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Yesterdays Results
Yesterdays trading bias was wrong and I wasn't able to change it until the top. I essentially broke even minus commissions.
Plan
ES near the LVN start from yesterdays profile First Hypo is that we test 48ish and rally up to 60 to chop Second Hypo goto test 48ish fail and drop down to the next demand zone 40ish then rally up Third Hypo consolidate the whole day
Events
nothing that i know of oil inventories but that hasn't been affecting the index lately
Poker Play
The market had a decent size move up yesterday so retailers will likely buy early so for easy money it would be more of a play to push the market slightly higher then drastically lower(4 pts or so) then continue the move up
ES NQ
Can you help answer these questions from other members on NexusFi?
Yesterdays Results
I lost move about $200 even though Hypo 1 played out pretty much to the tea. I bought close to 2349 using $NQ_F had 2 stop outs and the 3rd one worked but was only able to get 1 contract on and took 5pts and watched it go higher. After watching it take off I was to eager to jump into the market giving back gains plus some. I stuck to my tight stops at least i didnt pull stops or move targets closer. Also I was able to stop trading at the limit of $200 loss.
Plan
in $ES tested 2360 and has come down to about 2354 overnight
Hypo 1: I am looking for a test of the 49 area again because it held yesterday I'm looking for a slight failure to test no lower than 43 for a push up
Hypo 2: test 49 area hold and push up to 60 failure and push to 65
Hypo 3: test 49 fail and drop to look for buyers at 40 push up to 49 Events
8:30 GDP
8:30 Initial Jobless Claims
9:45,11,11:15,4:30 FOMC speakers throughout the day Poker Play
Yesterdays Results
I lost move about $200 even though Hypo 1 played out pretty much to the tea. I bought close to 2349 using $NQ_F had 2 stop outs and the 3rd one worked but was only able to get 1 contract on and took 5pts and watched it go higher. After watching it take off I was to eager to jump into the market giving back gains plus some. I stuck to my tight stops at least i didnt pull stops or move targets closer. Also I was able to stop trading at the limit of $200 loss.
Plan
in $ES tested 2360 and has come down to about 2354 overnight
Hypo 1: I am looking for a test of the 49 area again because it held yesterday I'm looking for a slight failure to test no lower than 43 for a push up
Hypo 2: test 49 area hold and push up to 60 failure and push to 65
Hypo 3: test 49 fail and drop to look for buyers at 40 push up to 49 Events
8:30 GDP
8:30 Initial Jobless Claims
9:45,11,11:15,4:30 FOMC speakers throughout the day Poker Play
Yesterday Results
Lost money in futures again I'm having issues with jumping into positions no where near my areas of interest in options I can get in an hold it for the day because I have a fixed loss for now Im putting futures on the back burner to focus on whats making me money I will still use the futures charts in order to place trades in $SPX.
Plan
Hypo 1: test 58ish hold rally to 65
Hypo 2: test 58 fail test 54 rally to 60
Hypo 3 test 58 fail test 54 fail consolidate slight higher
Yesterdays Results
Fridays results were good i took one trade and it was a success ended the day +270 traded $NQ_F off a support level in $ES_F
Plan
to early to tell but looking to buy 55-58 looking for a test of 2365 again using $SPX options to hold longer if we pull back
Events
nothing that i know of oil inventories but that hasn't been affecting the index lately
Poker Play
The market had a decent size move up yesterday so retailers will likely buy early so for easy money it would be more of a play to push the market slightly higher then drastically lower(4 pts or so) then continue the move up
Yesterdays results
We are still in a range so I was looking for places to buy I caught the bottom of ES around 1pm I rode it up to 2356 which was my original target decided to add a contract at 235.75 with a 2 tick stop to get out of everything and got stopped out with a profit but once again if I was to leave my stop alone I would have gotten to 2358 which was really the ultimate target. Still trying to figure out how to work this either start with 1 contract and then add(which works in reverse when your adding to losers to end up losing more money or start with 2 and leg out)
Plan
We have jobs numbers today so no trading until then
Hypo 1 test 2351-2353 support holds and then rally to break 2365 resistance
Hypo 2 test 2360 fail test 2351ish consolidate
Hypo 3 test 2360 fail test 2340
$AMZN is above 900 looking for 920 which is 138.2% retracement level
Yesterdays Results
I went long early in $NQ and caught a nice move up I was looking for 2390 in $SPX so I didnt close my 2370 calls toward the close of the day with the FED news and the bearish price action I got in on a few puts. positive day +400
Plan
Hypo 1 test 2340ish hold test 2350ish consolidate test higher
Hypo 2 test 2340ish fail test 2330ish consolidate test higher
Hypo 3 test 2340ish fail test 2330ish consolidate test lower
Yesterdays Results
My bias was short early it turned out we rallied up more than we dropped in $NQ_F I waited until we got a few points past my resistance area 5431 and sold short (2) contracts with my usual tight stops held the first for 5pts and the other was a runner but when i got to 5417 an area of support I decided to add short near there on the bounce instead of closing completely I gave it a chance to get to the next area of support which didnt happen during the day session. +300
Plan
Hypo 1 test lower 2330ish of course it did that overnight now it seems to get going up to 2350 ish fail consolidate
Hypo 2 test lower 2330ish hold test 2350ish fail consolidate around 2360 fail lower to close mostly unchanged
Hypo 3 test 2340 ish hold rally to the moon
Hypo 4 test 2350ish hold goes slightly higher consolidate slightly lower close slightly unchanged
GC_F still holding calls AMZN looking for 888 to modify my long call spread by adding a 900 or 920 call(100 something days out) then i plan on turning the long spread into a short spread closing the 760 ITM long call locking in those profits
Fridays Results
I couldnt really get a read on the market and also was busy at work so I only took a scalp trade at the end of the day and mistakenly opened a long that carried over to Sunday I closed the long for +3 ticks. But that reminded me of my issue with admitting I'm wrong when I enter a trade by error the trade went almost 8 ticks against me when i originally said I would close at -4 ticks
Trading Plan
Hypo 1
test 2360 fail consolidate lower
Yesterdays Results
Still chopping in the same range +700 sold near the high in NQ bought near the lows in ES still holding a 2370 call that expires in 10 days it was part of a spread I was looking for 2390 to close it but time is getting short added new spreads in SPX to take advantage of the next choppy period they expire in 80 something days. Using the same strategy leg out the short side at the next support/resistance area and close the long at the next level up or down in the meanwhile sell front month puts/calls to reduce cost basis on the long option open.
Hypos
Hypo 1 test 2350ish hold rally up to 2360ish
Hypo 2 test 2345ish hold rally up to 2355ish
Hypo 3 test 2345ish fail test 2338ish hold rally up
Looking for AMZN to test and fail at 917 will open long put for a 10 point target. GOOGL still holding my calls for a test of 900+. Gold I am holding 3 119 calls with 2 short calls expiring this week at the same strike of 119 its looking at this point like those calls will be a loss but i will wait until friday to get protection for this week even though technically im covered by the back month longs i would rather not close my calls yet.
