HCPG Blog

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

Monday, July 18, 2011

Pretty Spot Worked

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We wrote this afternoon  near the bottom: “This would be a pretty spot to bounce – if bulls want it, this is the place to defend ” And once ...

SPY talk

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We tested the top of the previous range  last week at 3AM in the futures  and we finally tested it in the regular session today.   If there ...

Trading Screen Configuration

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HCPG trader screens are more or less configured in a similar fashion — emphasis is on a layout which  gives us a quick idea of what is happe...
Saturday, July 16, 2011

Screen Configuration Bonanza

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There are lots of threads out there on traders sending in snapshots of their workstations — that’s fun to look at but what is more useful fo...
Friday, July 15, 2011

Like a Zombie that won't go down

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Like a zombie that won’t go down this market keeps getting hit with bullet after bullet and yet refuses to roll.    Many are looking for a r...

SPY areas to trade against

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We’re at the close here and bulls  held the 20SMA/50% retracement of recent rally/  $ ES_F  AH low. So what if doesn’t hold?  Next support c...
Wednesday, July 13, 2011

Watch that Tuesday night low on the ES_F

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  Remember this line in the sand  we posted yesterday ?  It’s baaaaack: Tuesday 3AM futures tested and passed the top of range test.  We’r...
Tuesday, July 12, 2011

Thank You

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First of all, we completely forgot about our 5 yr business anniversary mark (June 13, 2006).    However, a belated note hopefully is better ...

Look what happened while you were sleeping

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We bounced right at the previous top of the range on the $ ES_F — click to enlarge: Too bad it happened at 3 AM…   Anyway, that’s the line...
Sunday, July 10, 2011

In it for the long term

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We’re active traders (probably 80% day-trade, 20% swing) and quite aware that the burn-out (and blow-out) rate in our business is quite high...
Friday, July 08, 2011

Market Talk SPX

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After a 100 point rip on the no-Greek default bottom $ SPX finally seeing some fatigue in the market.  That being said the market held the ...
Tuesday, July 05, 2011

March 2009 trend-line, linear versus log

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If you were watching for a bounce on the 2009 trend-line  you would have had two very different conclusions if your chart was set to linear ...

Daytrader Toolbox: anticipating breakouts

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In benign momentum markets such as the one we have enjoyed for the last week a lot of break-out moves start before the alert.   Two of our d...
Wednesday, June 22, 2011

My best purchase in a long time

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With that title you would think I (have to use “I” here, this one is all me, not from my partners who work in offices) I am talking about a ...
Tuesday, June 21, 2011

Charts are never enough

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We  rarely trade only on what we see in charts, nor in fundamentals.  We always defer first and foremost to price action (especially to dive...
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