Blog
  • Register

The Pattern Trapper Blog

This is some blog description about this site

Soybeans Trading for Monday, December 10

The Pattern Trapper Market Update Blog is a companion piece to the FREE! Daily Pattern Signals Report.

For maximum benefit be sure to check out the On-Line Course.

 

The January Soybeans contract has fired 2 Day ROC Sell, Wide Range Downside Reversal, 90-10 Low Continuation, and Momentum Pinball Buy signals for today's trading. The 2 Day ROC Sell signal implies that today's principal trade direction should be to the downside. The Wide Range Downside Reversal signal tells us that Friday's trading likely marked a significant short term turning point with more downside to follow. The 90-10 Low Continuation signal suggests that Friday's late day move lower is likely to continue on into today. The Momentum Pinball Buy signal tells us that we'd want to consider longs if price is strong enough to break the first hour high. Cycle Indicators (chart at right) appear as if a short term cyclical top has just been marked, and the larger trend is to lower prices. Odds favor further downside in early morning trade. Look for an opportunity to sell on a break of Friday's 1470^0 low with a stop just above the 1480^2 level of the Daily Pivot. Price weakness below the DP may provide clues for earlier entry. The Momentum Pinball Buy signal, on the other hand, suggests we consider the long side if the first hour's high happens to be broken to the upside.

 

Forward this to friends and colleagues!     Disclaimer: trading involves significant risk and is not suitable for everyone.

1800 Hits

Natural Gas Trading for Thursday, December 6

The Pattern Trapper Market Update Blog is a companion piece to the FREE! Daily Pattern Signals Report.

For maximum benefit be sure to check out the On-Line Course.

 

The January Natural Gas contract has fired Wide Range Upside Reversal, 90-10 High Continuation, and Momentum Pinball Sell signals for today's trading. The Wide Range Upside Reversal signal tells us that yesterday's action likely marked a significant intermediate term turning point with more upside to follow. The 90-10 High Continuation signal tells us that the day's late day move higher is likely to continue on into today. The Momentum Pinball Sell signal suggests that IF the first hour's low happens to be broken, the market is telling us something completely different than originally assessed, and we'd want to consider a short position. Cycle Indicators (chart at right) appear as if a short term cyclical low has just been marked. Odds favor further upside in today's early trading. Look for opportunities to get long on a break of yesterday's 3.719 high with a stop just under the 3.700 level of today's Daily Pivot. Price strength above the DP may provide clues for earlier entry. The Momentum Pinball Sell signal, on the other hand, suggests we consider the short side if the first hour's low happens to be broken to the downside.

 

Forward this to friends and colleagues!     Disclaimer: trading involves significant risk and is not suitable for everyone.

1748 Hits

Lean Hogs Trading for Tuesday, December 4

The Pattern Trapper Market Update Blog is a companion piece to the FREE! Daily Pattern Signals Report.

For maximum benefit be sure to check out the On-Line Course.

 

The February Lean Hogs contract has fired 90-10 Low Continuation and Momentum Pinball Buy signals for today's trading. The 90-10 Low Continuation signal is fired when the day's trading closes within the bottom 10% of the day's range. It tells us that yesterday's late day move lower is likely to continue on into today. The Momentum Pinball Buy signal suggests that IF the first hour's high happens to be broken, the market is telling us something completely different than originally assessed, and we'd want to consider a long position. Cycle Indicators (chart at right) are moving into a region where short term cyclical lows often form, and the larger trend is to higher price. Odds favor further downside in early morning trade. Sell the break of yesterday's 85.625 low with a stop just above the 86.350 level of the Daily Pivot. Price weakness below the DP may provide clues for earlier entry. The Momentum Pinball Buy signal, however, tells us to change our bias to the upside if the day's first hour high happens to be taken out.

 

Forward this to friends and colleagues!     Disclaimer: trading involves significant risk and is not suitable for everyone.

1896 Hits

Follow-Up to March Silver Trading for Friday, November 30

The Pattern Trapper Market Update Blog is a companion piece to the FREE! Daily Pattern Signals Report.

For maximum benefit be sure to check out the On-Line Course.

 

I received a few e-mails asking me to critique what had gone "wrong" with the directional implication of Friday's March Silver Market Report, so I thought I would write a few short paragraphs about market expectations and developing a trading plan based on those expectations, using Friday's Report as an example. The trading concepts discussed below are a critical component of the Pattern Trapper On-Line Course. Please review the course description area for more detail. Click Here!

 

In a nutshell, experienced traders approach market expectations not in terms of being "right" or "wrong", but, rather, as a way of understanding where the odds lie, and developing a trading plan based on those odds. In regards to Friday's Report, Pattern Signal firings told us that the odds favored higher prices in March Silver. We were never triggered into that long because the prior day 34.490 level mentioned in that report was never breached. Instead, we had a test and failure of that level, which suggested that the odds were shifting to the downside. Price hovered around the 34.177 Daily Pivot for a while, but then broke down in quick fashion, telling us to get on the short side.

 

No one is going to be able to offer you a crystal ball for your trading. The best that a trader can do is to educate yourself so that you know how to interpret where the odds lie, and then develop a trading plan based on those odds, and also a contingency plan in case those odds don't play out as expected. Pattern Signal firings have some very high odds for follow-through. But when those odds don't develop as expected, the market is often telling us that it is about to do the opposite. Traders need to understand that, stay flexible, and LISTEN to what the market is trying to tell you.

 

Often, when Pattern Signal firings demonstrate high odds for a particular directional move, the market's inability to follow-through on that move by breaking a significant level of support or resistance is signaling that it is setting up to do the exact opposite. (i.e., in the case of Silver our significance level of resistance was that along the 34.490 level of the prior day high, which again, was never breached).

 

Please refer to the chart below for a review of the way the day developed, and how our expectations changed based on what the market was telling us. Again, for further details on how to develop such an approach to trading, please refer to the Pattern Trapper On-Line Course. Mention this post when ordering by phone and get a 20% discount.

 

Register to get these forecasts delivered directly to your in-box at www.PatternTrapper.com.


1744 Hits

March Silver Trading for Friday, November 30

The Pattern Trapper Market Update Blog is a companion piece to the FREE! Daily Pattern Signals Report.

For maximum benefit be sure to check out the On-Line Course.

 

The March Silver contract has fired 2 Day ROC Buy, 90-10 High Continuation, and Low Breakout Continuation Setup signals for today's trading. The 2 Day ROC Buy signal implies that today's principal trade direction should be to the upside. The 90-10 High Continuation signal is fired when the day's trading closes within the top 10% of the day's range. It tells us that yesterday's late day move higher is likely to continue on into today. The Low Breakout Continuation Setup signal implies significant downside IF yesterday's low happens to be taken out. Cycle Indicators (chart at right) are mixed, but the more immediate trend is to higher prices. Odds favor continued upside, but the Low Breakout Continuation Setup signal tells us that we'd want to be on board any downmove. Trade the break of yesterday's 34.490 high to 33.610 low range with a stop and reverse on the opposite side as the entry. Price action relative to today's 34.177 Daily Pivot level may provide clues for earlier entry.

 

Forward this to friends and colleagues!     Disclaimer: trading involves significant risk and is not suitable for everyone.

1829 Hits

March Coffee Trading for Thursday, November 29

The Pattern Trapper Market Update Blog is a companion piece to the FREE! Daily Pattern Signals Report.

For maximum benefit be sure to check out the On-Line Course.

 

The March Coffee contract has fired Wide Range Upside Reversal, 90-10 High Continuation, and Momentum Pinball Sell signals for today's trading. The Wide Range Upside Reversal signal tells us that yesterday's action likely marked a significant intermediate term turning point with more upside to follow. The 90-10 High Continuation signal tells us that the day's late day move higher is likely to continue on into today. The Momentum Pinball Sell signal suggests that IF the first hour's low happens to be broken, the market is telling us something completely different than originally assessed, and we'd want to consider a short position. Cycle Indicators (chart at right) appear as if a short term cyclical low has just been marked. Odds favor further upside in today's early trading. Buy the break of yesterday's 155.35 high with a stop just under the 152.43 level of today's Daily Pivot. Price strength above the DP may provide clues for earlier entry. The Momentum Pinball Sell signal, on the other hand, suggests we consider the short side if the first hour's low happens to be broken to the downside.

 

Forward this to friends and colleagues!     Disclaimer: trading involves significant risk and is not suitable for everyone.

1806 Hits

March Wheat Trading for Wednesday, November 28

The Pattern Trapper Market Update Blog is a companion piece to the FREE! Daily Pattern Signals Report.

For maximum benefit be sure to check out the On-Line Course.

 

The March Wheat contract has fired 90-10 High Continuation & Reversal, Low Breakout Continuation Setup, and Momentum Pinball Sell signals for today's trading. The 90-10 High Continuation & Reversal signal is telling us to look for morning follow through on the strong close, but to expect a likely reversal once the initial move has topped. The Low Breakout Continuation Setup signal implies significant downside IF yesterday's low happens to be taken out. The Momentum Pinball Sell signal suggests that IF the first hour's low in today's trading is broken, the market is telling us something completely different than originally assessed, and we'd want to consider a short position. Cycle Indicators (chart at right) are moving into a region where short term cyclical tops often form. Odds favor continued upside in today's early trading. Buy the break of yesterday's 889^0 high, or even earlier if price can demonstrate strength above 880^4 level of the Daily Pivot. But stand prepared to exit or even reverse if we get appropriate price reversal patterns and/or Oscillator Divergence near important resistance levels. Our Normal High Range Projection level of 901^2 or the Extended High Range Projection level of 910^6 would be likely areas for such a reversal to take place, as would a test and failure of yesterday's high.

 

Forward this to friends and colleagues!     Disclaimer: trading involves significant risk and is not suitable for everyone.

2007 Hits

Testimonial

"I have found your service to not only be accurate but extremely educational. It is the perfect tool to use to create a winning game plan. All material is presented clearly and backed up with detailed explanations of the methodology being used.

In my ten years as a professional trader I've learned that there's no magic "system" but the tools taught in the Pattern Trapper combined with hard work will give you the "edge" that every trader desires."

Phil Telpner
Chicago, Illinois

Testimonial

"This is a rare gem of a course. Throughout you get the undeniable feeling of being guided by someone who possesses great learning, maturity and experience. This is the first time that I have felt I have truly got my money's worth (and more) on any course. Thank you. You have my greatest respect."

Khushiram Lalchand
Cambridge, United Kingdom

Testimonial

"I've taken a number of trading courses and seminars over the years, and have still managed to make all the classic mistakes and consistently lost money. But in the Pattern Trapper I found the one thing that had been missing from all of my previous trading efforts....Structure!  It is a completely new revelation to me, and it is at the core of your teachings. Nowhere else have I seen such a simple, logical blueprint for creating and implementing a consistent trading plan."

Richard Roe,
Oakland Park, Florida

Testimonial

"Over the last three years I've taken many weekend courses given by numerous self-proclaimed experts. The information offered in the Pattern Trapper was found to be far superior. For the first time I see the same underlying structure in the market as the professional floor trader sees. Your course is well worth the price, and, I might add, well worth the time spent."

Jim Nobles MD
Baton Rouge, LA

Testimonial

"You've done many of us a tremendous service by synthesizing so much material and years of experience into such a structured methodology for approaching the markets."

Paul Gikas
Athens, Greece

Testimonial

"You've probably heard it hundreds of times but... I am really enjoying your course! The way you present it enables me to grasp the concepts quickly. My first run through the entire course will be complete this weekend. I'm excited to watch the markets next week from an entirely different viewpoint!"

Mark C.
Columbus, Ohio

Testimonial

"This is perfect for day-trading because it offers a way of arriving at entry and exit points that make sense. As former Education Director at Lind-Waldock I can't think of one person who asked for a refund after taking the course. Call me for a personal consultation on how you can incorporate the Pattern Trapper into your current trading strategy: 312-399-1851."

Neal Weintraub - author of Tricks Of The Active Trader and Trading Chicago Style

Testimonial

"After 30 plus years of successful trading, why on earth would I take The Pattern Trapper trading course? After so many years it's so easy to get a bit lazy, take shortcuts and thereby get a bit careless now and then. I heard from other professional traders that I should take a look at Pattern Trapper and I am so glad I did.

For the professional, Pattern Trapper is a refresher course for trading with discipline. I am back to doing what made me successful and I thank your course and service for that. Pattern Trapper is now part of my daily routine and we all know that routine is so very important in trading consistently.

For those who want to learn the methods and discipline of trading, I recommend the Pattern Trapper as a worthwhile addition to your daily routine."

Manning Stoller
Active trader since 1968 and an original advisor to the Commodity Futures Trading Commission.

S5 Box

Course Login