $EWW

There is nothing broken in the US Dollar Index chart IMO. The continued targets I’ve previously posted stand unless conditions change.

$DXY, US Dollar Index

$DXY US Dollar Index 1114 PM Nov 1

$FXY Japanese Yen Trust – Gold / Gold Miners – $DUST $JDST (Bear) / $NUGT $JNUG $GDX $GDXJ (Bull) / #Gold $GLD

If you’re thinking of taking a position in Gold Miner’s this is good to follow. Last night it started to turn around and miner’s ran Monday (so no surprise and should have been an easy trade – distracted lol) so watch it if it continues to rise 9/10 times miner’s will follow… I even watch it with Gold plays and even before I take a small cap Gold company or miner position.

$FXY, Yen

$FXY Japanese Yen Trust Oct 31 1121 PM

$TZA – 3x Small Cap Bear

Watch $DXY US Dollar Index – when it gets flight so does the small cap bear $TZA typically – it can be a great daytrade.

$TZA

$TZA, Small Cap Bear 3x

$SMK / $EWW (Mexico Capped ETF)

If you think Trump is going to win you want to short $EWW or play $SMK (however thinly traded).

Crude Oil: FX $USOIL $WTI | FXCM $USO $UWTI $DWTI $CL_F #OOTT #Algo

Crude algo intra work sheet 1042 PM ET Oct 31, 16 FX $USOIL $WTI FXCM #Oil $USO $UWTI $DWTI $CL_F #OOTT #Algo

Crude algo intra work sheet 1042 PM ET Oct 31, 16 FX $USOIL $WTI FXCM #Oil $USO $UWTI $DWTI $CL_F #OOTT #Algo

So crude had a significant downdraft Monday (OPEC / non OPEC couldn’t get it together I guess)… and ended up trading down to a diagonal trend-line (blue) from a previous time / price cycle and very near a horizontal price support (purple) and it appears that it will be heading for the nearest target EPIC the Oil Algo called. And to make matters worse (if you review a simple chart) the neckline support with oil has been breached (not that I give that much consideration).

I was going to take a long position in $UWTI at end of day but didn’t and will strongly consider one in the morning.

Gold / Gold Miners – $DUST $JDST (Bear) / $NUGT $JNUG $GDX $GDXJ (Bull) / #Gold $GLD

Looking for entry $GLD at 114.00 / 115.00 area – but I don’t think I will get that before the election.

Gold at 1266.65 is still one level up from my target closer to 1177.00.

On Friday I wrote that I expected Gold Miner’s to run Monday and that occurred – I will be watching them close. There again wanted a pull-back I don’t think I’m going to get.

Going in to election I am very bullish most commodities. I am currently running charts on miner companies too.

$JNUG +7.42% Monday

$JUNG

$JUNG October 31 – Junior Gold Miner’s Bull 3x

Silver – $SLV, $USLV, $DSLV

My position with Silver ($SLV) is similar as that with Gold ($GLD) in that I am waiting for one more downdraft – here again I may not get that.

$SLV, Silver

$SLV Silver

Natural Gas – $UGAZ $DGAZ

Here also, with natural gas I am looking for one level lower for an entry. It’s at 2.99 overnight and an ideal entry would be 2.86 (or at least a review there).

$UGAZ was off 9.42% on Monday so I will watch close Tuesday.

$UGAZ

$UGAZ Oct 31 -9.42%

The Finviz stock screener is available here:  http://finviz.com/.

Look forward to seeing you in the chat room. Visit www.compoundtrading.com and click on the link on the main page to enter the chat room.

Curtis

29
Oct 2016

Today’s Trading Results – Post StockMarket Report

Post Market Report (Trade Results) , , , , , , , , , , , , , , , Curt Melonopoly

A review of my daytrades Friday October 28, 2016.

Friday for me (actually all week)… was a tad distracting, which is not what a technical daytrader wants obviously (travelling and trade room set-up etc).

Nonetheless, there was one trade executed (should have been three or four) – and the one was moderately green. BUT! I’m looking forward to next week and I’ve promised myself to keep lazer focused.

The in-depth daily chart / algo reporting with each instrument I’m trading will not only assist the trader’s in the trade room this week – but myself also…. it’s nice to have super lazer focused preparation work to trade from (instead of on the fly – on the fly is not where I personally function best.

Ok, on to what happened today – hopefully my errors will help you avoid the same mistakes or lost opportunities.

The FX: $USOIL $WTI long trade using $UWTI

So we started the day off with the #OPEC shenanigan continuance in Vienna (the birth place of my grandfather BTW), which ended in a no oil deal Saturday and a promise to return to discussions Nov 25, 26 2017.

http://www.opec.org/opec_web/en/press_room/3820.htm

This I was considering as a possible catalyst for a long trade in crude oil, especially considering that the price of oil was below 50.00 and the oil producers have an amazing knack of timing their announcements right at critical points in the oil chart – even down to the termination of time / price cycles in oil. I’m convinced they are no slouches because they’re releasing announcements or chatter at points EPIC the oil algo has even identified as critical – time and time again. So knowing that EPIC had identified time / price cycle terminations and the fact that critical support was being tested AND that the price of oil was sub 50.00 was opportune timing for an announcement – but we didn’t get one – which was WAY OUT OF PATTERN for the oil producers.

$DXY was testing support… but crude was at a support that I wanted to take a trade from (it wasn’t preferable to take a crude trade when $DXY was testing support – you want $DXY to fail resistance preferably and crude to bounce and confirm off support ideally)… but I took the trade anyway because the chances of a bounce were considerable (probabilities were on my side with support bounce for sure). The other consideration was EPIC the oil Algo’s primary alpha algo targets. THE MISTAKE I MADE was that I was dealing with phone calls and various service people for the set-up of our trade room and I set a stop – and it triggered. I hate stops and usually don’t use them. Anyway, there was a small gain. Crude did take off for a nice trade after my stop was triggered but tanked to EPIC’s primary alpha algo target zone when news hit about Anthony Wiener. Which blew my mind because that was EPIC’s primary target – funny in my thinking. Epic is Epic and I should just surrender to it.

Anyway, here is that time period on Friday…

$DXY US Dollar testing support (not ideal for a long crude oil trade – I use $UWTI specifically)

My $UWTI long execution.

$DXY now at low of day… not the best scenario (I didn’t know at the time that the dollar was going to tank and breach shortly thereafter).

My distracted stop for small gain – ugh… especially when you consider what happened next…

So to throw fuel on my wounded supertrader spirit $DXY then breached a diagonal support… and I was awe man seriously? Weak dollar… strong oil (in a normal world).

So here’s the spike in oil after my stop exit… (BTW – the lower alpha algo target on this chart was actually misplace in accordance to EPIC’s call – EPIC’s target was much lower – which funny enough got a hit in the target zone – not perfect but in the zone).

So crude $USOIL $WTI got a really decent bounce before it tanked and would have been a fantastic trade (likely 4% on $UWTI – I didn’t actually look yet lol – painful) and then the price tanked right in to the target zone (not a perfect hit) but holy price tank thanks to Anthony Weiner news. If you look through EPIC the oil algo’s history on our website and on Epic the Oil Algo’s Twitter Feed you will see time and time again how right before the alpha target call the price of oil magically spikes or drops (and many times dramatically) right in to the target zone or very very close. It’s really interesting if you look at it over time.

The price of crude oil tanking right in to the primary alpha algo target zone EPIC had identified.

Below is EPIC’s call on it earlier in the week… the percentage represents how many times out of 100 EPIC has calculated that exact target will hit – and yup… the primary target zone hit – crazy IMO… I’m his inventor and I still struggle to understand how pure math can determine primary targets days in advance 92% or so of the time… and that’s not even the best way to use EPIC – the best way is intraday (which we will be doing lots of in the room). The intraday quadrants aren’t even represented on these recent charts – you can go back in to EPIC’s story to see the intra-day quadrant work sheet (which doesn’t do anyone any good now for trading because the time/price cycle has changed since, but it will show you what I mean – they look like diamonds – they’re pink)… anyway those quadrants allow for precise intra-day trading success easily over 90% scalping all day long (we had to remove them from the current charts because we’re in the process of patent applications).

Then on to the $VIX trade I missed lol – what a day…

So at this point $VIX was at resistance (if you can really say it has support and resistance)… but anyway – it is an indicator of sorts… so I was watching close for it to take off.. and then yup – you guessed it – I got distracted with other details in my business life lol and then WIENER presented the BEST TRADE OPPORTUNITY OF THE WEEK!!! Ugh… anyway I would have been all over $TVIX trade but nope… SO STAY FOCUSED! That’s Lesson #2 so far in this post (Lesson #1 was follow your trade plan unlike I did with oil above).

Here’s the Anthony Weiner announcement…

So the $TVIX trade was worth an easy 10% gain…

$TVIX trade

$TVIX trade

I guess the only other main daytrade miss I had was $JNUG, and my trade-plan with it was simply based on the fact that the day before $JDST got a serious lift (at one point it was +8.18%)… so I was watching for a natural pull-back and a bounce in $JNUG. SO the opportunity came just before lunch and at the double-bottom that would have been an excellent place to enter.

$JUNG Trade

$JUNG Trade

There were other miscellaneous things… but that’s the bulk of lessons from my errors of the day as I see it.

BE SURE TO READ THE PRE-MARKET REPORT BEFORE MONDAY OPEN!!! Oil and metals are VERY LIKELY going to have a big week. Not to mention the market in general considering the election turmoil.

Thanks for reading and have a great weekend!

Curtis

28
Oct 2016

Today’s Trading Results – Post Market Report

Post Market Report (Trade Results) , , , , , , , , , , , , , , , , , , , , , , , Curt Melonopoly

Today (yesterday really as this is late) was a frustrating day… two triggers and two losses and zero wins – one of the first days like that for a while. Fortunately the entries were not huge.

Hopefully some of my mistakes will help your trading.

$SPY $XIV $TVIX $UVXY

I am likely going to stay away from $SPY related trades until the election and $VIX related trades until right before the election.

$DXY US Dollar Index

The day started with the $DXY threatening… and oil initially did respond to it but as the day progressed oil continued to get lift off the diagonal trendline (blue on oil charts). So that was my first miss (lesson # 1) – the trend line was a high probability trigger that I should have pulled on (I would have been long $UWTI).

FX: $USOIL $WTI

As the US Dollar continued its assault $TZA continued to rise (a reminder of my alert near bottom a number of days ago that I didn’t take full advantage of) – lesson # 2.

$UGAZ

Lesson # 3 is in following through with your trade plan. Now, it is important to understand the difference between a intra-day swing trade plan and my normal trade method. My normal method is to “time” an entry so that I pull the trigger literally right before a spike so that I get 1 – 3% room to decide if I want to stay in a trade through the pullback etc… when I entered $UGAZ I wasn’t confident I’d get that 1 – 3%… I got a bit and then it pulled back and it became uncomfortable and I sold AND THEN OF COURSE IT RAN. So the lesson was obviously if I had a plan for it (which I did as I did foresee it running) then I should have been prepared for the pullback. Anyway, in the trade room I’ll be able to explain in advance of pulling trigger which trade is which type in advance of pulling trigger. Bottom line… should have stayed in it because it went in to rippy mode shortly after I sold. I should also note that when I pulled the trigger, part of the reason was I thought I’d get a bounce off the 200 MA on the 1 min as it did bounce in that way earlier a few times.

White arrows are entry and exit – you can see my entry was right above 200 and it didn’t hold. That should have either caused me to exit immediately or hold for the full swing.

$UGAZ trade - 200 MA on 1 Minute chart failed.

$UGAZ trade – 200 MA on 1 Minute chart failed.

Gold Miners – $DUST $JDST (Bear) / $NUGT $JNUG $GDX $GDXJ (Bull) / #Gold $GLD

Lesson #4 for the day was the inverse Gold Miner’s trade… I was all over it the night before and in the morning and got distracted with the $UGAZ trade… $JDST and $DUST were great trade opportunities missed.

$CVI – CVR Energy

This was actually a good risk reward and when it didn’t spike on a double bottom after a significant downdraft I did exit – so my risk reward was intact and normally I win in this trade. It didn’t turn my way this time… but I wouldn’t do it any different next time. You have to accept the risk with this trade.

So those were my lessons for the day! Hopefully the help your trading some!

Stay blessed and see you for Friday session soon!

Curt

 

27
Oct 2016

Pre-Market Newsletter ($SPY, $VIX, $USOIL Oil, $DXY, $GLD Gold, $SLV Silver and more)

Trading Plan , , , , , , , , , , , , , , , , , , Curt Melonopoly

Good morning, Stock Traders! Earnings season is in full gear and everybody is happy (for now).

Yesterday was awesome with a 9.2% portfolio gain… looking to trade for at least 1% compound today (3% goal daily).

Today’s premarket trading plan will be quick – we’re burning 20 hour days getting everything ready for pre-launch.

$SPY ($ES_F)

Futures are “just” in the green – range bound boredom trade continues… there is a wedge that terminates near election day… wouldn’t you know it. No play for me here yet… I’ll be watching the volatility side close though.

I would expect S&P, DOW, NASDAQ and world markets in general to be up until at least early Tuesday next week (unless geopolitical issues hit). Yes, WikiLeaks may have a major drop on Hillary or Donald.

$VIX ($XIV, $TVIX, $XIV)

Continue on watch until election… I missed the trigger yesterday and will continue to watch… with Friday on deck I don’t expect volatility until early next week now at earliest so there may be an entry possible.

FX $USOIL $WTI ($UWTI, $DWTI, $USO, $CL_F, #OIL, #Crude, #OOTT)

This is one of the more interesting plays… EPIC the algo put out revised Friday alpha algo targets FYI.

Crude is holding on to horizontal trend-line supports (purple on chart), is holding on to diagonal trend-line support (blue) and holding Alpha algo diagonal trend-line (red)… all of which keeps it just above support… barely – one rumor and this will get great lift. The $DXY of course plays in (correlation seems somewhat delayed and then instant). There are two moderate time / price cycles ending at latest 2:30 PM ET today and a major one at November 1 at 10:30 PM ET. The time / price cycles (do change as chart builds out, so that’s why I regularly update them) but more importantly can definitely cause significant price lift or not. So look for moderate lift or downdraft before 2:30 PM ET today and for sure before Wed morning next week. My suspicion is a rumor is coming because they time the rumors with the near termination of time / price cycles every single time (if price is at risk near support).

I am looking for a long $UWTI.

Crude oil chart / algorithm

Crude algo intra work sheet 846 AM ET Oct 27, 16 FX $USOIL $WTI FXCM #Oil $USO $UWTI $DWTI $CL_F #OOTT #Algo

$DXY – US Dollar 

$DXY continues… nothing is broken – break out is still alive. I posted upper resistance on my twitter feed to watch for – they have been correct within cents so far.

I am looking at $TZA again if Dollar gets lift. I’ll also be watching the support in crude chart next time Dollar lifts.

I will at times play $UUP with US Dollar.

Watching $CNY for continued deval.

Also looking at $SMK (although thinly traded) as a play if Donald gets lift in poles (inverted Mexico ultra-short).

Gold $GLD $NUGT, Silver $SLV, and Natty Gas $UGAZ $DGAZ…

With all three I was expecting on more floor down before the election, and we may get it… so I’m looking for that… if they take off before I get my one floor done I may chase.

Charts and Algorithmic Reports

For the algorithms we are working with $SPY, Silver, Gold, Oil, Natural Gas, US Dollar $DXY etc… we will start publishing pre-market and post-market reports for EACH every market day starting NEXT WEEK!!!

Watch my Twitter feed for intra real-time calls and the trade room starting next week – IT ALL HAPPENS intra-day. I know the GURUS are all about the plan… but that’s most useful with company equities and all the DD they have to do in that momo game… I’ll play for fun but my 1% compound daily (10k to 1.14MM in 26 mos) comes from plays like above and more importantly from intra-day movements providing opportunity for the 1%.

Stay blessed and bring home some bacon today! And remember… Coffee is for closers!

Curt

26
Oct 2016

Today’s Post Market Report

Post Market Report (Trade Results) , , , , , , , , , , , , , , , , , Curt Melonopoly

My Day Trading Results Re-Cap

Today for me was the “miss the perfect setups trigger day” – but I still ended up on the positive side. For me it’s all about 1% a day compounded (and hopefully someday soon 3% – it’s getting close). If you haven’t seen my compound chart of 1% per day starting w 10k compounds to 1.14MM you should check out https://compoundtrading.com/lead-trader/ and I think I’ll do a full post on it soon. But bottom line is that when you focus on simple 1% days (understanding compounding money principles) it is a way less stressful and more forgiving way to trade. You avoid the hype… the pumps… all the company DD research… the risk… and on and on. You just need to know why equities trigger an intra-day spike (trigger there and watch for 1% or not) and from there it’s pretty easy.

Anyway, I had a number of setups ready right before the bell and missed the better ones (got distracted). So, I am learning that balancing day trading and a live chat room/broadcast startup requires more focus during market hours.

Here’s what happened (my wins and losses), so hopefully it helps your trading.

$UNIS

The first setup I looked at. It was a morning scan MOMO (morning momentum) possibility from a few days ago that I thought will get lift or drop (the 3 day rule http://www.fool.com/knowledge-center/what-is-the-3-day-rule-when-trading-stocks.aspx). For short sellers this is an ideal set-up – but sometimes they surprise and run so I like to watch for that because if the shorts get caught on a 3 day rule and it goes opposite – the win can be really good.

$UNIS

And, it just faded – so I left it alone.

$UA – Under Armour

Next up was Under Armour. This one had a bad downdraft on earnings / downgrade. https://www.thestreet.com/story/13868610/1/under-armour-ua-stock-retreats-cowen-downgrades-on-outlook.html?puc=yahoo&cm_ven=YAHOO

So, another morning play I will use (that normally works well) to get 1% – 3% quick pops is timing the bottom up spike. It got a really good downdraft here at 9:51 and the stock dropped.

At 10:10 I hit the buy.

Added at 10:13

10:19 I was out for a small gain – I noted it as a small loss on twitter but didn’t go back and do a correction because my day was so hectic (you will find my alerts sometimes distracted lol). Anyway, average buy 32.82 and out at 33.07 for .25 cents on 400 shares / 100.00 – not the 1% I was looking for).

$UA Stock Trade

$UA Stock Trade

$TZA – 3x Small Cap Bear ETF

Then I posted a perfect set-up with the small cap bear ETF I’ve been watching – around the election especially I’m watching this one like (it should be a hawk) – BUT FOR THE SECOND TIME in less than a week I was distracted and missed my trigger – it was such a nice trade – easy 3% or better. And frankly, there’s no excuse – as easy as taking candy from a baby.

And here’s where I would have triggered and it was sooo perfect. Absolutely no excuse – it was a text book trigger on the 1.

$TZA Stock Trade Trigger Missed

$TZA Stock Trade Trigger Missed

$DXY

So when I seen the US Dollar Index at support… that was my first trigger alert for $TZA – because the $DXY is the $TZA killer…

$VIX

Then I was on to the $VIX – which was my SECOND trigger missed – I was looking at a $TVIX or $UVXY intra-day trade – and yup – distracted and missed it. Again… so perfect. I posted when $VIX was threatening resistance and $DXY was at support and $SPY was in downdraft mode… simple simple simple. #distracted ugh.

$SPY

Here was the downdraft in $SPY and the resistance above… and when $SPY is in downdraft till things sort out.

$VIX

So here’s where $VIX broke resistance and all I had to do was wait for the back-test and possible consolidation… but ya… nope.

$USOIL $WTI

Then came the oil report… my thinking was I wasn’t sure if the upper algo target or the lower was more likely – I didn’t think we were going to see a draw down… but EPIC the oil Algo had the lower alpha algo target as most probable… anyway… almost both targets hit but I wasn’t confident in it so I though I’ll go for the build side of the bet with a volatility play and entered $TVIX with a super-tight stop – a wham – it got hit instantly for a small loss. Not the normal way I’d play the oil report FYI. So I was down .8 cents on 400 shares or (32.00) – so at this point 68.00 up on the day.

$OPGN

Then I took scanner alert trade in $OPGN in at 1.16 out 1.22 within mins at 9,000 shares / 540.00 – now I’m up 608.00 on the day.

$OPGN stock trade

$OPGN stock trade

$WTI / $USOIL

Ended up EPIC’s oil calls were almost perfectly spot on.. again I was distracted and was a little confused on my twitter feed posts etc.

So there’s the beautiful $VIX trade I missed with $TVIX

$TVIX missed stock trade (ETN)

$TVIX missed stock trade (ETN) – soooo perfectly set-up.

$UGAZ

Then I went long $UGAZ. This is another algorithm we’re working on that is on-deck. The algo is saying 44% today hit bottom (which means 44 out of 100 times – so the idea is to get a probability from the algorithm so the trader can decide to trigger or not)… anyway… the algorithm is also saying that 46% there is another leg down (or 46 times out of a 100). So I thought I’d take a trade and should have (because yes I had it set-up) entered earlier in day for a better gain. Nonetheless I got a decent little intra-day trade.

So my entry average fill was at 34.19 and exit at 34.95 (got real lucky in that time frame exiting snipe – should have been about .10 less) for .76 cents on 500 shares / 380.00 or 920.00 on the day.

I know with many small accounts for US citizens there are certain rules with leverage and 3 trade rules etc. I regularly start a 10k account and build… but I often trade over 10k closer to 16k and sell before the end of the day. The specifics of why my broker in Canada lets me do that I’m not sure and how that works for US citizens – but I’m going to look in to that so I really understand better.

I will put out a pre-market trade plan in the morning!

Stay blessed!

PS Here’s my running win rate.

 

26
Oct 2016

Pre-Market Newsletter ($SPY, $VIX, Gold, Silver, $USOIL $WTI, $DXY and more)

Trading Plan , , , , , , , , , , , , , , , Curt Melonopoly

Welcome!

We are looking forward to our pre-launch next week in the trading room (chat and live broadcast). This week we will start with light fare pre-market newsletters and after-market reports – over the coming weeks the reports will expand considerably in detail and depth, but for now we will keep it light to get in to the flow.

This morning I won’t publish a trade plan for VIX, Gold, Silver, SPY and Oil… but will increasingly provide a trade plan in these morning newsletters over the coming days (the ramp up). What I will provide is my basic trade plan for oil (you will find below) and comment generally on the others.

$VIX

I am looking for significant volatility between now and the election and even after. So I am watching day to day. I play $XIV $TVIX $UVXY and will explain in more detail as the coming days in to our pre-launch come.

$SPY

I am currently not trading any securities against our algorithmic calculations with SPY. Of all the algo calculations we are processing right now – this one is most uneventful. I am hoping that after the election this changes. So of the algo calculations and trading plans you will see us develop in more detail on these reports leading up to our launch, the $SPY algo is lagging the others. It’s coming – but the pre-election environment is not the best time-frame for algorithmic trading specific to S&P 500. The intra-day stuff, sure… and that will be covered in our trade room coming up.

Silver and Gold.

Right now I am sitting on my hands. I was waiting for a level down in both to retest previous support. I will say that my trade plan is VERY bullish come just before or after election. But still waiting. Our algos have been testing very precise with both so I am excited to trade these (and associated equities) in the coming weeks.

$DXY

The US Dollar. I have been posting for some time on my twitter feed about an impending break-out (which is here). We haven’t posted a lot about our algo development with $DXY, but I can tell you we are testing one and will be releasing it within a month or so. It is testing VERY precise and look forward to trading associated equities with it in our trading room over the next few weeks. I posted yesterday that I thought it should rest for a bit… and it has – it is now testing previous resistance to upside. I would be VERY cautious with it and watch for more lift especially if you are trading oil related equities etc… crude oil reacted in a strong way to the Dollar as the day went on yesterday. Early in the day not so much but as the day went on the affects of the Dollar (and obviously OPEC chatter) seemed to weigh on crude (it was a delayed effect).

EPIC the Oil Algo. FX: $USOIL $WTI (can be used as a trader’s edge for futures, $DWTI, $UWTI, $CL_F and more).

We just published the adjusted forecasts for EPIC the Algo alpha targets for Tuesday 10:30 AM and we will revise the Friday 1:00 PM ET forecasts soon. They are posted to EPIC’s twitter feed https://twitter.com/EPICtheAlgo.

These forecasts are simply targets that run along the algo trading pivot or trend-lines. Algos (machines) will move price from target to target in accordance to market direction. As such, trading with this type of system is much better done on an intra-day basis (hence why our trading room is opening). Nonetheless, in the meantime the targets can be used to trade against. So in our charts you will notice red trend-lines (this are the alpha algo trend-lines), you will also notice traditional charting diagonal trend-lines in blue (the thicker they are the more important they are) and also horizontal traditional trend-lines (purple). We also publish the charts with the 20, 50, 100, 200 day traditional MA. What is missing are the algo quadrants that allowing for precise intra-day trading (these will be on the charts in the trading room for each subscriber to each algorithm). What you also don’t see on the charts are other traditional indicators such as VWAP, MAC cross-over etc… we do not publish them to the charts because quite frankly there are many and our charting is “busy” enough.

Crude, Oil, WTI, Stocks

Crude algo intra work sheet 748 AM ET Oct 26, 16 FX $USOIL $WTI FXCM #Oil $USO $UWTI $DWTI $CL_F #OOTT #Algo

Above is the most recent crude chart. The arrow on the far right shows a traditional charting TL that is obviously critical to the support of pricing in the current time / price cycle that crude is in right now. The middle arrow is pointing at a traditional horizontal trend-line (purple) that has just been breached. The upper arrow is a diagonal trend-line that is also critical on the upper side. As long as the price of oil stays between the upper blue T line and the lower t line nothing has changed. I would even venture to say the lower purple horizontal support at the bottom of the chart above keeps this time / price cycle in play. And don’t forget, we’re waiting for more “deal” news out of the oil boys soon.

While crude remains in this trading zone I will continue to buy the dips and sell the rips. However, I do trade around the important weekly reports and do utilize the algo quadrants that we will be discussing in the trading room. If the trading range is breached, we then reset and find the new range and trade in it. That’s basically how I’ve traded ($UWTI and $DWTI) with near 95% accuracy for some time.

Watch the support and resistance trend-lines I have explained after the oil report this morning!!! This will establish whether oil remains in this trade range or not. If it does not we will post updates to EPIC’s Twitter feed regularly of course!

Chatter this morning about oil:

S&P GLOBAL PLATTS PREVIEW OF U.S. EIA DATA: LIKELY TO SHOW CRUDE STOCKS ROSE 400,000 BARRELS

https://www.platts.com/pressreleases/2016/102516/no

Oil prices are too gloomy on chance of OPEC deal

So that is my basic trade plan – I know it is light and in coming days it will become much more precise and informative. We’re working around the clock right now to get the trade room up so I appreciate the support from the early subscribers (guys and gals I am happy to report) and you can look forward to detail, detail, detail over the coming days!

Stay blessed.

Curt

PS

Early movers..

 

 

 

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