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If the ES opens above 1313, I'd be a buyer at 1311.5 with a stop at 1307.5 and target of 1317.5. If the ES opens below 1310, I'll look to sell around 1313 with a stop at 1317 and target of 1307. Either way I'd get out of the position before the rates are announced.

Value-ranges for tomorrow. ES: 1310.5-1311.5 ER: 756.6-757.6 NQ: 1698-1699 YM: 11310-11316 ER and YM are above the value-ranges, NQ closed right in the range and ES below it. Today, ES was unable to get to its value-range and NQ managed to get there but wes rejected quickly. If...

Well this was a pretty good call for today but I would rather not have a position here. It seems like the market has discounted the next rate hike. The Fed is going to determine where the market closes tomorrow. I would like to see it close above 1315 or below 1307 to initiate a new position...

Neither will you... BTW, Have you met anyone or do you know anyone that is in heaven right now?

Break- even.

Sold 1 @ 11.50

Testing a new strategy: Let's see how this plays out. Sell-limit 1 @ 1311.50 Sell-limit 1 @ 1314.00 Stop 2 @ 1315.50 Total Risk: 5.5 pts.

1314 could be the high of the day, if the market manages to rally here. I'm staying out till Wednesday.

Analysis of Friday's action. The markets were range-bound on Friday. ER and NQ showed significant strength. The low on Friday did not come close to the value-ranges. If the markets were to move higher from here ER and NQ need to take charge. Although the ER is at an all-time high--- ES, YM...

Here are the value-ranges for tomorrow. ES: 1314-1315 ER: 755-756 NQ: 1702-1704 YM: 11322-11328. Market Profile: VAH: 1314.25 POC: 1311.75 VAL: 1309.75 YM and ER closed above the value-ranges, whereas ES and NQ below it. It could very well be another range-bound day. Pivot...

Well I guess that is where discipline and patience comes into play. Seriously though since ER and NQ were above the range, I should have sold around 1215. I backtested this strategy for the last few years and the results were good.

Most of my wins came when there were intraday trends during the day. In March what we saw was mostly reverse to the mean as in this case reverse to the value-range. This is likely to continue on Monday and Tuesday. After the Fed meeting we should see more of a clear direction. If I were...

Here is my plan: I paper-traded in Feb and it was good. I traded actual money(1 contract) in March and it was not good. So now I'm back to paper trading. If in another 2-4 weeks the results are good. I'll start with 2 contracts (actual money) with a 4 pt. profits on 1 and will reduce the...

Here is another mistake that I made today. ER and NQ were trading above their value-ranges so I should have waited to sell on a rally in the ES. If atleast 3 of the 4 indexes were trading below the value-ranges, then I should have shorted at the value-range. 1315 would have been the ideal...

No, I meant the high is in place as a joke. I have noticed that when I get stopped out the market reverses. I think I'll stay on the sideline till Wednesday and I have a feeling my system will work after that. Once the market breaks-out or breaks-down from this range, I'll be fine.

Thanks. I think it will probably start working after Tuesday's meeting. We will be out of the range-bound trading.

Sweet.... Stopped out again so that means the high is probably in place. So far in my paper-trading account: 2 trades -4 pts.

Executed

Sell-limit: 1311 Stop: 1315

Currently, NQ and ER are above the value-range and YM and ES are below it. Sell-limit 1312.50 Stop: 1317. If ES is trading above 1311 at 9.30. Sell-limit: 1315 Stop: 1319