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I am assuming you are trading the cash and not the russell futures for your spread. I usually anaylze the ER2 but they are fairly similar. Looks like you are sitting fairly good for friday. As you can see we got some nice support in the 657 area and major support in the 641 area. Today odds...

Rdyeman, I do manage money for friends and relatives, but am not a registered CTA. I am a FULL-time trader, can never get enough of the market. My main focus is index futures because I find they are highly correlated with most equities. For example, I daytrade the ES and ER and when the index...

Just thought I would add a little input on the whole middle east thing. There will be something serious to happen over the next few years. Whether it is tomorrow or a year from now, no one knows. But history does repeat itself, mainly US history. You can see the world is tightening up, things...

The closer it comes to your short strike the more it will cost?

Coach, when is an optimal time to put on a prego fly?

Thanks a bunch coach and Richard. Ya, I was quite the bear wasnt I? I still am, just been playing the bounces and got cocky on this one with 2 weeks to go... My spy hedge is at 123 so its not going to do much for 200k risk. I thought the prego is a scenario you take when very close to...

I have 200 july 1210-1200 bull puts on the SPX. Stressin a bit, I knew we had downside but thought we would grind a little more before dropping over 3% in 3 days! I got a week to go and lookin to adjust now. I did have some call spreads that i just closed for nice profits and still have 100...

Coach, Thanks for the reply. I guess my question was not as clear. I was thinking if volatility was rising from month to month, year to year it seems like it wouldnt matter if you were receving more credit. The risk would be higher regardless if you were receiving more premium then before...

good call rydeman... seems like there is endless worry to these FOTM spreads eh? Coach, since volatility has been shrinking the past 3 years, it has been a nice environment for credit spread traders. If we do get a phase shift into a higher vol environment what are your thoughts on credit...

Here are my es trades for today. Keep in mind I always have to place my orders a tick or 2 ahead because of fills. So most entries were actually the extreme tick of the bar. Just need to work on holdin runners...

Frost, if the lining up of those indicators gives you a clear signal and gives you a small edge, then take it. Just make sure you sim before hand for awhile and backtest it for several years. Trading is all about the accumulation of edges and probabilities, thats it. The success will come from...

I agree with 4re. Soon enough you realize that all indicators lag the market and that you will hit home runs sometimes but over time you will always be breaking even or losing money. The greatest indicator is price action, it never lies and can always be used to predict future activity so...

another view

My office...

Frost, daytrading futures is the one of the hardest things to do consistently. There is no holy grail, to much noise intraday for price to always do the same thing. I suggest trying to get a few methods that you like and use them together. When several indicators or whatever you are using...

I closed out my xeo bull put for 80% of profit and sold 100 1300/1305 bear call spreads for .85. Significant resistant ahead in 1278-1283 level. We may gap up tomorrow and will watch closely how it reacts to these levels. If breaks down will take some profits and if blows through will close...

bear call spreads anyone? or gonna wait for the info to sit over the holiday?

I have traded the RUT a few times but I found the liquidity kinda scary for far otm spreads. I like to place orders with at least 200+ contracts and the open interest is usually at around 2,000 to 5,000. Shouldnt this be a red flag? I thought you should trade spreads that have open interest...

Coach, I was talking about the es contracts not the options...

Coach, how are you doing with the fills in the ES? The liquidity is some of the best out there but it has to trade through my entry price to get filled. Most of my trades are usually countertrend as well. Several times over the past few weeks it has printed my entry and then rallied 10-12...