Home - Introduction

Daytrades

The pages listed to right contain references to my personal trading philosophy 
ever since I started out in this business (1972)...It has been a long, strange trip...
I include the DOW 30 plunges, charts and other pages to show that certain price action patterns
 have remained constant...They are amongst the many things about human interactions
 that have remained constantly repetitious throughout history. Some of my favorite sayings:

A goal without a plan is just a Daydream 

Those that are ignorant of  (or choose to ignore) history are doomed to repeat it

 I originally used this blog to keep track of all sorts of things

that interested me as well as my trading ideas...

 I've replaced most of the earlier posts and charts with newer content. 

 Although I still update these pages occasionally, I post more frequently to:

 Sharpshorts Day Trading

My main blog - I post my methodologies, a daily log and all things related to 

Trading for a Living, not a killing.

Sharpshorts Daily Trade Results

I post my trade charts, comments and entry rational every day. 

EOM statistics and summaries are included too.

The picture below describes a simple trading strategy 

 I created the picture back around 2005, borrowing heavily from a trader named Brach who was adept at using

 wedges, wave counts and Fibonacci levels in his trading. I still find the methodology valid today...

The methodology : (05/22/2015)

The methodology : (03/06/2014)

The methodology : (03/20/2014) 

The methodology : (11/28/2014) 
Price Action, Patterns, Signals = Reversal

Another simple methodology using Price Action, Divergence and Slingshots

The chart below depicts patterns that continually repeat themselves 

 -- in all markets -- on all time frames -- all day -- every day --

 IMO,  Understanding and recognizing Price Action is the most important aspect

 of charting that any technical trader should learn.  

Eating the Bear for breakfast

And it still wasn't done...but you need to be on your toes when the majors open...

Was a nice little $1380 run before it was done

TRADE for a LIVING, NOT a KILLING...Conventional wisdom: Trend trading is reasonable, picking reversals is a fool's game...IMO the former is the more difficult task of the two...REVERSALS RULE!...I use Price-Action, Trend Line Breaks, Divergence, MOF's, Slingshots, 2B Dragons, Brach Zone Fibonacci...All are easily recognizable patterns that constantly repeat, in all markets and on any time frame.