Futures Calls Recap for 2/25/13
Couple of winning trades on the ES that were called officially. See that section below. Also, note the Value Area play on the NQ.
Net ticks: +11 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:
My call triggered long at 1523.00 at A, hit first target for 6 ticks, and stopped second half under the entry. Mark's short triggered at B at 1518.50, hit first target for 6 ticks, and he lowered the stop twice and stopped at 1515.75 at C. There was also a nice Value Area setup here that worked that we discussed in the Trading Lab as it happened:
Forex Calls Recap for 2/25/13
A winner and a loser for the session. See GBPUSD below. Gaps remain on several pairs from the open on Sunday.
Here's a look at the US Dollar Index intraday with our market directional lines:
New calls and Chat tonight after 5 pm EST when the new levels come out after global rollover.
GBPUSD:
Triggered long at A and stopped. Triggered short at B, hit first target at C, and stopped second half over S1 entry:
Stock Picks Recap for 2/22/13
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, nothing triggered.
From the Messenger/Tradesight_st Twitter Feed, FSLR triggered long (without market support due to opening 5 minutes) and didn't work:
BIDU triggered short (with market support) and worked enough for a partial:
AMZN triggered short (with market support) and we ended up closing it out at even when market direction flipped:
In total, that's 2 trades triggering with market support, 1 of them worked, and 1 was flat due to a market directional shift.
Futures Calls Recap for 02/22/13
A winner and a loser as the market traded very light volume and drifted most of the session again. See ES and NQ below.
Net ticks: -1 tick.
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:
Mark's call triggered short at A at 1503.25 and stopped for 7 ticks:
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.
My call triggered short at A at 2724 and hit first target for 6 ticks, lowered stop twice and stopped at the same number 6 ticks in the money:
Forex Calls Recap for 2/22/13
One trade if you were able to get any on a news spike. See GBPUSD below.
As usual on the Sunday report, we will take a look at the action from Thursday night/Friday, then look at the daily charts heading into the new week with the Seeker and Comber separately, and then look at the US Dollar Index.
Here's a look at the US Dollar Index intraday with our market directional lines:
New calls and Chat tonight after 5 pm EST when the new levels come out after global rollover.
GBPUSD:
Been a while since we've seen a spike like this on news that perhaps made it so that you didn't get any or all of the pieces of your trade executed, depending on where your orders and limits were at. In terms of the raw trade, triggered long at A, hit first target at B (in the same 5 minute bar) and stop was moved under the entry. Also went again in the morning from C to D:
Forex Calls Recap for 2/22/13
One trade if you were able to get any on a news spike. See GBPUSD below.
As usual on the Sunday report, we will take a look at the action from Thursday night/Friday, then look at the daily charts heading into the new week with the Seeker and Comber separately, and then look at the US Dollar Index.
Here's a look at the US Dollar Index intraday with our market directional lines:
New calls and Chat tonight after 5 pm EST when the new levels come out after global rollover.
GBPUSD:
Been a while since we've seen a spike like this on news that perhaps made it so that you didn't get any or all of the pieces of your trade executed, depending on where your orders and limits were at. In terms of the raw trade, triggered long at A, hit first target at B (in the same 5 minute bar) and stop was moved under the entry. Also went again in the morning from C to D:
Stock Picks Recap for 2/21/13
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, MPEL triggered short (without market support due to opening 5 minutes) and worked:
From the Messenger/Tradesight_st Twitter Feed, COST triggered short (with market support) and we closed it out around the entry after the market was flat for almost an hour:
TEVA triggered short (with market support) and we closed it out around the entry after the market was flat for almost an hour:
AMZN triggered short (with market support) and didn't work:
Mark's MCHP triggered short (with market support) and didn't work:
AAPL triggered long (with market support) and didn't work:
GOOG triggered short (with market support) and didn't work:
In total, that's 6 trades triggering with market support, 2 of them we closed flat because of complete market inaction, 4 did not work. Single worst trading ratio win/loss in over a year.
Stock Picks Recap for 2/21/13
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, MPEL triggered short (without market support due to opening 5 minutes) and worked:
From the Messenger/Tradesight_st Twitter Feed, COST triggered short (with market support) and we closed it out around the entry after the market was flat for almost an hour:
TEVA triggered short (with market support) and we closed it out around the entry after the market was flat for almost an hour:
AMZN triggered short (with market support) and didn't work:
Mark's MCHP triggered short (with market support) and didn't work:
AAPL triggered long (with market support) and didn't work:
GOOG triggered short (with market support) and didn't work:
In total, that's 6 trades triggering with market support, 2 of them we closed flat because of complete market inaction, 4 did not work. Single worst trading ratio win/loss in over a year.
Futures Calls Recap for 2/21/13
We went from a day with decent range to a day with almost none, despite the fact that the NASDAQ traded 2 billion shares. We left a gap above and spent way too much of the day on the VWAP. No trades triggered.
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:
Futures Calls Recap for 2/21/13
We went from a day with decent range to a day with almost none, despite the fact that the NASDAQ traded 2 billion shares. We left a gap above and spent way too much of the day on the VWAP. No trades triggered.
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: