minoo

FB prices have come to my next area lower to Average In While FB is trying to make new low here (around 26 ish) ES is trying to make new high, with Market Internals staying positive A classic price divergence The only thing to wait on FB is now the Net Vol to turn positive after price dipping below 26 I would like to Average in another part of the first-lot, When Net Vol turns positive on FB. Refer FB Chart Enjoy Minoo As I post this the 26 area is being tested on FB, EST 1518

The 3% profit is deployed as stop loss below the low so far as my entry is Averaged in near the low; FB is coming to test this low so far at 26.61 ES futures mean reverts to VWAP, test from above so hopeful of positive test for support here, EST 1100 + I got to work my ES entry at VWAP (If ES falls 2 point below VWAP most probably I will exit out of FB) Refer FB Chart for entry and test of area Good Trading Minoo

1 June Inside Day Gap fill at 27.72; So locked in profit Seeking entry further below, I will try to avearge into this by buying it cheaper than my first support entry below 27 or when it again crosses my 1st support level above Will FB make double bottom or 2B type divergence pattern ? 10:15 EST Refer Chart, -Ta Minoo

Thankyou all for the response, much appreciated I mostly daytrade futures and cyclically invest with ETF and use option or futures for hedging my portfolio Have so far left individual stocks alone and thought to take up the challenge with FB (Dont particularly know why it appeals to me but a challenge) I dont normally initiate an investment without proper insurance to the support area (ie put options) Enroute to London when working for a prop firm in London; One of the respected trader told me in flight: Just as one buys insurance before their travel one should do the same with any of their investment till atleast you can lock in profit. Since following the advise, I have done well with my protfolio & managing the Assets accordingly. I also believe in Sell in May and Go Away; Got rid of various Commodity based Assets and looking to Diversify a little now. With FB I missed taking out the put options and its coming to some initial support (refer aobve chart). I have work out to average into this stock so bought the first lot below 27 (@ the1st support on my chart) and plan to average into it till 23.5. This initial execution may work out as mean reversion phenomena may help the stock, I may employ this profit as stop loss margin later. Every 1% in profit I will Scale in and at 3% in profit I will lock in some gains. Good going so far. Updating this in the initial half hour of the market open, so there are no hindsight doubts. Any feedback appreciated; Now back to trading ..... Thanks Minoo

Is Facebook showing good value now or has still further to trade down How would you possibly analyse a recently (very limited Data) floated share like Facebook Its around 40% lower than it inital hour trading high of 45. 4th June close 26.89 and Low so far is 26.44. Would like to identify viable support (23.5 ?) level to start accumulating (average into) this stock ? ? Would like your Analysis & Comments about this particular stock Thankyou Minoo

Most need help in Keeping-One and not Making-one Just like Trading Most of who just Try, easily Fail Only 3% stick by their New Year Resolution and achieve something out of it The rest just unwittingly Bargain the first Self-Deception for the New-Year, either knowingly or un-knowingly Politics of Promise of doing something Better tomorrow is easily done by our foolish Brain than a Mindfull-Now. Here 'The Least part of Resistance' is taken by The Brain. Compartively Speaking: I think The Psychology of Commitment and Discipline involved would be as mentally challenging for a Learner to go through the 'L-Earning Process' of Trading And for an 'Earner' to abide by his Trading-Plan. Enjoy Minoo

Yes, You can apply the same system on Gold too, with a little bit of modification for the parabolic rise and intermediate cycle support I would add / replace here is type of Moving Average to accomodate the volatility and parabolic nature of the instrument. Intead of EMA use or add Weighted MA (dashed line) refer to the chart This will show better lows of the Intermediate-Cycle at the Weighted MA. RSI has OB and OS levels set to 80 and 20 respectively Another Tip: During Volatility be particularly aware of outside or inside Bars (refer previous chart to see them at the volatile phase) as you all want to partake in the Bull phase (for accumulation) than first lot at cross of the hi of the inside bar. Trend Yes this are monthly charts so higher-high and lower-high of each Bar could be consider in your trend definition (Remember, This is for your Big Picture) So when you get lower highs and lower lows above your line than you know what to do (lock in profit, stop out, etc action) a good addition to your system! Its just past midnight here in London, So Good night to you All Folks Enjoy Minoo

Bob The best way I can help is with an simple system example (Sun this is mostly to do with Investment or Pension related, Day trading (prefer Swing) is I do when I need to hedge my current running positions so do not loose out much when market is correcting or insured if correction may lead to change) Using your Big Picture scenario & analysis one can decide which Assets they would like to have exposure to for both Bull and Bear style of trading. Intermarket Relation may get disrupt due to world geo political news situations but eventually they will correct (to mean or trend direction) I refer you to this recent article from Doug Short Current Market Snapshot So it seems S&P & Indices are just in Positive Territory, Big Picture is very important Atleast every other week one must study their monthly charts of different assests (Indices, Commodities, Agriculture, Energy, 'Dollar & Bonds & Yields', etc) Dollar mostly inversely proportional to other Assets, if you find an asset rising or stable when Dollar is strong than you have found possible Bull Streak Assest Currently the Precious Metal Sector shows that streak, but with on going Bull Phase one struggles to step in as prices are already high. One needs to average-in this Bull Asset during intermediate correction phase and scale-in during the Bull resumption phase. In your system you need to have your charts for the big picture and intermediate cycle as an investor and do things accordingly per your defined system; Where I fail is when I let news or media and current affairs influence (delay) my decisions and not use appropriate size stops according to present volatility. What I have found is price (weekly & monthly) already reflects the current world and political condition, so must not on top of that doubt what I hear (news) and simply act to adhere objectively per what I see in my defined system Bobs Bull Bear System I will futher simply the above monthly chart for yourself and define a Simple Bull / Bear System using readily available indicators In the Below chart we have now two things only: Moving Ave (Exponential 13) any other of your short term line) RSI (or any of your favorite oscillator MACD, Stoch, CCI, etc) Short System Description Two consecutive closes above or below EMA 13, with RSI cross at 50 confirming. (One can add to the above for accumulation, when price nears or touches the EMA (intermediate correction) and close above it, with RSI > 50) Refer to chart or create your own and see so far has the system tested fine and what is happening currently ? ? Note The current month is still in running & also note the Gaps (orange line) above and below. Hope this helps (sorry in a hurry to go out with the kids no time to proof read now) Regards Minoo

Road to Nowhere Dated: 11/11/11 Bear leads road to no where, over 13 years and we are around the same spot 1300 (S&P500) From March 2000 Hi to March 2009 Low, 61.8% retrace is around 1300 Mark Put up an monthly chart of your favorite US stock indices and see where the prices were 13 years ago and now An excellent article by Kevin McElroy What You Have to Know About Bear Markets - www.wyattresearch.com Enjoy Minoo

Luggable! Seahawk | ACME Portable Machines Enjoy Minoo

My Weekend Exit, again used $Tick to tighten stops to get out, a long boring day but very rewarding, Note the 31 May Gap fill is at 1338.50 normally I attempt to play on when Gap fill target are near. At time of posting its still couple of ticks around the exit level. Market continues more often than not. Enjoy the Weekend Guys Minoo

An Excellent Article: (Good Educational Value, absolutely worth reading) By Gary Savage Gold Scents: SIGN OF THE BEAR Enjoy Minoo

It may be too much to learn from the ladies for some guys here (I have done more learning from all the ladies in me life than ever will I from any other Gender, including the so call Big One (presumably male too)) But for those who have Open Mind (OM!) may attempt a read Hopefully we provoke no such outburst again What Traders Can Learn From Women Enjoy Minoo Edited:http://www.thestar.com/specialsections/onlinetrading/article/893818--women-are-better-at-trading-online-study-finds

Thanks Siuya, Hear it from Stephanie Radkay who has spent 10yrs in the Chicago pits trading the S&P500 & Nasdaq Do Woman Have an Advantage or Disadvantage in Trading? - Trader Kingdom If you have time than try this out, she starts just after 7mins in the webinar Balance Risk & Commitment Trading Index Futures_0 Enjoy Minoo

Thanks for the comments Those punters who could not figure-out (no pun-in) the mini-sized symbol in my previous comments A$$@' is pronounced as in 'Asset' & nothing other! Here is an excellent article which will enlighten us a bit more +--------Two Extracts which may sum up these evolved creatures well ---------+ While male traders are natural risk-takers, women are more risk-averse, says the study. That's fine in a "bull" market – when shares are going up – because men are more likely to make huge sums for their clients. But when the stock market is in decline, women sell shares earlier and losses are much smaller. In fact, according to the report by investment bank Dresdner Kleinwort Wasserstein (DKW), on average they lose half as much as the men. Her experiences bear out the DKW study. "When it comes to a stock portfolio, women tend to look at the whole thing, while the men prefer to select particular investments," said Ms Zenek. "Men are aggressive buyers, but that either gives you staggering out-performance or staggering under-performance." Men, she said, have more confidence but they also demonstrate "a tendency to fall in love with their investments". For full Article By Leo Lewis If you want to make money on the stock market, deal with a woman - Business News, Business - The Independent Enjoy Minoo Edited: Some of you may be interested in reading the Book Confessions of a City Girl, This book started out as an column in an London Newspaper http://www.amazon.co.uk/Confessions-City-Girl/dp/0753519763/#_

Ingot what can I say, you are truly an Saint in my book; You have patience with your half, can manage a dialouge, a real trade & learnt something from the Expereince of it all! My Respects to you man. +-----------------------Below is my Deal--------------------------------------------------------------+ Here is past experience with the very unpredictable and volatile Instrument classed as WIFE Symbol: $Spent; (mini-Sized Symbol: A$$@) Truly Dollar is the King here, and man's Best Indicator Simple $Spent Strategy We Agree, We do it Your-Way When Not, We do it My-Way As a humble Trader I rather be less wrong, then try to be Right Whichever Da Lady, I have long given up my right, to be right No RR nor even PnL, But Just G&T (Give & Take) Wait till your till starts ringing man, what you hear may all change Enjoy Minoo Take note: With market though The Simple Strategy, works the other way Round

Once this clever Dick, Who ammended his Trading Bill Last Trading Amendment: In All ways & Always Treat the Market as 'DA Lady' Attempted this for me trader friends, bog down with the Lady on the last polling day http://www.traderslaboratory.com/forums/general-discussion/4807-poem-lady-market.html You will find the template of your Bill somewhere here, (what amendments you elect its down to yoU) Gamblers First Squawk'd: 'Son I make my life, out of reading 'peoples faces', ... . .. Enjoy Minoo

Fruitful but challenging day to trade but with Patience and Market Internals help one could pick the moments Today was mixed Market Internal (MI) day and difficult day to trade at times slow and volatile both Mixed in my book means: Even though Declining issues > Increasing Issues and Down Vol > Up Vol, so pressure is presumed to the downside; But $Tick started to kick and trade above Zero line and also several hits pass +1200 levels. Market was able to trade up close the 20th June gap at 1273.75 and almost close todays Gap (ticks shy of Gap at 1279.50, todays session high was 1279.25) As the MI pressure was to the down side I faded the +1200 $tick levels Second time fade was when +1200 tick level and also 20th June Gap filled at 1273.75 with Vol spike bottom right of second chart Refer to the first two charts (Note the $Tick is top left of chart) After Sell programs kick in at support (Orange fib line) But the market failed to lead lower so I establish long after some tape flow and buying tails were evident & scale into positions almost till todays Gap fill target level. Refer to the last two charts I broke quite a few Guidelines in my book though, was difficult day and should have close shop atleast on time. But Traded longer than I should have and took more trades than I normally do; Plus kept playing the ES instead of NQ & too many scalps. So no trading for me tomorrow. Ok enjoy, hope it helps Trade Well Minoo

Here is another one, this time I used NYSE $Tick to exit after it consistently remain mostly above zero line. (for $Tick & other Market Internals explanation refer to Tims thread link at end of thread) No I donot trade ES all the time, I simply cannot do it consistently I only know how to trade ES consistently when there is preference in Market Internals (MI) when non-price data shows preference, (ie $Tick, Upvol, DwnVol, Incresing / Decreasing Issues, Prog Buy/Sell aletrs plotted on left side of ES Chart) For me without Market Internals preference its very difficult to trade ES; But when the floor/pit BIAS is indicative than mostly it results in TrendDays and its easy to DayTrade ES and the eminis than. Markets trend around 30% or less so I trade ES mostly on such days first as daytrade than may keep trades as swing, if MI develops more positive or negative BIAS. Other times I play ES is when there is good breadth between globex only Hi and Low (Pre RTH) or When it becomes evident with early MI readings that Gap fill is an good possibility. I prefer to scalp other eminis (NQ) on basis of MI and ES price direction & slope. But will avoid trading ES if Market Internal Preference is lacking. If you are new than I suggest look into the thread by Steve46, Ideas for struggling traders. http://www.traderslaboratory.com/forums/e-mini-futures-trading-laboratory/4333-ideas-struggling-traders.html There are excellent threads here on TL for $Tick, and other Market Internals stuff, please use search feature http://www.traderslaboratory.com/forums/market-internals/4299-tutorial-nyse-ticks-2.html Market Internals - Traders Laboratory Forums Last Fri 17June ES chart has far too many things evident with the Hindsight view; Why I pulled or Trigger into Trade from what I can remember is I got sound-alerted from $Tick chart hitting -1200 level. I am not sure what other things appealed to me in real time than. There were too many expiries so normally I am cautious to trade those days With the hindsight you can see the below in the 17 June ES Chart above Historical Gap had filled solid orange line (my previous exit point) Double divergence and Doji bar (on price progression chart middle-one) Have a look at how the other Market Internal (MI) chart lines shows the hook up and down (ie UpVol hook up and DownVol Hook down, etc) Lastly the minute chart (right side) shows WRB target exhaution price bar with subchart indicating Volume Spike & OBV (black line & orange dots length 3 period OBV) right at the botton (than OBV Hooked right up, sorry the obv-hook had not plotted yet in chart when I placed the orders or snapped the above chart) I have a eye-ball routine to monitor / scan my charts and have place things in corresponding locations so can get the view of things together which matters Routines are always from current 'Price to Counter-clock' and from 'Price to Clock-wise' TFT scans. I have two 24" TFT the other one I use for directly related or oppositely related instrument (Price to confirm price based on intermarket relations) The other monitor only needs clock wise eye scan routine. Also as market progresses I mark the chart of the live happenings (trendlines, break levels, patterns, price bar pivot antcipation, confluence of areas, etc) this helps me to be interactive and act on time rather than miss or be late with analysis of right side happenings. In short I use Routine and Process & interact with live price and non-price data to trade the eminis successfully. I sometimes squawk in my mind this keeps me focus. Hope this helps Enjoy Minoo Thanks for the link, Pl. also refer this new thread. Thanks Tim http://www.traderslaboratory.com/forums/trading-articles/10111-breadth-ad-line-tick-trin-how.html

S&P Gap Fill Trade Here is an sample of S&P Gap fill trade, (1263.5 yesterday RTH session close) As the market is extremely bearish waited for the retest with Divergence I took this Counter Trend (normally would have passed) on strength of market internals data on positive side throughout the RTH session (Note: UpVol > Dwn Vol and Increasing Issues > Decreasing Issues) I also use S&P area & data as BigBrother and execute similar in NQ, So went long NQ as well consecutively & managing the trade may scale in as it provides the opportunities towards the VWAP (mean reversion) not much time left for EOD So far been Bearish throughout the summer on the indices and mostly out Have a good weekend Enjoy Minoo

Every summer I target something new to learn, I always wanted to catch up with Bonds. I use them in my intermarket and money flow analysis, have never traded Bonds futures and would like to do some learning first. Jack Broz comes recommeded from the floor. Any alternatives, advise feedback will be well appreciated. Thanks Minoo

Seasonal Enlightenment Here is an excellent article by Sy Harding Street Smart Report Online I dont believe in any fix dates to be either in or out off market (swing style) but just as my charts indicates and anticipate the seasonal effect tighten stops for market to pick me out early. Enjoy Minoo

Hi, Here is Silver Day Trade Charts, I have tried to annotate the exit chart so you know the entry & exit logic (I cannot recommend trading silver or not for you / anyone. You got to make your own calculation & analysis too) It doesnot matter how much of good analysis you get You need to know your own Big Picture as it develops (market mental map) to act on time & opportunity I do my own analysis first and respect others too; Keep Open Mind in trading, Preference is fine but not BIAS, Patience is something I desire more off myself too. Its a seperate account for Silver to suit the margin, volatile & my learning of this instrument. Play it safe or you pay for it. Will Silver Spike and break lower overnight ? ? No I am flat for swing positions for now Yes, The Dollar trade was expectional opportunity but all in the Hindsight now; Contarary to Public, Yes; But not Controversial to Self. -Enjoy Minoo

Here is Delta Report by Kirby, He uses Fibs, RSI and Trendlines in his Analysis And also Delta (by Welles Wilder & Jim Sloman), which I simply use as S&R time levels (ie events). I have his permission before I post here Enjoy Minoo 11-05-11 Delta Timing Over-Under Metal Report.pdf