HCPG Blog

An educational blog which supplements subscriber service Chart Patterns are nothing but Footprints of the Greenbacks.

Friday, November 05, 2010

Market Talk

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SPY has blasted through the 200SMA weekly and doesn't look like it wants to stop anytime soon.  We believe at some point the weekly w...
Thursday, November 04, 2010

Fins, finally.

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SPX is extended at year high resistance, dollar in death spiral, techs notable underperformance today but into the close comes the massive f...

The Indy: Day trader Strategy

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We've been trading a lot lately a strategy we came up with 2 years ago -- we finally got around to giving it a name.  Welcome to "t...
Tuesday, October 26, 2010

Position Update

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Update: not waiting for stop, closed the shorts.  Why?  USD significant move up, X bad news, and market holding flat while momentum flying. ...
Monday, October 25, 2010

Market Talk

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Active traders like ourselves can't really be bears or bulls.  Traders like us just trade whatever sets.  However, we can have a bias, a...
Sunday, October 24, 2010

Market Talk

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We've posted this chart a number of  times over the  last little while at StockTwits -- it shows the importance of the 200SMA weekly ...
Monday, October 18, 2010

Overshoot Strategy, Post 5 Daytrader Talk

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We'd like to review one of our more difficult strategies that we use -- the overshoot into secondary support.   We've written about...
Wednesday, October 13, 2010

New positions

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Update, added DO to swing book.   3 longs, 2 shorts, net long.  With today's price action we are going to play it safe. Update II:  sol...
Tuesday, October 12, 2010

Next Focus

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As we wrote in our newsletter tonight our focus for tomorrow is the very juicy short setting up SPY 117.6-117.8 and IWM  70.5 We're no...
Wednesday, October 06, 2010

Buy the first test of support, never the second

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Our veteran subscribers have read this line literally a hundred times in the last four years, "Buy the first test of support, pass or s...
Tuesday, October 05, 2010

Target Trades

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Most of our trades fit in the following categories: 1)  breakout of resistance long 2) breakdown of support short 3) resistance short 4...
Monday, October 04, 2010

The Mighty Goldman Sachs

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Update:   we are selling some of the swing position into this BoJ market ramp and taking a more conservative position.   Moved stop up to to...

Market Talk

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Updated chart. Copper stalled at resistance, looking for pullback to at least first trend-line (yellow).   We'd only be buyers of a pull...
Wednesday, September 29, 2010

Update on steel positions

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Update on Update:   whenever our short and long go green at same time we think "it's a good time to flatten out".   Out QLD fo...
Tuesday, September 28, 2010

Watch the steels

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We think this sector is ready to wake up from its long slumber: Here are 4 we are watching (we're already in X looking to swing). Cl...
Sunday, September 26, 2010

Intermediate swing ideas

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If this rally continues then most likely the laggard commodity sectors will be playing catch up.  Here are some frew ideas for the swing tra...
Wednesday, September 22, 2010

Rotation Plan in Play Update

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Further Update:  Closed rest QLD short for 10 cents, closed TNA short for 25 cents,  Sold more OIH for 1.7 points.   Sold more XME over 53. ...
Tuesday, September 21, 2010

Rotation

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On Sunday we wrote on StockTwits that we were looking for a rotation into areas which were not extended and instead basing:  Tech got mor...
Monday, September 20, 2010

New Positions

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All updates will be edited on page on daily basis. We opened up a hedged swing today -- here are our positions: We know all about the ...
Sunday, September 12, 2010

Market Talk

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We're short term traders but sometimes we like to indulge in thoughts about the intermediate time-frame.   Warning: this is what we thin...
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