Search results

Well, Its all about the "character" of the market. This morning was a "Green Scream" short squeeze melt up. If it doesnt try to backfill the gap up, STAY long till the momo goes cold; even then it consolidated on high, no retracement. Once there, play range "PingPong." Then "Panic Selloff"...

Your first trade was a nice clip, 10Pts.; it gave you confidence, and padding to trade, more trades than you usually do. And you let them run longer than you normally do. A lot of those trades became profitable relatively quickly: hot momentuum trades. The fast and safe money is made in the...

Well if you're paying for realtime quotes, say $80+/mo, which I know many of you surpass, and your vendor cant provide one of the most important differentials in the market, then complain. Sheese even Qcharts has Prem! You shouldnt have to do the math in your head..thats for your platform and...

The Prem Can be negative and the range can be predominantly in the negative, indicative of a weak downtrending market or on the open when fair value is negative from the previous close.--PeterG.

I wrote a little more in the Prem, Tick tread. There I stated that the prem never stays negatavive. Thats WRONG! the range CAN be in the negative; typical of downtrending and weak markets. if you look at todays 1/18/02 the first 1/2 hour showed a distinct change in the range, it started weak...

NlJones, the 912 handle is just pit trader speak for the emini trading around 912, an handle is one point. A 4 handle move would be to 916. W3 & W4 refer to Elliot wave counting principals; W3s tend to be the best moves usually 162% to 262% of the primary move W1 and are corrected by W4s. So at...

GAtrader here we are trading the S&P emini, using the prem as an idicator as it oscillates back and forth from overbought and oversold conditions, once we have established a consistant range. Basically, in an established uptrend, buyin the emini when the Prem is in its low range and breaking...

Well Don, some of it depends on what your trading, cash or futures. When trading the S&P Emini I'd have to say that in an established downtrend one would not want to buy when the Prem is negative, unless one is covering on weakness, or after a major extension to the downside. However, in and...

OK, But how do we use the Prem as an indicator for trading; I believe that is the question NlJones5 is askin. Very simply, chart the Prem itself, using 1min bars and 1/3ma1 cross up/down . Determine the range and establish horizontal hi/lo boundaries of varing degrees: extreme to the mean. For...

Some liken the S & P emini to war, but to me its more like poker verging on a soap opera. Gauging the mood of the character is the first step in adjusting stops. Whether its "Chop," "Smooth Trend," "Green Scream," "Ping Pong," "Melt-up or Down," all determine a stop's intrinsic...

First, protect and grow what capital you have, before seeking inordinate sums to risk. It is not really size, but percent on return. If you can gain 2% / day on that "measly" 100K, after compounding your gains over a year you should be 100x up...something like 10mil......more than that measly...