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................................................Technical Analysis Focused on Price Action Setups, Trade What You See, Follow Your Rules, Plan the Trade, Trade the Plan, Don't Force the Trade Concepts...Price Action Plus Momentum...©
Dave Johnson, CMT
- Dave Johnson
- David Johnson, CMT Investment professional for 40 years including analyst, portfolio manager, trader and trading instructor. Performing computer based technical analysis since 1990. Previously quantitative and fundamental analysis. Has trained more than 40,000 traders in over 250 events including two and four day training events. Email: chartsignals@yahoo.com
Blog Archive
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2011
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November
(41)
- The Fries Have It...SPX Crashes Higher...All Secto...
- Futures Point to a Higher Open as Burger King Intr...
- SPX Inches Higher as Tech, Financials Fail to Foll...
- Futures Point to a Slightly Higher Open...
- SPX Bounces Off Support in Channel, Forms Morning ...
- Futures Point to a Higher Open Following a Record ...
- SPX Forms Inverted Hammer as Euro Sinks Further...
- Futures Point to a Lower Open...
- Thansgiving a Time to Reflect and Be Grateful...
- Futures Point to a Lower Open, No Morning Star, DE...
- SPX Forms Spinning Top, Day 2 of Potential Morning...
- Futures Point to a Slightly Lower Open...SPX Relat...
- SPX Closes Below 1,200 Following EU Weakness...
- Futures Point to a Lower Open Following Continued ...
- SPX Holds 1,200 Support, Forms Inside Day...
- SPX Breaks Diagonal Support, Falls to Horizontal S...
- Futures Point to a Slightly Lower Open...
- SPX Falls Following Fitch Report on Banking Indust...
- Futures Point to a Lower Open, Euro Up from Overni...
- SPX Rallies as AAPL Rises...Euro Lower...Futures D...
- Futures Point to a Lower Open as Euro Nears Thursd...
- SPX Moves Lower on Weak Euro...Consolidating in Bu...
- Futures Point to a Lower Open as Euro Moves Lower....
- Veterans, Thank You for Your Service...SPX Support...
- Futures Point to a Higher Open as Greece, Italy Pr...
- SPX Holds Support, Forms Bullish Harami...
- Futures Rally as Italian and Greek Fears Subside.....
- SPX Breaks Low of the High Day Following Lower Eur...
- Futures Point to a Lower Open as Euro Falls...
- SPX Continues Up Trend Following Horizontal Breako...
- Futures Point to a Higher Open...PCLN Gaps Higher ...
- SPX Rallies From Early Selloff to Close Higher...P...
- Futures Point to a Slightly Lower Open...Watch for...
- SPX Pauses Following Another Volatile Week...
- Futures Point to a Lower Open Following Jobs Repor...
- SPX Continues Support Bounce on Strength in Energy...
- Futures Point to a Higher Open...
- SPX, Euro, Financials Higher, Fed Stays Course, QC...
- Futures Point to a Higher Open as Euro Bounces...
- EU Fears (Speculation) Sends Euro, Stocks Lower Ag...
- Futures Point to a Lower Open Following Weak Euro ...
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November
(41)
9 comments:
Hello Coach, on BIG News GAP like today.
What should we do? Remove all Stops and wait 5" to 15" min. to see what will happen and if it realy lose the low of the open, bye, bye. Or Stop is Stop?
Could you please comment.
Thank you,
Elon
Dave, on a day such as today, how can it be you have posted no comments to help us interpret the day's price action? I do see you post a lot of information on strong up days and even include intra-day comments. As a coach and mentor, wouldn't it seem right to help us out the same way on a hard down day?
Dear Anonymous,
I think Dave didn't post because he's in Dallas at an ATA Workshop and had no time to post BMO.
I have a post though ... a SENSATIONAL headline from Yahoo Finance homepage: '“There Is No Solution for Europe”: Stocks Tumble as Italian Yields Surge.' (Quote from Jeff Macke (who's he?) made the Yahoo Finance front page)!!!
coach says "Follow your Rules", i guess day i start feeling good about my losses that day I will start observing better results. feeling bad today just means risk was not appropriate for my tolerance. Market never cared about me. FOCUS. FOCUS. FOCUS.
Since Dave is not here I'll try to give a little insight to what I see. The $SPX has pulled back to support as well as the euro. The TLT looks like its forming a tombstone doji. $TNX is a hammer at short term support. The $VIX has risen to resistance.
Dave,
Appreciate the fact that you clearly must of had a busy morning and yet you took a minute to post a headline. Appreciate all the time you give to us here on the blog.
BIG THANKS!
After Market Close: EUR/USD fell to 61.8% retracement ("Retracio Fibonacci" drawn on EUR/USD chart from low of 10/3 to high of 10/26). EUR/USD has been bouncing around between the 38.2% and the 50% retracement for the previous six trading days ... until today.
Dave,
I want to thank you for taking time each day to do this blog. I recognize it is something you do by choice, not by assignment.
Some appear to not understand that a coach teaches, but does not dictate. Performance is up to the athelete (or trader) not the coach....
I hope you continue with the blog inspite of some of the comments today.
I had a good day . Bought FAZ and short the QQQ . Going with the flow.
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