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  1. sstheo

    Micro E-mini Madness (2% per day)

    Congratulations! Today is a crazy down day in the market after the rate cut, so anyone who is profitable today is to be applauded. Doing well at this task is certainly counter-intuitive.
  2. sstheo

    Micro E-mini Madness (2% per day)

    How high can we go? This bit of insanity is amusing as we cut rates at all time highs. I ended down about $40 today.
  3. sstheo

    Micro E-mini Madness (2% per day)

    AMP's statements do not have a time stamp on the trades.
  4. sstheo

    Micro E-mini Madness (2% per day)

    Got some good trades today. The market seemed to be topping out. But with the almost guaranteed rate cut tomorrow, prudence was the order of the day. I was not looking for big directional trades but correctly reasoned that we would be in a ranging pattern. MNQ was clearly weaker though, and...
  5. sstheo

    Micro E-mini Madness (2% per day)

    Maybe you are right, they are not very strong after all. They held great the last two times, but it appears that the fed's hi-falutin' fakery was just too much and the bears finally capitulated. Of course we know that the moment everyone gets long that the big boys will put on the brakes and...
  6. sstheo

    Micro E-mini Madness (2% per day)

    Not trading this afternoon, just watching. We blew right through the 27,050 mark on the MYM. This is one crazy market. And tell me this: Why is the fed going to lower rates? All time highs and we are lowering rates tomorrow? I think Powell has some loose screws, but he is not an idiot...
  7. sstheo

    Micro E-mini Madness (2% per day)

    The MYM, on the other hand is showing weakness. I will look for a short on a bounce if we stay below 27,050.
  8. sstheo

    Micro E-mini Madness (2% per day)

    The advance continues unabated. Wow. 25 points higher than the possible entry. I am not interested in this market right now. I will look for shorts if we get below the 8,100 mark (after another pop from there). OR I will look for longs if we get down into the 8,085 range.
  9. sstheo

    Micro E-mini Madness (2% per day)

    So by this price action my MNQ range has now been invalidated, and the bull continues: UNLESS of course the liquidation break rug pull is right around the corner!
  10. sstheo

    Micro E-mini Madness (2% per day)

    The NQ (MNQ) is in a tight range at the moment. Unless we break above 8112 or below 8095, then my RANGE RULES dominate. These say I may only trade toward the midline at 8103.
  11. sstheo

    Micro E-mini Madness (2% per day)

    From the outside it may appear confused, but it is not. Things are shifting a bit. We are now below the DPOC (developing point of control) on the ES. And the YM has rolled over. Once things start to shift, I go into full-on scalping mode. If I take a short, it will be on a pop after...
  12. sstheo

    Micro E-mini Madness (2% per day)

    Look at all the strong Resistance levels we broke through to get up here. Wow. This is the daily ES chart. We are in "no-man's land" now. What happens up here? It could keep going up another 1% to 2% or more today and this week. I don't feel like going long up here though, and my...
  13. sstheo

    Micro E-mini Madness (2% per day)

    Okay, now what? It looks like I missed a great long entry. We had just broken above two minor support levels, and my 50 sma was turning up. Everything is bullish again now. But if the NYSE tick and the Adv/Dec begin to weaken, then I will consider shorts again. Will I trade long...
  14. sstheo

    Micro E-mini Madness (2% per day)

    I just saved myself $8.
  15. sstheo

    Micro E-mini Madness (2% per day)

    Out at -$12. Bulls too strong. My emergency stop is -$20 per contract, but my goal is to not let that get hit. I get out when the market turns against me.
  16. sstheo

    Micro E-mini Madness (2% per day)

    Trade #1 today. All time new highs. Will it keep going up all day? Or will it stall here and give me some ticks??? My 50 sma is rolling over. The short entry was made on a pop after some demonstrated weakness. The weakness was determined after the break of two small support levels. The...
  17. sstheo

    Micro E-mini Madness (2% per day)

    That makes sense, thanks. While I am using a 40 tick max loss on this micro account, I see I need to really finalize the max loss for the Leeloo account, assuming I get funded soon. You correctly extrapolated saying I would be changing things from my micro to the E-mini's if I make the stop...
  18. sstheo

    Micro E-mini Madness (2% per day)

    2% per day certainly has its limits as you have well expressed. I aim to get to $10k on this micro account. The 2% per day is a distant second objective. If I can get to $10k without blowing up, then I will have succeeded. I will then move on to the E-minis. With 2% per day I would...
  19. sstheo

    Micro E-mini Madness (2% per day)

    I am not sure where the "luck" comes in, except every time I (or any trader) enter a trade it is a matter of probabilities. Is "luck" where preparation meets probability? Or perhaps I am lucky each time I get a profit, because as we all know that sometimes (often?) trades simply go against us...
  20. sstheo

    Micro E-mini Madness (2% per day)

    I think I shall do my best to pleasantly surprise you. ;)
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