HCPG Blog

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

Wednesday, November 16, 2011

Scum and Reversal

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  Three charts we’re watching closely for bullish confirmations are   $ GDXJ   $ MOS   $ GS .  What do they all have in common?  Possible br...

Not good enough risk/reward

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We sent this off to our subscribers (in the newsletter) after the close today: Usually we’d be in anticipation swing mode right now — that ...
Sunday, November 13, 2011

Bulls need to prove it this week

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This week should be pivotal — we’re right against resistance in many sectors and it’s up to the bulls to take the ball. $XLF through this...
Friday, November 11, 2011

Fat pig to slaughterhouse or breakout of range?

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We’re basing and filling in the handle — the more we test it the greater the chance of a break-out.   That being said everytime the bulls ...
Thursday, November 10, 2011

Support Long example GDXJ

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Excerpt from our newsletter tonight: We had on a few ideas yesterday for support long ( $OIH 120, $GLD 168, $SPY 120, $GDXJ 30.5-30.8 ...
Wednesday, November 02, 2011

New Normal in Currency Movements Charted

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Note how previous resistance of ATR (Average True Range) of Euro Futures ( $ 6E_F )  has now become support –  wild moves really are the “n...
Tuesday, November 01, 2011

EURUSD rip/death

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Picture says it all — click to enlargen  $ 6E_F Euro Futures
Sunday, October 30, 2011

This is how we trade reversals

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We’re all about looking for a tradable spot for reversion to mean trades, and then waiting for it to hit.    Sometimes it hits, sometimes ...

What started as boring night

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Yen intervention causing lots of fun and games in the overnight session — here are some levels we have on our radar: Let’s start with gol...

The most common pattern

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Looking through charts this weekend really brought home the new “correlation 1″ meme constantly written about these days in the finacial b...
Tuesday, October 25, 2011

Gold and Silver: Helloooo I'm Back!

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Silver ( $SI_F ) looking like it wants higher as it’s poking out of its range — has room to the 200SMA. Gold ( $GC_F ) reversed at 1705 r...
Monday, October 17, 2011

Updated Game Plan

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Our resistance short spot was taken out in the overnight session. Our $ SPY 123.5 short roughly corresponded to ES_F 1230-1233 zone which ...
Friday, October 14, 2011

Game Time

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Very bullish close for the market as it easily closed over 122 resistance on the $ SPY .   Next up is 123.5 which also coincides with 100SMA...
Wednesday, October 12, 2011

Our time frame is short

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We’re realizing, through comments left on our previous post, that there are readers of our posts who do not know our time-frame.   We are ...

Watch who you fade

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We can’t remember a time where levels worked so well –  anecdotally speaking — it seems to us that market just keeps getting more technica...
Monday, October 10, 2011

Hysterical Market Needs to Chill

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V type markets can be tough as they don’t let the “wrong side” traders out to breathe — when we went down the poor longs couldn’t get out ...
Sunday, October 09, 2011

The easy trade, the fade, and now what

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We always regret not calling ourselves “Base Trading Group — BTG” instead of HCPG.   Everything in our strategy circles around how we trad...
Sunday, October 02, 2011

Miscellaneous thoughts including market talk, strategies, and a defense of dip buyers who didn't get their heads bashed in

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We're short-term traders and probably a good 50-60% of the people we follow in our stream also share the same time-frame.      It's...
Friday, September 30, 2011

No Balls to the wall here

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We’re trading shy thanks to the amount of confusing information that we are seeing.  The most confusing of all is why the hell are we still...
Tuesday, September 27, 2011

Dead cat bounce or the real thing?

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he Euro-tarp rumor came out on Saturday and commodities were thrashed Sunday night before they bottomed.  We don’t think the rally has any...
Monday, September 26, 2011

A feeling of safety

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The market has held the August lows admirably, while  commodities all broke down through August lows, and today hammered from incredible o...

Some positives

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It's hard to get an edge on this market as computers trade to each other from one rumor to another but there are a few positives we'...
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