Teach Talk Trade Day Trading & Technical Analysis

The Blame Game–

“I have an friend. He’s an investor. He manages not only his own rather, but also those of some of his family, a responsibility which he takes very seriously. We share investment ideas, and some of the ideas he uses come from my recommendations, in The Morning Call and the Mechanical Monkey, among other sources. All in the family, right? Sometimes, one of those investment ideas goes south, and I feel compelled to send off an apology to my friend. Invariably, he responds in this manner – ‘Hey, don’t worry! I went into that one with my head up, did my own research and made my own choice. That makes it my responsibility, not yours…

‘ In this ‘victim society’ of ours, blaming someone else for our own mistakes teaches us! absolutely nothing. It’s a matter of personal choice and individual responsibility. Your recommendations offer value to me for one simple reason. They narrow the fields of my own research. I am not a professional, and I do not have enough time in a day to start from scratch. Your recommendations point me down roads which otherwise might not have been taken, and for that you have my gratitude. For what happens thereafter, or does not, I will take personal responsibility.”
Please take advantage of the FREE 7 DAY TRIAL to The Morning Call ( we discuss 21 futures, ETF’s, E-minis, NASDAQ & Solar & Alternative Engergy issues ) & The Mechanical Monkey where we discuss our mechanical trades.

Interest Rate Directions 12-05-07 (Wednesday): A Technical Analytical View of Futures, Eminis and Forex for online and day traders.

TYZ (December Ten Year Note): Stariway to Heaven?

Since 10/17/07, when the T8 turned positive, TYZ has trending up, yielding six points to long participants.  In commodity money, this equates to over six thousand dollars.

 We continue to preach the advantages of taking long positions on price retracements to the T8.  Going back to Halloween, there has been seven price retracements to the T8.  All of these opportunities would have been handsomely profitable through Tuesday’s close.

The CMO3, our momentum oscillator, has not smacked its upper trigger level.  Tuesday, the CMO closed at 84.31 and has plenty of room to move higher.  The CMO is such a swift judge of momentum, the indicator is deemed overbought, only at +100 (and then at times, it will stay overbought at that number).  

The direction of the T8, our exponential moving average and trend definer, continues to point up, and has been a strong trend indicator for the last 30-plus trading days. Any retracements to the T8 should be considered as buying opportunities.

Tuesday’s black candle, a spinning top,  is a sign of market indecision and not a reliable candle. Candles don’t give signals everyday and when they do, the signals don’t last forever. 

Ten Year Note TYZ07 12-04-07 (Tuesday): A Daily Technical Analytical View of Stocks, Furtures, Eminis and Forex for online and day traders.

On Friday there was a long entry trigger signal for the Ten Year Note at 10:20 at 113 26 which was a close below the lower SEB. The price of the Ten Year Note climbed higher for the rest of the day. The 34 ema is flattening and may turn negative if the price drifts lower.  The StoRSI was an oversold level at our trigger level.  On Monday, the price immediately went higher as the StoRSI breached the upper level of 80 and then closed above the inner SEB which is the exit signal.   I am hoping for a quick down trend in prices in order to get another long trigger since the FED will be possibly cutting interest rates on the 11th.  Watch for the next entry below the lower SEB band around 113 20.

Please take advantage of the FREE 7 DAY TRIAL to The Morning Call ( we discuss 21 futures, ETF’s, E-minis, NASDAQ & Solar & Alternative Engergy issues ) & The Mechanical Monkey where we discuss our mechanical trades.

Ten Year Note TYZ07 11-28-07 (Wednesday):  A Daily Technical Analytical View of Stocks, Furtures, Eminis and Forex for online and day traders.

Yesterday I had a long entry signal for the Ten Year Note at 12:20 at 113 22 and then an exit at 4pm at 113 31.  The price as of this morning is hovering at the 34 ema and below the T8.  the T8 has turned down as of yesterday also.  The StoRSI is at 4.21 which is signifying an oversold condition and we should see somewhat of a bounce today.  We are in a trading range with all eyes on the FED to see if they do cut interest rates at the December meeting.  If they do cut rates the Ten Year Note will move higher.  Watch for the next entry below the lower SEB band around 113 10.

Please take advantage of the FREE 7 DAY TRIAL to The Morning Call ( we discuss 21 futures, ETF’s, E-minis, NASDAQ & Solar & Alternative Engergy issues ) & The Mechanical Monkey where we discuss our mechanical trades.

Well back from Thanksgiving and what a day yesterday.  I just missed getting into the mechanical trade on the TY, it traveled below the trigger level but never closed below and then took off and I missed over a point…… The 34 ema is at 113 08 and is at a 45 degree angle so it is very strong.  One would look for some sort of retracement, I will look for that retracement and hope that I get a close on the 60 min candles that is below the trigger level of the SEB.  The StoRSI is at the overbought level and is pegging 100 but it can stay in this overbought condition for a while so lets see what happens.

We  I have been sitting on the sidelines for another day and the trend remains strong.  Friday I missed an entry from the mechanical system as the 60 minute bar had to close below the lower band and it closed right on the band which does not trigger a trade.  I missed out this time on a nice move higher but I will wait for a retracement of a close below the lower band.  It is easy to want to second guess the mechanical system but emotions and bad habits are taken out of the equation buy trading a system like this.  Right now this mechanical system has a record of 15 - 2  with an 88% win percentage. The 10 year note  TYZ07 has continued its climb higher and is in a strong trend.  I would love to see a big gap down today and trigger a buy but I will have to wait and see.   As a successful trader, one has to trade his plan bases upon the variables he has set.  Well let see what the market brings us today.  For those who like to follow a mechinal system to trade check out my Mechanical Monkey Swing Trading System. for stocks.

Since I have been sitting on the sidelines for another  mechanical system trade,  the 10 year note  TYZ07 has continued it climb higher.  Based upon my mechanical trade in the TYZ07 on 60 min candles we have to wait a bit for the market to come back.  The TYZ07 is in a strong upward trend and as of right now, it would have to retrace to the 112 level for another entry.  The system I am trading has given a 64.86% win ratio wiht 24 winning trades and 12 losing trades with a profit factor of 1.73.  As a successful trader, one has to trade his plan bases upon the variables he has set.  Well let see what the market brings us today.  For those who like to follow a mechinal system to trade check out my Mechanical Monkey Swing Trading System.

I have had a Long position on since yesterday using a mechanical system to trade the 10 year note  TYZ07.   Base upon my mechanical trade in the TYZ07 based upon 60 min candles.  This morning the TY gapped up and I received an Exit signal at 111′30.  The uptrend has continued so far this morning and I will now wait for another long signal as the 34 ema is in an uptrend.  I will be on the sidelines for now and wait for the market to come to me.  It is tempting to short the doubletop on the 60 min candles but I will let my system work, not be emotionally pulled into a trade.   As a successful trader, one has to trade his plan bases upon the variables he has set.  Well let see what the market brings us