Futures Calls Recap for 5/14/13
A gap and run session that just kept going and never set any levels, then gave us Comber sell signals, and then couldn't even retrace to the VWAP. See ES and NQ below.
Net ticks: -14 ticks.
As usual, let's start by taking a look at the ES and NQ with our market directional lines, VWAP, and Comber on the 5-minute chart from today's session:
ES:
Triggered short at A at 1643.00 and stopped for 7 ticks, did not re-enter:
NQ:
Just a reminder that we use half points for ticks on the NQ and not the quarter point measurement that the exchanges switched to in recent years. This allows us to use 6 ticks as a key target as we do on the other contracts. It also keeps the value of a tick at $10, closer to the value of a tick on the other contracts.
Triggered short at A at 2988.50 and stopped for 7 ticks, did not re-enter:
Futures Calls Recap for 5/14/13
A gap and run session that just kept going and never set any levels, then gave us Comber sell signals, and then couldn't even retrace to the VWAP. See ES and NQ below.
Net ticks: -14 ticks.
As usual, let's start by taking a look at the ES and NQ with our market directional lines, VWAP, and Comber on the 5-minute chart from today's session:
ES:
Triggered short at A at 1643.00 and stopped for 7 ticks, did not re-enter:
NQ:
Just a reminder that we use half points for ticks on the NQ and not the quarter point measurement that the exchanges switched to in recent years. This allows us to use 6 ticks as a key target as we do on the other contracts. It also keeps the value of a tick at $10, closer to the value of a tick on the other contracts.
Triggered short at A at 2988.50 and stopped for 7 ticks, did not re-enter:
Forex Calls Recap for 5/14/13
Nothing triggered again overnight and then we had a small winner on the GBPUSD, which I closed out because it hadn't gone far. See that section below.
Here's a look at the US Dollar Index intraday with our market directional lines:
GBPUSD:
Triggered short at A, closed at B for end of session about 15 pips in the money:
Forex Calls Recap for 5/14/13
Nothing triggered again overnight and then we had a small winner on the GBPUSD, which I closed out because it hadn't gone far. See that section below.
Here's a look at the US Dollar Index intraday with our market directional lines:
GBPUSD:
Triggered short at A, closed at B for end of session about 15 pips in the money:
Stock Picks Recap for 5/13/13
With each stock's recap, we will include a (with market support) or (without market support) tag, designating whether the trade triggered with or without market directional support at the time. Anything in the first five minutes will be considered WITHOUT market support because market direction cannot be determined that early. ETF calls do not require market support, and are thus either winners or losers.
From the report, no calls due to data issues over the weekend from my scanning provider. The MRVL that we have been watching for the last 5 sessions did trigger (without market support) and worked:
From the Messenger/Tradesight_st Twitter Feed, Rich's AMZN triggered long (with market support) and worked great:
COST triggered long (with market support) and didn't work:
GOOG triggered long (with market support) and worked:
TEVA triggered long (with market support) and worked:
In total, that's 4 trades triggering with market support, 3 of them worked, 1 did not.
Stock Picks Recap for 5/13/13
With each stock's recap, we will include a (with market support) or (without market support) tag, designating whether the trade triggered with or without market directional support at the time. Anything in the first five minutes will be considered WITHOUT market support because market direction cannot be determined that early. ETF calls do not require market support, and are thus either winners or losers.
From the report, no calls due to data issues over the weekend from my scanning provider. The MRVL that we have been watching for the last 5 sessions did trigger (without market support) and worked:
From the Messenger/Tradesight_st Twitter Feed, Rich's AMZN triggered long (with market support) and worked great:
COST triggered long (with market support) and didn't work:
GOOG triggered long (with market support) and worked:
TEVA triggered long (with market support) and worked:
In total, that's 4 trades triggering with market support, 3 of them worked, 1 did not.
Futures Calls Recap for 5/13/13
Our call did not trigger on a light-volume Monday with a lack of range. We retraced to the VWAP repeatedly.
Net ticks: +0 ticks.
As usual, let's start by taking a look at the ES and NQ with our market directional lines, VWAP, and Comber on the 5-minute chart from today's session:
ES:
Note the 9-bar setup against the UBreak was the stall out point over lunch:
Futures Calls Recap for 5/13/13
Our call did not trigger on a light-volume Monday with a lack of range. We retraced to the VWAP repeatedly.
Net ticks: +0 ticks.
As usual, let's start by taking a look at the ES and NQ with our market directional lines, VWAP, and Comber on the 5-minute chart from today's session:
ES:
Note the 9-bar setup against the UBreak was the stall out point over lunch:
Forex Calls Recap for 5/13/13
Even though the triggers weren't that far apart, neither trade call on the EURUSD triggered to start the week. The long trigger was a couple of pips from the high of the session. See EURUSD below, and we'll try again tonight.
Here's a look at the US Dollar Index intraday with our market directional lines:
EURUSD:
Forex Calls Recap for 5/13/13
Even though the triggers weren't that far apart, neither trade call on the EURUSD triggered to start the week. The long trigger was a couple of pips from the high of the session. See EURUSD below, and we'll try again tonight.
Here's a look at the US Dollar Index intraday with our market directional lines:
EURUSD: