Afternoon,

Happy Halloween! The market trended higher today and gave us a couple of decent entries. The first trade of the day was a trader’s trick set-up after a trend line break above the 56 EMA. The time was 9:09 am CST with a long entry of 511.40. The market continues up but we had no ability to draw trend lines.  Here is the chart for trade 1.

Trade 1

Click on chart to enlarge.

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Afternoon,

Well, I guess it had to happen. A total chop day led to 3 losing trades. I think that is the first time that has happened since I started the blog in January. Here is a chart of the chop today.

Chop

Click on chart to enlarge.

The first trade of the day was a trend line break above the 56 EMA followed by a trader’s trick set-up. The time of the trade was 11:54 am CST with a long entry of 499.10. Also notice on the following chart the side ways base that plagued us all day.

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Afternoon,

The market trended better than I expected today as we waited for the FED to decide what to do with interest rates. They decided to lower rates by 1/2 point to 1%. Now we can get back to focusing on something else.

The first trade of the day was a trend line break above the 56 EMA followed by a trader’s trick set-up. The time of the trade was 10:12 am CST with a long entry of 483.60. The trade stopped out for a 2 point loss.

The next trade was another trader’s trick set-up above the 56 EMA after a trend line break. The time of the trade was 11:30 am CST with a long entry was 488.90. Here is the chart for trades 1 and 2.

Trades 1 and 2

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