Tackle Today: Trading can be so romantic
October 5, 2018
≈ Everybody loves a little romance. ≈
Hollywood loves to tell us stories that stir our emotions and capture our imaginations, and perhaps the most memorable cinematic moments of all time are those magical moments known as the “on-screen kiss.” Woooooo, be still our beating hearts.
Ah yes, the on-screen kiss… which for a trader has a totally different meaning that’s half as romantic but twice as exciting. Yes, you guessed it, we’re talking about the kiss goodbye chart pattern. That beautiful beautiful “on-screen kiss” a pattern that we’ve trained our eyes to see, not on the silver screen, but on our computer screens.
Queue the kiss goodbye chart pattern, which appears to be setting up on the Intraday chart of the S&P futures just in time for today’s open. If this story plays out as we imagine and we in fact do see the kiss goodbye pattern confirm on our screens today, we might be in for quite a show.
So grab some popcorn and tune into the market for an epic action packed romance story featuring the bears and the bulls, watch closely for the passionate kissing scene and most importantly, if we do see confirmation we want to be more than just spectators, we want to be ACTORS… Lights, camera action!
Chart of the Day
Kiss Goodbye
An intraday kiss goodbye is setting up on the S&P futures chart just in time for today’s market open.
Video of the Day
What is Average True Range (ATR)
Volatility Measurement also known as the ATR. Used by traders to measure the degree of price volatility. It is generally measured using Daily Candlesticks.
Today’s Lineup
OPTIONS THEORY
How I Deal with Gaps that Steal My Entry
It’s the weekend. You’ve scoured the Options Report, found your favorite setups to trade for the next week. You’ve set your alerts or entry orders, Monday arrives and BAM! the market gaps higher right out of the gate robbing you of the ideal entry.
Coaches Lounge 11am EST
Join the coaches in this live lounge, ask questions, discuss ideas or just sit back and listen to veteran traders discuss market conditions.
Cashflow Club Replay
If you missed last night’s episode where Coach Tyler talked about both bullish and bearish cash flow strategies or would like to watch it again, check it out here.
Halftime Report 12:30pm EST
The Halftime Report starts at 12:30 EST and covers what news is driving the market, chart analysis from the movers and shakers of the day and fun in a way that only Matt and Tim can deliver.
Market Recap 4:30pm EST
The Market Recap is designed to give you a quick overview of the day that was. While brief, this report is designed to cover all of the major events that drove the markets that day and help you plan for the trading day ahead.
