Jump to content

Welcome to the new Traders Laboratory! Please bear with us as we finish the migration over the next few days. If you find any issues, want to leave feedback, get in touch with us, or offer suggestions please post to the Support forum here.

  • Welcome Guests

    Welcome. You are currently viewing the forum as a guest which does not give you access to all the great features at Traders Laboratory such as interacting with members, access to all forums, downloading attachments, and eligibility to win free giveaways. Registration is fast, simple and absolutely free. Create a FREE Traders Laboratory account here.

MightyMouse

Emini S&P 500 Short Term Trading

Recommended Posts

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.

Share this post


Link to post
Share on other sites
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

Share this post


Link to post
Share on other sites
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.

Share this post


Link to post
Share on other sites

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.

Share this post


Link to post
Share on other sites

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 by MightyMouse

Share this post


Link to post
Share on other sites

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.

Share this post


Link to post
Share on other sites

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.

Share this post


Link to post
Share on other sites

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:

Share this post


Link to post
Share on other sites
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?

Share this post


Link to post
Share on other sites
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.

Share this post


Link to post
Share on other sites

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.

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.


  • Topics

  • Posts

    • NFLX Netflix stock, with a solid top of range breakout, from Stocks to Watch at https://stockconsultant.com/?NFLX  
    • NFLX Netflix stock, with a solid top of range breakout, from Stocks to Watch at https://stockconsultant.com/?NFLX  
    • It depends. If you have lots of money that you can buy a house without a loan and if you don't have any parents to sponsor then it is a good idea. Otherwise it might be a bad idea depending where in Canada you are heading to. I earned a good middle income in my home country and I migrated to Vancouver 5 years ago at the age of 35. I had to start right from the bottom, lowest of the low.. Now i am finally earning a middle income in Canada but I still cannot afford to buy a one bedroom apartment. Having left behind friends, family and home, most of the times I think it is not worth it.   In short, do not migrate if you already have a good life in your home country and you are happy. Only migrate to Canada if you really have to leave your home country say there is a war or something really bad. Discrimination still exists here and its really tough for newcomers unless you are super rich. Good luck. David Chong, Quora  
    • This is bigger than the internet. Bigger than mobile. Bigger than social media.   While everyone was distracted by stock market fluctuations and political theater…   Most people have NO IDEA what just happened last week with ChatGPT.   Their new memory feature allows ChatGPT to remember EVERYTHING about you across all your conversations.   Think about that for a minute...   While most tech companies have been collecting mere breadcrumbs about you - your likes, your clicks, your browsing history - OpenAI is now collecting the most valuable dataset in human history: your complete psychological profile.   This is Zuckerberg x 5,000.   The more you use ChatGPT, the more it understands you, becoming a supercharged reflection of yourself that improves at an exponential rate.   Are you a regular ChatGPT user?   Consider whether it’s time to turn off the “you can train on my information” feature. To prevent your data from being used for training while still using the memory feature:   Disable Model Training: Navigate to Settings > Data Controls. Toggle off "Improve the model for everyone". Manage Memory Settings: Go to Settings > Personalization > Memory. Here, you can: Turn off memory entirely. Delete specific memories. Use Temporary Chat for sessions that won't be saved or used for training. Now the investment implications…   Why This is Bigger Than You Think Consider this: the relationship between humans and ChatGPT is evolving beyond a mere tool.   People are now treating these AI assistants as friends, confidants, and even romantic partners.   I'm not making this up - there are already documented cases of people ending real human relationships to pursue “connections” with their AI companions.   A viral Instagram meme shows a person going through life with a glowing, featureless humanoid figure - representing ChatGPT - as their companion.   The post has over 1.1 million likes and comments like "Bro ChatGPT is like my best friend. Ain't even ashamed to say it" with 25,000 likes.   But here's where things get really interesting for investors and entrepreneurs...   Three Things to Watch For starters, hardware is the next big thing for the big players.   The iPhone form factor is dead.   It hasn't meaningfully changed in nearly a decade. The next evolution in hardware will be designed specifically to interface with these AI companions.   OpenAI is already working on hardware with Johnny Ive, the legendary designer behind the iPhone and iPod. But you can’t ignore Elon Musk’s edge here.   So what does all of this mean for you?   The companies that control the personal AI relationships will be worth trillions. OpenAI and Elon Musk will have the coziest moats. We're witnessing the birth of a new internet - one built on agents that can communicate with each other across platforms. Google's new agent-to-agent protocol allows AI agents to work together without sharing internal memories or tools. The hardware companies that create the perfect interface for these AI companions will dominate the next decade of technology. And almost nobody is talking about what this means.   My prediction? Within five years, most people will have a personal AI that knows them better than anyone else. And they will interact with it in ways that seem foreign today.   (And, yes, it will almost certainly have dystopian elements.)   In the meantime, the biggest gains won’t come from household names. And, right now, James is seeing a prime opportunity to invest in the most under-the-radar plays in AI…   For dirt cheap. By Chris C. Source: https://altucherconfidential.com/posts/use-chatgpt-protect-yourself-now
    • KBH KB Home stock, nice day and rally off the 50.82 support area, from Stocks to Watch at https://stockconsultant.com/?KBH      
×
×
  • Create New...

Important Information

By using this site, you agree to our Terms of Use.