Latest Posts

What does good day-trading look like?

Week review 2011-01-21

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 […]

July through December 2010: Did directional bias affect your trading?

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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 […]

Support levels and timing on Thursday morning

Seeing that ES had reached 1278, the first identified support level below pivot, we alerted members of a possible change in direction for the next intraday swing. The upward move from 1278 provided five ES points.

TdN caught the morning high on ES

This morning in the chat room, we noted that a new ES high at 1274.50 coincided with a zero-test on the advance/decline index. This alerted us to a potential shorting opportunity. The market then produced a rapid decline of eight points.

Art of catching turns, Part II: the inflection points.

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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, […]

The Art of Following Trends and Catching Turns

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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 […]

Finding good trades in a tricky market

Although the indexes are reaching areas of potential resistance, we noted at the end of Monday that we did not yet see an ending Elliott Wave pattern in the S&P. Instead, we were looking for a pullback to an area of previous support, to be followed by a higher high. This made for a nice […]

TdN was prepared for Wednesday’s short squeeze

Wednesday gave us a massive move upward in the equities indexes – a move that Trading da Numbers (TdN) members were prepared for well in advance. After noting on Tuesday that S&P / ES prices failed to make a lower low, and after seeing a potentially bullish Elliott Wave count based on reactions to our […]

June 17 — Early shorts got burned, but not us

The price action in the e-mini SP500 futures on June 16 began to selloff after the cash close. We at Trading da Numbas warned our membership to not get too excited about this and wait till today. This turned out to be good advice as any early short was likely to get stopped out in […]

Monday July 12th

Early morning had the Dow push into a 61.8% retracement of June 21st high to July 2nd low. This resulted in some brief selling that was unable to break a support range in the ES (E-mini SP500 futures) that was carved out in globex trade 1065.50. At the time of this post, 1:45pm eastern, indexes […]