Dress those Windows for 1Q!

Looks like we have more window dressing coming this week to fluff up 1Q2012 results; will the ultimate target of SPX 1440 be hit in this swing?

Continue reading

Watch This LIVE E-Mini S&P 500 Futures Trade

Even though today’s trade right out of the gate was a loser, you can still learn a lot from it. In fact you should learn more from your losing trades than your winners. And just because you lose money on a trade doesn’t mean you did anything wrong, after all it’s a probability game and you’re trying to stack the odds in your favor. As long as you followed your trading rules to the tee pat yourself on the back, you did everything right. Remember, not every trade is going to be a winner and you absolutely have to accept that to be a successful trader. So, learn from your losing trades and move on to the next trade with a smile and positive attitude. Have a great day and hope this helps.

Continue reading

Time Frames Matter

It’s a pretty rare evening when I don’t take the time to watch Todd’s updates, which I always find valuable. On Friday, using the usual 3-minute futures chart, he noted that the downtrend in evidence in the early going reversed itself when the SPX reached the 38% Fibo retracement on the daily chart. That level is […]

Continue reading

What is an Options Analyzer for?

You might have seen me use the thinkorswim analyze tab from time to time to explain how I am managing a position. What is it and why do we use it?

Continue reading

E-Mini S&P 500 Futures Trades & Forex Currency Trades Update

Today I want to show you a more aggressive trade in the E-Mini S&P 500 futures and another trade that is not so aggressive, in which both worked out nicely. I also point out a potential trade that may be setting up very soon. On the daily E-Mini charts you want to be aware of 1379.25, 1370.25 and 1361.50 for potential near-term support. So far today’s low is 1380.50 and we’re already back up to 1385.50…let’s see what happens.

I also discuss six Forex currency pairs and the current condition of each. There have been a few profitable trades and one that didn’t go as expected. Hope this all helps in your own trading and let me know what you think.

Continue reading

How Deep a Pullback?

Yesterday we discussed the high probability of seeing a pullback/consolidation, which so far has played out today. How deep will this go? Will we just get a baby pullback like early March, or will we see something deeper? This is where we’ll watch a shorter timeframe chart for clues to see what the “patterns within […]

Continue reading

Trading Today’s Down Gap by Watching a LIVE E-Mini S&P Futures Trade

Today I walk you through how to trade a relatively large gap, if and when the market opens near a critical level. Today the market did just that by opening right at the Daily S3 Pivot combined with an interesting NYSE Tick reading. When you combine those two elements with a key bullish price pattern, that is what makes a profitable (long) trade, a majority of the time. Watch and see what happens…hope this helps.

Continue reading

Probability of a Pause?

Market are about due for a pause based on a growing pile of leading indicators. The way this usually works is that when I start to doubt that this move will ever stop and I throw in the towel, that will be the exact moment of the top.

Continue reading

Apple Trade, E-Mini Futures Review & Forex Pair Update

Today I take you through what I see in three Forex currency pairs, the Euro/US Dollar, US Dollar/Japanese Yen and British Pound/US Dollar. I also update you on the April AAPL 500 PUT trade along with giving you the closest support levels in the E-Mini S&P 500 futures contract.

Continue reading

DEE-FENSE!!!!

Iron Condors are only for flat markets, right? Not if you know how to defend and adjust them! In today’s video I discuss some of the adjustments that are made to help keep my risk in check in the face of a strong move higher. 

Continue reading