" /> Day Trade Emini S&P 500 NASDAQ 100: July 2009 Archives

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July 29, 2009

Flat moving averages, price bouncing up and down --> No trade today

5 min Emini Nasdaq 100

Hi,

How is it going lately? Market gapped down today only to cover it immediately...However, you can see that price is bouncing up and down from the flat moving averages...

There is not enough return for me to want to risk my money... No trade today!

July 28, 2009

Prices are stalling... moving averages are flat... No trade today

5 min Emini Nasdaq 100

Prices are in for a short-term correction soon.... price range is getting narrower and this crazy uptrend simply can't just continue forever.... Moving averages are flat and There is no signal for me to enter the market today... No trade today..

July 27, 2009

Over Bought! Over Bought! Are we finally seeing a top? Momemtum is slowing...

5 min Emini Nasdaq 100

Hi,

Market has been on an upward trajectary for the past week.. Do you really think that this will continue forever? Good news have less and less impact on the market. It just can't keep on continuing on it's rocket trajectory...

Today's market is pretty obvious...Moving averages are flat.. I mean horizontal flat !! There is some sort of mean reversion by price hovering up and down But do you want to take the risk in such a market? We have seen better times and opportunities to capture in the market. You don't have to force a trade.

No trade today.

July 23, 2009

Market is rocketing up... But No trade!

5 min Emini Nasdaq 100

Hi,

Market is reaching new highs... it sky rocketed up from the opening bell... There is obviously instituitional buying interest and the jump was too great and too fast for day traders to jump on... There wasn't a pullback and no obvious signals from stochastics or short-term MACD. I wasn't willing to take the risk in this over bought market... No trade today.

July 22, 2009

Market reaches new high, pull down to moving averages -> Long -> $180 profits

5 min Emini Nasdaq 100

Hi,

How is it going lately? Market is reaching new highs are we seeing a full blown recovery? The market seems to be full of optimism...
But beware, daily charts candlesticks are getting shorter and shorter and we are seeing momentum falling...

Today's trade makes use of the short term rising trend, when price pulled back to the moving averages, I longed 1 contract at 1554 and exited at the high established near the opening bell at 1563 with profits of $180.

July 17, 2009

Market reaches new high since June!

5 min Emini Nasdaq 100

Hi,

How is it going lately? Price was on an uptrend since the opening bell. However, candlesticks are short-bodied and I did not get a chance until towards the closing bell when price pulled down to the moving averages and stochastics cut up the oversold line.

I longed 1 contract at 1519 and exited at the closing bell at 1528 with profits of $180 profits.

July 16, 2009

Market reaches high again? No TRADE TODAY

Hi,

How is it going lately?
Market reaches the high established last month... However, candlestick bodies are extremely short-bodied... Do you think you have a chance in this environment? Not me... I decided not to trade in this environment.. NO TRADE TODAY.

July 15, 2009

Good INTEL results, price gapped up and continued uptrend --> No trade!

5 min Emini Nasdaq 100

Hi, price gapped up by around 20 points during the opening bell.. it then continued on its uptrend there after with short-bodied candlesticks... The uptrend is obviously caused by institutional buying... There were no signals for me to enter the market...

I think the chart lookings interesting,, but there simply is no signal and we should not force a trade here. NO TRADE TODAY.

July 14, 2009

Market holds up well, price pulls back to moving averages, stochastics up -> long -> $140 profits

5 min Emini Nasdaq 100

Hi,

How is it going lately? The market has rallied again... It is holding up surprising well..
Price pulled back to my moving averages and coupled with stochastics cutting up from the oversold region, I longed 1 contract at 1441 ...

I only exited at 1448 when stochatics cut back down with profits of $140..

July 9, 2009

Price is on a uptrend, rebound from moving averages, stochastics up -> LONG -> $160 profits

5 min Emini Nasdaq 100

Hi,

Price made a comeback today... moving averages are sloping up and I got my chance to go long when price pulled back to the moving averages...

I entered 1 contract at 1409 when stochastics bounced up ... I exited only when price reached the opening price at 1417 with profits of $160.

July 8, 2009

Market downtrend, rebound from moving averages, stochastics down -> $100 profits

5 min Emini Nasdaq 100

Hi,

How is it going lately? Market has turned to a downtrend lately, you can see that moving averages are downward sloping...

I am waiting for a rebound of price back to the moving averages before it bounces down again... I got my chance when stochastics

started to cut down the overbought region and I entered 1 contract at 1402... I stayed in the market until stochastics cut back up

I exited at 1397 with profits of $100.

July 7, 2009

Downtrend ? But no trade.... Why? Read on...

5 min Emini Nasdaq 100

Hi,

Price continued on its downtrend from the start of the market. But all these is on short-bodied candlesticks... Moving averages are downward sloping...

It makes sense to go short, however, do we have a chance ? Is there a signal? I don't think so....
First we are looking for a pullback to the moving averages before entering at the same time if this is accompanied by stochastics or short-term MACD signals,
that would be perfect... However, I get none of these and I am unwilling to take any risk at this point.

July 6, 2009

Gapped down, short bodied candlesticks -> No trade Today

5 min Emini Nasdaq 100

Hi,

How is it going lately? I have been traking a break from the market for the past week to spend some quality time with my family ...
Hope everything's well and you are trading fine as well...

There isn't much of a trade today.... We can see that price gapped down but covered the gap immediately... then it plunged again...
This is followed by price making a comeback with extremely short-bodied candles... do you really want to go into such a market??

Not practical.... and dangerous... No trade today.