Binary 500 11/26/2013

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B11262013Balance 544.00 1 Trade 1 Loss

I messed up the exit. That last 15 minutes was a crazy down move. I had a ticket loaded, clicked to sell when the price was at 59 and it blew by my 55 order. By the time I reloaded the ticket price was around 35. Next Trade. The room had 2 successful trades that I missed. We shall get them next week.

 

 

Support Holds

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ES112320131773 area held. Price did exactly what I talked about last week. Mon-Wed down into old resistance which now has proved to be Support. I did not pick up any swing trades this week. Had a few that signaled but I was unable to catch. The swings I am in are doing great XLE, PRU and BAC. I love it when a plan comes together. So what to expect next week. I think traders are going to look for reasons to not trade. It may push a little higher then get choppy forming a base. Everyone have a Happy Thanksgiving. There are so many things of which I am grateful. In this order God, Family, Friends and the opportunity to serve through this amazing market. Happy Trading and again Have a Happy Thanksgiving!!!

The Binary 500 11/21/2013

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Binaries 11212013

Starting Balance; $500.00….Ending Balance $541.50

I am going to do something fun with this. I will share the binary trades I worked throughout the day at the close of each day. I want to illustrate how we can take a small amount of money and grow it rather quickly. I will start tracking this as if it were a $500.00 account. I must confess the actual trades I am taking are in a larger quantity at the beginning of this exercise. Anyway let’s see how this goes.

To Resist is Futile

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ES11162013What was resistance is now support. The wild thing is how this has broken the long term channel. Patterns are down my list as far as what I like to look for, however when they are as obvious as that channel you have to pay attention. I will start to look for how this behaves when it starts to pull back. The longs I am in are doing great. I am not in anything short and see no reason to short this market. So watch for the pull back and look for the strongest stocks to enter long. Happy Trading

All Time Highs Again

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ES11092013What can I say we are going higher. I really wanted to see a stronger pull back so I could get into more positions. I only picked up one swing trade this week which was BAC long. I had a position on PRU that I scaled due to the earnings report. I am not a fan of being in a full position going into earnings. Made money on the scale and earnings came in really good driving the price higher. Gotta love the fed. I am cautious here due to being at the top of the longer term channel. However the On Balance Volume (OBV) and Advance Decline (AD) are bullish. Price is telling me to look for the pull back but with the OBV and AD my intuition says “TO INFINITY AND BEYOND”. Going to be a fun week next week I feel.