I don't smoke marijuana, but I do think it is idiotic that it is illegal. Joe Rogan - as usual - is spot on with his letter to Kellogg's. But as a general rule, Joe Rogan is usually right...and I don't just say that because he once commented on this blog . Dear Kellogg’s, I’m writing this ... Read more

I have been receiving feedback that occasionally when readers come to the main page the posts are not there. I experienced the same thing a few times over the extended weekend. There is an easy workaround - if the posts are not there, go to the right sidebar and under the drop-down box "THE TRADER ... Read more

A red day all around: Dow, -3.79% Nasdaq, -4.15% S&P 500, -4.56% Go figure that two of my best trades were on the long side. Both were variations of the "push through" setup. AU gapped up and printed a wide-range first bar. The second and third bars narrowed in range and pulled back to t ... Read more

They just keep coming: HOUSTON — Stopping what it called a “massive ongoing fraud,” the Securities and Exchange Commission on Tuesday accused Robert Allen Stanford, the chief of the Stanford Financial Group, of fraud in the sale of about $8 billion of high-yielding certificates of depo ... Read more

I made some updates to " WELCOME AND LINKS TO KEY POSTS ". The link appears at the top of every page, and if you are new to the blog you should click it and read through the posts to find out: Details about my trading style "Comment's" etiquette Information on Fibonacci, Watchlists, and Candlesti ... Read more

Happy Valentine's Day. Every year I ask the Trading Goddess to be my Valentine, and every year she turns me down. Bummer. Over on "The T.A.D. Principle" blog - a blog you should be reading every day if you like motivational quotes - David posted a video that really caught me off-gu ... Re ... Read more

In "Comments" of Friday's post , Joe asked the following: "Trader-X, I would like to get your thoughts on KO. 4th bar hammer, 10-minute chart. Would you have taken it and why/why not? Thanks for a GREAT blog." My response was: "Joe- If you draw a line at the halfway point between the hig ... Read more

Monday is a market holiday, so I hope everyone is prepared for an extended weekend. I am actually feeling a little ill, so I will probably spend most of my weekend resting, catching up on charts, and watching episodes of "The Office" (and other shows that have been on my Tivo for months). A trade ... Read more

I am trying to keep with my new schedule which is to post charts on Tuesday, Thursday, and over the weekend. But I have a function to attend this afternoon/evening, so charts will not be posted until Friday. And being a huge Yankee fan, all I can say about A-Rod is obviously he quit taking steroid ... Read more

There have not been many textbook setups on Monday and Tuesday, rather variations of the setups I posted about last week . The market began to reverse today on the third 10-minute bar and by the end had already moved off the morning high. So a classic "top out" setup was not in the cards. But ... Read more