Daytrading UltraShort Financials ProShares (NYSE: SKF) Again

Darn, those stocktwits people sure do love UltraShort Financials ProShares (NYSE: SKF). It came out on top of their list today, so of course I had no choice but to select it again. Sigh…. But, as you can see, performance is quite good. Check the end-of-trend indicator at the bottom, which gave many good clues about when to exit the positions. So, by my scorebook, I count the first two sho...

All Day on ES S&P500 E-Mini Futures

I just took screenshots of all day on ES for someone, so I thought I’d post them. So, here you go…. The little yellow arrows are Bill’s entry signals (this is the main eotpro moderator, who trades live in our chat room all day with my indicators). If the volume pressure is headed the right way, and is a thick line (look at the middle subgraph, purple line), then he almost alwa...

Daytrading UltraShort Financials ProShares (NYSE: SKF)

I’m in a hurry today, so this post will be short. As usual, I picked the top stock mentioned on stocktwits.com so that you know I’m not cherrypicking. Today, it was UltraShort Financials ProShares (NYSE: SKF), and it basically told you to get long in the morning and stepped aside. Not a bad thing…. but I wish it offered a third entry in the afternoon. If you line up the first ...

Thanksgiving Video

Hi all… I had a little time so I made a video: I really am going to try to make more videos…. especially live trades…

Testimonial

I got this email today: “Hey Richard, Had a dismal morning…, breaking all of my rules. But I came back in the last hour of trading and just concentrated on your Every Push candles, and was able to make up for all of my earlier miscues. Just wanted to say Thanks.” Pretty cool! This trader is of course referring to the EveryPush paintbars from my eotpro.com indicators. Another t...

No Matter How Stupid the Market Makes You Feel

At least you probably aren’t from this family: Happy Thanksgiving, everyone!

Daytrading Google Inc. (Nasdaq: GOOG)

I personally love to daytrade the e-minis, and we show off e-mini daytrading in the eotpro.com live room every day. That’s why I have been trying to focus on stocks here at the blog lately: to make sure people understand that our indicators work great on them, too! As most of you know, I try not to cherry-pick anything. Not the stock (when a reader doesn’t request anything, I simply...

Why I Like the Murrey Math Lines

Can you guess? :-) We have all been marveling at them in the eotpro.com live room. I don’t know why so many math line implementations are done so poorly, but I really like the concept, and the eotpro implementation that I put together seems to work very well.

Follow the Pain

This is generally good advice for trading all day… but I especially watch for this in over-excited and news-driven markets. Today there was all kinds of talk swirling around about whether there’d be an auto bailout or not, and so on. Markets were in a big downtrend intraday. Price action was getting whippy and volatile. Plus, for a while today Paulson was speaking on TV, and you nev...

EOTPro Math Lines come to NinjaTrader

I saw some of the freely available math line indicators last night… and I was disgusted! Mostly, they show daily lines, which is of no use to me. I guess I didn’t like the implementations on tradestation, either, because we made our own version for eotpro. So, I made a math line indicator for ninja last night. In the live room, they were asking me to post an example of price bouncin...