Good things take time, just like price reversals

One-day trend reversals are memorable.  They happen so fast that you don't have time to react, especially if you wait, as you should, for the end of the day to place your trade.  However, just because they are memorable like plane crashes, it doesn't mean they are the norm.  They are not. The best reversal patterns … Continue reading Good things take time, just like price reversals

Did you see that 27% rally? In 3 days!

EQUITY RUN UPDATE:  $11,038.   It happened fast.  It happen strong. It was RBOB Gasoline, September delivery and in the October delivery a bit also. The move was, as it often is the case, a reaction to an "act of God", namely hurricane Harvey, which effectively shut down the refinery industry on the Texas and … Continue reading Did you see that 27% rally? In 3 days!