Emini S&P 500 Short Term Trading

[MightyMouse 12]

Filled at 95.5 and stop is at 1310.50 and trailing it down

[MightyMouse 12]

a miserable trade. I am committed to staying short until 1310.

 

It seems a little too long for the price and volume, but I am biased by hope.

 

The general direction is down, but we are in a balancing range where shorter term currents prevail.

 

If we get to 1310, i will probably reverse.

[johnw 10]

Filled at 95.5 and stop is at 1310.50 and trailing it down

 

 

Might I ask what you saw at 95.5 that suggested a trade

[MightyMouse 12]

Might I ask what you saw at 95.5 that suggested a trade

 

Johnw,

 

The simple answer is that it appeared to be continuing downward. When it has that appearance, I take the trade.

 

If we were at 1270 instead of 1304, it would have been a brilliant entry. Unfortunately, it went to the latter and not the former. Time may change that, even though it appears very unlikely at the moment.

 

MM

[MightyMouse 12]

I have a few choice words for this market, but the most appropriate word at the moment is "Push" or possibly "Push Please".

[MightyMouse 12]

Bringing stop down to 1308 if we do not go lower than 1299.75

[MightyMouse 12]

Out at 1308

Getting long at 1310 or going short again at 1300.25

[Tams 20]

do you use charts in your analysis?

[MightyMouse 12]

do you use charts in your analysis?

 

I use range and reversal charts to map price and volume. I look at time as a function of range. I really do not look at time bars. I don't look for patterns to take trades, but I do make note of them when I see them.

[MightyMouse 12]

stop entry at 1310. stop is at 1304.25

 

Stop is moved to 1305.50

Edited April 19, 2011 by MightyMouse

[MightyMouse 12]

exit stop is at 1305.75.

[MightyMouse 12]

Sell stop for the long gets moved to 1299 and I'll move it up but not down. Zen stop is when price reaches 1226.

 

Hopefully, we make a move into the 1330's, 1340's, or higher. I need motion. Sloppy chop can get the best of me.

[Tams 20]

don't forget the upcoming long weekend...

[MightyMouse 12]

don't forget the upcoming long weekend...

 

How can I forget. Roasted lamb on Sunday.

 

It will make a believer out of anyone.

[MightyMouse 12]

My stop is now at 1309. I won't likely let it get to that. At this point I will at least take the break even trade if it comes back or if there is a negative development, I'll get out somewhere between 1310 and 1325.

 

If we get to the 1334 area, I plan on adding and I will accelerate the adds when we break clearly from this hideous range. I need to put a holiday filter onto the indicators I use.

 

I forgot to say that I love trading.

Edited April 20, 2011 by MightyMouse

[MightyMouse 12]

Given the current conditions, if we do not go above 1328.75, I will bail if we trade 1320.75. That may change as conditions change.

[MightyMouse 12]

If anyone is playing the home version, I took the trade at 1310 for very similar reasons that I took the short at 1295.5. This one, so far, looks like I made a good decision. That trade sucked.

 

From about 6:30 Eastern, it looks like there was some selling in a shorter time frame. Looks really balanced on almost all timeframes which tells me nada.

 

Sometimes you can tell if short sellers are holding prices down, allowing late buyers to buy all they want to subsequently hand them their ass, or buyers are holding up prices to allow knife catching short traders to call a top and use them to pave the way higher.

 

It is becoming very likely that I will pull the 1320.50 stop soon and ride it down if we do go below 1320.75.

 

It looks like there might be just enough selling for me to want to stay in.

[MightyMouse 12]

20.50 stop is off. Be stop at 1310 is in.

[MightyMouse 12]

If we aren't able to push through the 1329.50 high, I am going to have to bail if we trade 1321.25 first. Though conditions do seem to exist for us to get to 1330.75 or so.

[MightyMouse 12]

It doesn't look like anyone feels like selling, which makes me want to think that it is going higher. Probably get a short burst up to get the highly capitalized short term longs the chance to get to sell to the buy stops that are accumulating above the high. I am biased long, no doubt, but i just don't see the sellers winning here.

 

Whether I am right or wrong about the above, my stop is at 1321.25 and I am likely out if it is touched prior to going higher than 1329.50.

 

I'll leave the forecasting to the smart guys.

[MightyMouse 12]

It currently looks like it is going to fish me out at 1321.25. that could all change. This range really sucks. I would feel a little better about surviving if we get to the 1327's.

[rock 10]

I can't believe this. It literally took until the EOD to get to 12425. I've been waiting all day and took considerable losses. It hit 12423 and I had a sell order at 12425 earlier.

Actually, I can believe it! It was such a sloppy day today.:crap:

[joshdance 10]

I can't believe this. It literally took until the EOD to get to 12425. I've been waiting all day and took considerable losses. It hit 12423 and I had a sell order at 12425 earlier.

Actually, I can believe it! It was such a sloppy day today.:crap:

 

Just curious, what made you choose 12425 for what I assume was your TP level?

[MightyMouse 12]

I can't believe this. It literally took until the EOD to get to 12425. I've been waiting all day and took considerable losses. It hit 12423 and I had a sell order at 12425 earlier.

Actually, I can believe it! It was such a sloppy day today.:crap:

 

That is mini dow? that sucks.

[MightyMouse 12]

I am adding at 1334.25, 1339.75, 1343.75, 1347, and possibly 1349.75.

 

Things may develop where i have to bail before I get all the adds.

 

I will not ever let it go beyond my BE stop.

 

A lot of times I get an add and it turns on me, so i lose on the add, but make money on the earlier position and adds. Sometimes I end up @#$%^ what would have been a decent trade and giving away a nice gain. Shit happens.

 

Its a bet that the rally will continue. Maybe a good bet. Maybe a bad bet.

 

I am kind of hemmed in by the long week end and don't know If I am going to hold over the weekend.