Amid the turmoil in the markets this week, followers of TdN have done well — especially with intraday trading guided in our chat room. Today, we capitalized on the downtrend that continued from the overnight session, while noting that ES persistently found support around the S1 area (1120-21), so that was a good place to close short trades each time. Our analyst also noted that ES would have to climb above the 1128 area before it could be considered to have enough momentum for a rally. The market toyed with climbing over 1128 through the latter part of the morning . . . → Read More
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 March 23, 2011
The quote “By failing to prepare, you are preparing to fail” is attributed to many famous names including Benjamin Franklin and Henry Ford, and the truth of the statement has been recognized since even earlier times. For traders, approaching the market without the correct preparation is essentially preparing to fail, because it leaves them subject to bias and hesitation when they are presented with an unexpected development or a trading opportunity. At Trading da Numbas (TdN), we follow the same ethos in our weekly and daily analysis. We show our subscribers how to prepare as well, so they are better . . . → Read More March 10, 2011
You have probably already seen the charts showing the excellent guidance available for intraday trading at Trading da Numbas. (If not, see our recent publications here.) But what does TdN offer for swing-traders? Prior to the opening this week, we wrote that SPX needed to attract selling around 1,325 (and no higher than 1,327-1,329) for a bearish move to stay on plan. Moreover, we said “bears have no room for complacency here, and this week is going to be all about the prior low at 1,294.25 (ES).” We also pointed out two possible lower targets, to be considered after seeing . . . → Read More March 6, 2011
The recent volatility in the market has given opportunities in both directions to unbiased traders. Friday was a particularly good day for us at Trading da Numbas (TdN), and the chart below shows a play-by-play review of comments that were made by moderators in real time in the chat room. Ask yourself if your trading would improve with guidance like this.
In honor of an old friend, we are making a special offer available right now to anyone who wishes to try our service. Three weeks for $30, and all proceeds benefit the family of Dominick Mazza, . . . → Read More January 20, 2011
What does good day-trading look like? Several traders have emailed us in recent weeks asking to see something that conveys a “track record” in our market analysis. That kind of thing is difficult to show. As you know, the window of opportunity in trading can be very brief, and one must seize the opportunity when it presents itself. That challenge led us to put together the attached picture of Trading da Numbas’ market analysis from last week, as it was offered IN THE MOMENT. The S&P closed last week down 10 points from the previous week, but someone trading based . . . → Read More January 16, 2011
The period between December expiry and the year end offered an opportunity to review your overall trading approach. The second half of 2010 presented a remarkable advancement in equities markets, and nearly the entire period was punctuated with opinions and forecasts saying the market couldn’t go much higher. Looking back, did you trade with a bullish bias or with a bearish bias over the last six months? Was it difficult to “buy the dip” each time, because you thought the upward trend must be near its end? For swing traders and day traders alike, it is crucial to your trading . . . → Read More October 23, 2010
One reason many traders struggle is because they attempt to enter trades based on their own whims and ‘hunches’, which are derived from emotional factors rather than rigorous technical analysis. Our recent article emphasized how, even as contrarians, Trading da Numbas (TdN) focuses on following the trend until there are signs of exhaustion, sentiment extremes, and reactions to Fibonacci levels as well as other support and resistance that suggest a turn may be imminent. This article describes a more subtle opportunity for the trader to watch for – inflection points, also known as “make-or-break” levels – which may produce either . . . → Read More September 25, 2010
One common error many traders make is to fight the trend, thinking that by doing so they are being clever contrarians. This tendency is even more pronounced among those who are learning – but have not yet mastered — the Elliott Wave methodology. A little knowledge can indeed be a dangerous thing for those misapplying it. At Trading da Numbas, we follow a rigorous Elliott Wave approach, but we don’t fight the trend. As they rightly say, “the trend is your friend.” This does not mean that we get ‘married’ to a position, but we respect the trend until it . . . → Read More October 14, 2009
This brief article shows how our take on the market’s action during the previous week allowed us to protect subscribers at Trading da Numbas (TdN) from acting on bearish sentiment which proved to be incorrect. On October 1, ES presented a steady downtrend through the day, closing at 1027.25, nearly 22 points below the open. The equivalent futures price at the cash close (15 minutes before the futures close) was 1024.75. This market action was interpreted by many participants as bearish, especially in the context of the of the 5-point opening gap down from the previous day. The opening level . . . → Read More |
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