The purpose of this is to serve as a closet, or attic, or self-storage facility. A place for me to store what I don't want to lose, all in one place, partly for me, but largely for those who may be interested in what I think about market stuff and trading stuff.

I've reserved the right to moderate comments. Assuming that this works, the point of it is to keep the blog on task as much as possible. Substantive questions will be answered, if I can, but good wishes and so forth will not be posted, not because I don't appreciate them, but because all of that is a lot for newcomers to wade through after a while, so please don't be insulted if you don't see your comment posted.

The first post is a link to a preview of my book. This may be of no interest to you whatsoever, but I do encourage those who are interested to at least look over it before plunking down any money for something that may be of little or no use to them.

Good trading.

For Mar 28 Posted 03-28-2008 at 08:48 AM by DbPhoenix Updated 04-21-2008 at 10:09 AM by DbPhoenix . Since this will be the last in this series, I've decided to do ES just for the hell of it. I haven't traded it in dog years, and even then I I didn't focus on it, so there may be more unpredictability here than I anticipate. On the other hand, I see no reason why the principles and tactics I've detailed in this series over the past three weeks shouldn't apply here as well. We'll see. . ... Continue reading... DbPhoenix

Posted in Dailies Comments 6

For Mar 27 Posted 03-27-2008 at 08:55 AM by DbPhoenix Updated 03-27-2008 at 07:07 PM by DbPhoenix . It appears that we are going to open within yesterday's volume range and price range, so the drill's the same as yesterday: buy support, sell resistance. . . Mid-day 0940 Hits and rejects the pre-mkt low. 0950 Rejects 13.5, then retests and rejects again. 0955 Testing pre-mkt low again... Continue reading... DbPhoenix

Posted in Dailies Comments 6

For Mar 26 Posted 03-26-2008 at 09:21 AM by DbPhoenix Updated 03-26-2008 at 07:24 PM by DbPhoenix . Looks like we open in the middle of yesterday's volume range, so we follow the drill: buy support, sell resistance. First resistance is the top of the range, second resistance is the range extension. . . Mid-day: 0945 A subtle TD on the 5s at 0941 as price hits what may be pre-mkt resistance. An aggressive short.... Continue reading... DbPhoenix

Posted in Dailies Comments 2

For Mar 25 Posted 03-25-2008 at 09:10 AM by DbPhoenix Updated 03-25-2008 at 04:36 PM by DbPhoenix . . Pre-mkt As I pointed out at the end of the day yesterday, volume appeared to be picking up to the downside, but it was actually the opposite. That it appeared to be picking up to the downside is a function of how one chose to view the data, i.e., the longer the summary, (e.g., 5m, 10m, etc), the more inaccurate the presentation. Therefore, one using... Continue reading... DbPhoenix

Posted in Dailies Comments 1

For Mar 24 post Posted 03-24-2008 at 04:34 PM by DbPhoenix . Pre-mkt A little BSC/JPM news lifts the market into the midpoint of the volume range. So we wait for a test of either support or resistance. 0940 And here we are at resistance. 0945 Spending a lot of time up here. 0950 Absorption and distribution are much like the cup-with-handle and the triple top: it’s easy to see in hindsight, e.g., the day or week after, but a bit more difficult in real time. Fortunately, one isn’t required to make the call... Continue reading... DbPhoenix

Posted in Dailies Comments 6